Automotive Shop with Car
For Sale
$185,000
7621 Elder Ferry Road, Moss Point, MS 39563
COMMERCIAL - Moss Point, MS
Property Size1,892 SF
Lot Size0.84 Acres
Price / SF$97.78
Days on Market182
Property Features for 7621 Elder Ferry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Standard status
Active
APN
2-02-12-058.000
Size
1,892 SF
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM INTER S/M SARACENIA RD & E/MHWY 613 S 9* W 142.12' TO POB E 165.87' S 23* E 175' W 262.23'N 9* E 167.83' TO POB DB 1151-337 DB 1818-378 (12 MAP761.12-02)
Tax Annual Amount
1709
Legal Description
COM INTER S/M SARACENIA RD & E/MHWY 613 S 9* W 142.12' TO POB E 165.87' S 23* E 175' W 262.23'N 9* E 167.83' TO POB DB 1151-337 DB 1818-378 (12 MAP761.12-02)
Amenities
solar-powered security system
updated outlets
car lift
Building Details
Year built
1952
Listing Agency:
Coldwell Banker Smith Home Rltrs-OS · Coldwell Banker Real Estate
(228) 872-3330
Listed By:
Lisa N Wasielak · License #S59652
(228) 278-5842
Added: Feb 6
Changed: Aug 4
Last Checked: Aug 7 at 9:06AM
MLS# 4138473
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property combines a residential interior with an automotive worksite. The home features updated flooring and outlets, wood accents in the living room, bright bedrooms with large windows and ample closet space, and flexibility for a small office or workspace. For security, it includes a solar-powered security system. A large metal shop is currently set up for car shop work and includes the car lift, which conveys, along with space suited for work and storage. The backyard is fenced.
The site offers Highway 613 road frontage and also has additional access from Elder Ferry Road, supporting convenient entry for equipment, customers, or daily travel. The property is described as having residential & commercial zoning.
Set on a lot listed at 0.84 acres, the property provides room to operate the existing automotive setup while accommodating residential use on the same parcel.
The site offers Highway 613 road frontage and also has additional access from Elder Ferry Road, supporting convenient entry for equipment, customers, or daily travel. The property is described as having residential & commercial zoning.
Set on a lot listed at 0.84 acres, the property provides room to operate the existing automotive setup while accommodating residential use on the same parcel.
Key Highlights
- Residential and commercial zoning; versatile setup for a home‑based business, primary residence, or investment use
- Nearly 1‑acre lot with Highway 613 road frontage plus additional access from Elder Ferry Road
- Year built 1952 with 4 bedrooms and 1 bathroom
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
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.
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- H&H Auto Services — 7200 MS-613, Moss Point, MS 39563
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive shop on a fenced lot with a car lift and Highway 613 road 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; versatile setup for a home‑based business, primary residence, or investment use; Nearly 1‑acre lot with Highway 613 road frontage plus additional access from Elder Ferry Road; Year built 1952 with 4 bedrooms and 1 bathroom
