Multi-Unit Storefront
For Sale
$275,000
828 Pass Rd, Gulfport, MS 39501
Renovated commercial space with separate suites, individual utility metering, private restrooms, and B-2 zoning.
Property Size2,612 SF
Price / SF$105.28
Days on Market73
Property Features for 828 Pass Rd
General Information
Standard status
Active
Size
2,612 SF
Zoning
B-2
Amenities
new HVAC system
individual power meter
private restroom
newer roof
large storefront display window
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Coastal Realty Group
Listed By:
Tyler Hoover · License #S60822
(228) 238-4523
Source:
Fiorellaavenue
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 7 at 2:08PM
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 Coastal Realty Group
Investment Insights
Based on property information with market context.
Located at 828 Pass Rd in Gulfport, this 1950 commercial building has been renovated into three separate units. Unit A contains 632 sq ft, Unit B contains 982 sq ft, and Unit C contains 997 sq ft. Each suite includes a new HVAC system, individual power meter, and private restroom. The property also features a newer roof and a large storefront display window. Unit B is leased, adding an existing rental component to the property.
The building is zoned B-2 (Business District) and sits near Gulfport-Biloxi International Airport and Interstate I-10. It shares a common wall with an established neighboring business, placing the property within an active commercial setting on Pass Road.
The building is zoned B-2 (Business District) and sits near Gulfport-Biloxi International Airport and Interstate I-10. It shares a common wall with an established neighboring business, placing the property within an active commercial setting on Pass Road.
Key Highlights
- Three separate units: Unit A 632 sq ft, Unit B 982 sq ft, and Unit C 997 sq ft
- Each unit has a new HVAC system, individual power meter, and private restroom
- Unit B is leased and provides existing rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,489
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,780
$469.8K
Cap Rate 7%
$335,557
$335.6K
Cap Rate 9%
$260,989
$261.0K
Market Conditions
NOI Build-Up for 2,612 SF
Gross rent
$36.7K $14.04/SF
− Vacancy
−$3.1K −$1.19/SF
EGI
$33.6K $12.85/SF
− OpEx
−$10.1K −$3.85/SF
NOI
$23.5K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,780
Cap Rate 7%
$335,557
Cap Rate 9%
$260,989
Alternative Uses
Best Use
Retail
$335.6K
$293.6K – $391.5K
NOI $23,489 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,792 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,725 visits/mo
0.2 miles
Chevron
Shops & Services
2,395 visits/mo
0.3 miles
U-Haul
Shops & Services
1,769 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
435 visits/mo
0.1 miles
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated commercial space with separate suites, individual utility metering, private restrooms, and B-2 zoning.
Where is this storefront property located?
The property is located at 828 Pass Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three separate units: Unit A 632 sq ft, Unit B 982 sq ft, and Unit C 997 sq ft; Each unit has a new HVAC system, individual power meter, and private restroom; Unit B is leased and provides existing rental income
