Dealership Property with Auto
For Sale
Contact for pricing
622 E Pass Road, Gulfport, MS 39507
Operating dealership on 4.3 acres with two buildings.
Property Size13,757 SF
Lot Size4.30 Acres
Price / SF$87.22
Days on Market1408
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Property Features for 622 E Pass Road
General Information
Standard status
Active
Size
13,757 SF
Lot size
4.30 Acres
Property subtype
Special Purpose, Land
Listing Agency:
Century 21 J. Carter & Company
Listed By:
Ashley Endris · License #MS
(228) 547-4762
Source:
Crexi
Added: Dec 7, 2022
Changed: Oct 1
Last Checked: Oct 14 at 11:26PM
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 Century 21 J. Carter & Company
Investment Insights
Based on property information with market context.
This property, currently operating as a dealership, is situated in a location with over 22,000 daily traffic counts. The site encompasses 4.3 acres and features two buildings. The first building measures 10,085 square feet and includes a showroom floor, seven offices, four restrooms, four car bays equipped with four post lifts, a service area, a waiting area, a parts department, and storage space. The second building, located in the rear, spans 3,672 square feet and has been utilized as a paint and body shop. It includes a fully operable paintbox, an office, and one restroom. The property is zoned T4.
Key Highlights
- High‑traffic location with over 22,000 daily traffic count, ideal for business visibility.
- Large 4.3‑acre property with two buildings totaling 13,757 sqft.
- Main building (10,085 sqft) features a showroom, seven offices, four restrooms, and four car bays with lifts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,729
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,580
$1.4M
Cap Rate 7%
$981,843
$981.8K
Cap Rate 9%
$763,656
$763.7K
Market Conditions
NOI Build-Up for 13,757 SF
Gross rent
$107.3K $7.80/SF
− Vacancy
−$9.1K −$0.66/SF
EGI
$98.2K $7.14/SF
− OpEx
−$29.5K −$2.14/SF
NOI
$68.7K $5.00/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,580
Cap Rate 7%
$981,843
Cap Rate 9%
$763,656
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.06M
NOI $123,711 @ 7.0% cap · market cap 10.31%
Second Best
Industrial
$981.8K
$859.1K – $1.15M
NOI $68,729 @ 7.0% cap · market cap 5.73%
Theoretical Best
Healthcare Medical
$2.22M
$1.94M – $2.59M
NOI $155,138 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
72k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 31%
Superstores 18%
Home Improvements & Furnishings 3%
Circle K
Shops & Services
17,187 visits/mo
0.4 miles
McDonald's
Dining
14,879 visits/mo
0.5 miles
Big Lots
Superstores
12,864 visits/mo
0.5 miles
Wendy's
Dining
9,740 visits/mo
0.4 miles
Smoothie King
Dining
7,346 visits/mo
0.3 miles
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
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
Similar Off Market Nearby
- Power Source South — 360 Tegarden Rd, Gulfport, MS 39507
- Auto-Md — 3244 F Ave, Gulfport, MS 39507
- AMELIAS TIRES — 301 Pass Rd, Gulfport, MS 39507
- Hurst Automotive — 293 32nd 1/2 St, Gulfport, MS 39507
- PINNACLE PROTECTION SOLUTIONS — 21 Pass Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Auto shop - Operating dealership on 4.3 acres with two buildings.
Where is this auto shop located?
The property is located at 622 E Pass Road Gulfport, MS.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: High‑traffic location with **over 22,000 daily traffic count**, ideal for business visibility.; Large 4.3‑acre property with two buildings totaling 13,757 sqft.; Main building (10,085 sqft) features a showroom, seven offices, four restrooms, and **four car bays with lifts**.
