Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1733 Pass Rd Gulfport, MS 39507-3529
    Property profile & analytics

    1733 Pass Rd, Gulfport, MS 39507-3529

    View on Map
    • Grocery and convenience stores
    • 772 SF
    • 7.90 lot acres
    Off-Market
    Property ID
    US50-0314235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Pet Services / Kennel & Boarding Facility
    • Ria Money Transfer - Walmart / Bank / Credit Union
    • Walmart House Cleaning Services / Hardware & Home Improvement
    • Walmart Home Theater Installation / Electrical Service / General Contractor
    • Walmart Home Services / Social Service Agency

    Property Details for 1733 Pass Rd

    Year built
    2015
    Lot size
    7.90 lot acres
    Property type
    Grocery and convenience stores
    APN
    1010F-03-001.000
    APU
    1010F03001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0193
    Latitude
    30.3995
    CBSA code
    25060
    CBSA name
    GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $80,040
    $0.00
    $0.00
    $591,705
    -
    $1,533,312
    $2,411,387
    $3,944,699

    Comparable in this City

    • Value Estimation by Request
      2,508 SF

      2354 Pass Rd

      CONVENIENCE STORE
      2354 Pass Rd, Gulfport, MS 39507-3805
      View Details
    • Value Estimation by Request
      48,450 SF

      1444 Pass Rd

      GROCERY, SUPERMARKET
      1444 Pass Rd, Gulfport, MS 39507-3521
      View Details
    • Value Estimation by Request
      1,686 SF

      1925 Pass Rd

      CONVENIENCE STORE
      1925 Pass Rd, Gulfport, MS 39507-3716
      View Details
    • Value Estimation by Request
      1,544 SF

      2251 Pass Rd

      CONVENIENCE STORE
      2251 Pass Rd, Gulfport, MS 39507-3804
      View Details
    • Value Estimation by Request
      1,595 SF

      401 Pass Rd

      CONVENIENCE STORE
      401 Pass Rd, Gulfport, MS 39507-3237
      View Details
    • Value Estimation by Request
      2,748 SF

      2090 Pass Rd

      CONVENIENCE STORE
      2090 Pass Rd, Gulfport, MS 39507-3718
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Operating Liquor Store For Sale

      Operating liquor store for sale on Pass Road in Gulfport.
      2079 East Pass Rd, Gulfport, MS 39507
      View Details
    • $550,000
      Pending

      Income-Producing Commercial Opportunity

      Three-unit commercial building with additional lot, generating immediate income.
      238 Courthouse Rd, Gulfport, MS 39507
      View Details
    • Contact for pricing
      13,757 SF

      Dealership Property with Auto Services

      Operating dealership on 4.3 acres with two buildings.
      622 E Pass Rd, Gulfport, MS 39507
      View Details
    • $550,000
      3,325 SF

      Retail Building on Pass Road

      Established retail building on high-traffic Pass Road in Gulfport, MS.
      1639 E Pass Rd, Gulfport, MS 39507
      View Details
    • $450,000
      Pending

      Income-Producing Commercial Opportunity

      Three-unit commercial building generating revenue with a 7% cap rate.
      238 Courthouse Rd, Gulfport, MS 39507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,045 SF

      Retail Hub in Gulfport MSA

      Historic retail space near Gulfport High School for lease.
      105 Hardy Court Shopping Ctr, Gulfport, MS 39507
      View Details
    • $1,425 /Mo
      1,425 SF

      Commercial Space in Gulfport, MS

      Commercial lease space available in Gulfport, Mississippi.
      380 Pass Rd, Gulfport, MS 39507
      View Details
    • $1,142 /Mo
      1,142 SF

      Gulfport Commercial Space Available

      Commercial lease space suitable for various business types.
      376 Pass Rd, Gulfport, MS 39507
      View Details
    • $2,350 /Mo
      3,525 SF

      Gulfport Commercial Space For Lease

      Commercial lease space ideal for retail, office, or restaurant.
      330 Pass Rd, Gulfport, MS 39507
      View Details

    Property Visit Statistics

    • Visits by month
      89.5k
    • Visitors by month
      37.4k
    • Avg Time on site
      21 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1733 Pass Rd
    Gulfport, MS 39507-3529
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1733 Pass Rd, Gulfport, MS, 39507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!