Property profile

1900 Pass Rd Gulfport, MS 39501

FOR LEASE
Office buildings
Property ID
US50-2012695
7,181 SF 0.45 ac lot Built 1960
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1900 Pass Road, Gulfport, MS 39501, presents a unique investment opportunity. The single-story, 1,000 square foot building sits on a 0.45-acre lot and is classified as a Class C property. Built in 1960, this building offers one suite with multiple spaces ideal for a variety of businesses. The layout includes two private offices, a conference room, two storage areas, and a restroom. The property is zoned B-2 General Business, providing flexibility for various commercial uses. Conveniently located just blocks from Highway 49 (25th Ave), this location offers excellent visibility and accessibility. The building is part of the Peden building complex, offering the potential for prominent signage on Pass Road. Annual property taxes are $7.11 per square foot. The APN is 0811b-06-029.000, and the property is situated in Harrison County. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Lease rate is $750 per month.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 7,181 SF
Lot 0.45 ac (19,575 SF)
APN 0811B-06-029.000
UPID US50-2012695

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor Insurance Agency
  • Discount Store
  • Tax Preparation
  • Alternative Medicine Practice
  • Advertising Agency Marketing & Advertising

Location

1900 Pass Rd Gulfport, MS 39501
Gulfport metro Census 2001 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$380k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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