Four-Bay Auto
For Sale
$249,900
8117 Highway 63, Moss Point, MS 39563
Commercial building with multiple service bays, office space, restroom, and built-in shelving.
Property Size3,480 SF
Price / SF$71.81
Days on Market262
Property Features for 8117 Highway 63
General Information
Standard status
Active
Size
3,480 SF
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$1,206
Amenities
office
bathroom
shelving
Building Details
Buildings
1
Listing Agency:
Melissa Gardner Babcock, Broker
(228) 217-3040
Listed By:
Dawn Roddy Lassitter · License #109592
(228) 217-3040
Source:
Exprealty
Added: Dec 12, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:27PM
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 Melissa Gardner Babcock, Broker
Investment Insights
Based on property information with market context.
Located at 8117 Highway 63 in Moss Point, Mississippi, this 3480-square-foot commercial building occupies a site measuring less than one acre. The layout includes four service bays, one office, and one bathroom, with shelving installed throughout the building.
The property has previously operated as an auto repair and body shop, providing an existing configuration for automotive-related operations. Its bay arrangement and supporting office, restroom, and storage features also provide a practical foundation for a future commercial use.
The property has previously operated as an auto repair and body shop, providing an existing configuration for automotive-related operations. Its bay arrangement and supporting office, restroom, and storage features also provide a practical foundation for a future commercial use.
Key Highlights
- 3480‑square‑foot building on a site measuring less than one acre
- Four service bays for automotive‑related operations
- Includes one office and one 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
$22,564
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
9.03%
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%
$451,280
$451.3K
Cap Rate 7%
$322,343
$322.3K
Cap Rate 9%
$250,711
$250.7K
Market Conditions
NOI Build-Up for 3,480 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
$34.7K $9.96/SF
− Vacancy
−$2.4K −$0.70/SF
EGI
$32.2K $9.26/SF
− OpEx
−$9.7K −$2.78/SF
NOI
$22.6K $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%
$451,280
Cap Rate 7%
$322,343
Cap Rate 9%
$250,711
Alternative Uses
Best Use
Retail
$591.8K
$517.8K – $690.4K
NOI $41,426 @ 7.0% cap · market cap 16.58%
Second Best
Industrial
$322.3K
$282.1K – $376.1K
NOI $22,564 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$950.7K
$831.9K – $1.11M
NOI $66,549 @ 7.0% cap · market cap 26.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- A.A.C mechanical repairs/Lift & Lowering kits/Ls Swaps — 7700 MS-613, Moss Point, MS 39563
- D J's Custom Paint & Body Shop — 8117 MS-63, Moss Point, MS 39563
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with multiple service bays, office space, restroom, and built-in shelving.
Where is this auto shop located?
The property is located at 8117 Highway 63 Moss Point, MS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 3480‑square‑foot building on a site measuring less than one acre; Four service bays for automotive‑related operations; Includes one office and one bathroom
