Dealership Property with Auto
622 E Pass Road Gulfport, MS 39507
Operating dealership on 4.3 acres with two buildings.
Type:Special Purpose, Land
Property size:
13,757 SFLot size:
4.30 AcresPrice / SF:
$87/SF- Added:
- Dec 7, 2022
- Days on Market:
- 1311
- Last Refresh:
- May 19 at 9:20 pm
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 office Century 21 J. Carter & Company (228) 547-4762
Listing date Dec 7, 2022
Source Crexi
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.3k | $7.80 |
| − Vacancy | −$9.1k | −$0.66 |
| EGI | $98.2k | $7.14 |
| − OpEx | −$29.5k | −$2.14 |
| NOI | $68.7k | $5.00 |
13,757 SF · lease $7.80/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Freedom Auto Care
Auto Repair Shop
Freedom Motors
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- American Glass Services — Gulfport, MS 39507
- Vice auto and detailing llc — 635 Oakleigh Ave, Gulfport, MS 39507
- American Glass Services LLC — 2234 e pass rd, gulfport, ms 39507
- Coast Window Coverings — 2221 E Pass Rd #0, Gulfport, MS 39507
- Irigation shop — 2770 Mission Ln, Biloxi, MS 39531
FAQs
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**.
