Highway Frontage Car Shop
For Sale
Contact for pricing
7621 Elder Ferry Road, Moss Point, MS 39563
Established car shop with residential/commercial zoning and highway frontage.
Property Size1,892 SF
Lot Size1.00 Acre
Price / SF$97.78
Days on Market186
Property Features for 7621 Elder Ferry Road
General Information
Standard status
Active
Size
1,892 SF
Lot size
1.00 Acre
Property subtype
Special Purpose
Building Details
Year Built
1952
Listing Agency:
Coldwell Banker Smith Homes
(228) 278-5842
Listed By:
lisa wasielak · License #s-59652
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Aug 11 at 1:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Smith Homes
Investment Insights
Based on property information with market context.
This versatile property features interiors with a modern touch, blending comfort and functionality. The spacious bedrooms are bright and inviting, featuring updated flooring, ample closet space, and large windows that fill the home with natural light. There's flexibility for a small office or workspace, making it ideal for everyday living or working from home. The living room provides a warm, comfortable setting perfect for relaxing or entertaining, enhanced by wood accents and a thoughtfully designed layout. A seamless flow between the main living areas and bedrooms adds to the home's practicality. The home includes a solar-powered security system and updated outlets. Zoned for both residential and commercial use, this property offers possibilities from a primary residence to a home-based business or investment opportunity. The nearly one-acre lot provides ample room to expand, and the large metal shop currently operates as an established, reputable car shop, already fully set up for work or storage. The car lift conveys, making it ideal for mechanics, hobbyists, or commercial use. The fenced-in backyard adds privacy and security. With Highway 613 road frontage and additional access from Elder Ferry Road, the property allows easy entry for equipment, customers, or daily travel. The property size is 1892 square feet.
Key Highlights
- Residential and Commercial Zoning: Offers diverse usage possibilities.
- Highway 613 Road Frontage with Additional Access: Provides excellent accessibility.
- Established Car Shop with Car Lift: Includes a fully operational metal shop, ideal for mechanics; car lift conveys.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,360
$245.4K
Cap Rate 7%
$175,257
$175.3K
Cap Rate 9%
$136,311
$136.3K
Market Conditions
NOI Build-Up for 1,892 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.8K $9.96/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$17.5K $9.26/SF
− OpEx
−$5.3K −$2.78/SF
NOI
$12.3K $6.48/SF
Area
Jackson County, MS
Vacancy
7.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,360
Cap Rate 7%
$175,257
Cap Rate 9%
$136,311
Alternative Uses
Best Use
Retail
$321.8K
$281.5K – $375.4K
NOI $22,523 @ 7.0% cap · market cap 12.17%
Second Best
Industrial
$175.3K
$153.4K – $204.5K
NOI $12,268 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$516.9K
$452.3K – $603.0K
NOI $36,181 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Piggly Wiggly
Groceries
14,219 visits/mo
0.3 miles
Demographics for 39563, MS
12,300
Population
5,717
Households
2.2
Avg Household Size
47
Median Age
15%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
618
Density / Sq Mi
$46,672
Median Household Income
$30,719
Median Earnings
$1,039
Median Rent
$107,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TJ'S onsite truck and trailer diesel repair — 7009 MS-613, Moss Point, MS 39563
- Danny's Towing — 7007 MS-613, Moss Point, MS 39563
- John Byars — Rabby St, Moss Point, MS 39563
- Grease Monkey — 7118 MS-613, Moss Point, MS 39563
- H&H Auto Services — 7200 MS-613, Moss Point, MS 39563
Frequently Asked Questions
What type of property is this?
Auto shop - Established car shop with residential/commercial zoning and highway frontage.
Where is this auto shop located?
The property is located at 7621 Elder Ferry Road Moss Point, MS.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Residential and Commercial Zoning: Offers diverse usage possibilities.; Highway 613 Road Frontage with Additional Access: Provides excellent accessibility.; Established Car Shop with Car Lift: Includes a fully operational metal shop, ideal for mechanics; car lift conveys.
