Property profile

2015 Pass Rd Biloxi, MS 39531

OFF-MARKET
Retail space
Property ID
US50-0329806
2,360 SF 0.2 ac lot Built 1984
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 2,360 square foot retail property, located at 2015 Pass Rd, Biloxi, MS 39531, is zoned NB-Neighborhood Business and sits on an 8,712 square foot lot. Built in 1984, the building offers significant potential beyond its previous use as a Meineke Muffler Shop. The property features three bays, equipped with substantial lifting equipment: a red Rotary 2-post swing arm lift (9,000+ lbs capacity), a blue Ben Pearson LMT-9 4-post drive-on lift (9,000 lbs capacity), and a yellow Ben Pearson LMT-12 4-post drive-on lift (12,000 lbs capacity). Access is provided by two 10-foot and one 12-foot roll-up doors. The asking price is $199,000, translating to $84.32 per square foot. Its strategic location in Biloxi, Harrison County, presents a unique opportunity for various businesses, potentially capitalizing on the annual Cruzin' the Coast classic car event. The property's size and existing infrastructure offer considerable flexibility for adaptive reuse. This is an exceptional opportunity for an investor seeking a versatile commercial space in a high-traffic area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 2,360 SF
Lot 0.2 ac (8,775 SF)
APN 1210F-03-017.003
UPID US50-0329806

Cap rate & NOI

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

Location

2015 Pass Rd Biloxi, MS 39531-3125
Biloxi metro Census 1207 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

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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