Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2033 Pass Rd Gulfport, MS 39507-3713
    Back to Search
    Property profile & analytics

    2033 Pass Rd Gulfport, MS 39507-3713

    View on Map
    • Strip malls
    • 8,049 SF
    • 0.74 lot acres
    Off-Market
    Last Sale Jun 22, 2020
    Property ID
    US50-0200871
    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

    • HOTWORX- Gulfport, MS / Gym & Fitness Center
    • April Straight, LLC / Alternative Medicine Practice / Spa & Massage Center
    • Tiffany Thomas, LLC / Alternative Medicine Practice / Spa & Massage Center
    • Mack's Therapy / Alternative Medicine Practice / Spa & Massage Center
    • Cashmere Waxing & Massage / Spa & Massage Center / Skin Care Clinic

    Property Details for 2033 Pass Rd

    Year built
    2021
    Lot size
    0.74 lot acres
    Property size
    8,049 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1010G-03-003.002
    APU
    1010G03003002

    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
    -89.0105
    Latitude
    30.4006
    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
    $13,264
    $0.00
    $0.00
    $98,059
    -
    $119,526
    $534,200
    $653,726

    Comparable in this City

    • Value Estimation by Request
      4,448 SF

      423 Pass Rd

      SHOPPING CENTER, STRIP CENTER • 4,448 SF
      423 Pass Rd, Gulfport, MS 39507-2903
      View Details
    • Value Estimation by Request
      3,687 SF

      412 Pass Rd

      SHOPPING CENTER, STRIP CENTER • 3,687 SF
      412 Pass Rd, Gulfport, MS 39507-2809
      View Details
    • Value Estimation by Request
      6,759 SF

      Gulfport, MS 39507

      SHOPPING CENTER, STRIP CENTER • 6,759 SF
      Gulfport, MS 39507
      View Details
    • Value Estimation by Request
      11,074 SF

      520 Pass Rd

      SHOPPING CENTER, STRIP CENTER • 11,074 SF
      520 Pass Rd, Gulfport, MS 39507-3215
      View Details
    • Value Estimation by Request
      11,689 SF

      215 Pass Rd

      SHOPPING CENTER, STRIP CENTER • 11,689 SF
      215 Pass Rd, Gulfport, MS 39507-3027
      View Details
    • Value Estimation by Request
      4,157 SF

      3501 Hewes Ave

      SHOPPING CENTER, STRIP CENTER • 4,157 SF
      3501 Hewes Ave, Gulfport, MS 39507-2913
      View Details

    Similar Nearby for Sale

    • $2,875,000
      59,790 SF

      Gulfport Commercial Space For Sale

      Commercial space for sale with high traffic and prime location.
      380 Pass Rd, Gulfport, MS 39507
      View Details
    • $500,000
      4,395 SF

      Multi-Tenant Shopping Center Opportunity

      Established shopping center in high-traffic Gulfport location for sale.
      1092 Acadian Dr, 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

      Operating Liquor Store For Sale

      Operating liquor store for sale on Pass Road in Gulfport.
      2079 East Pass Rd, Gulfport, MS 39507
      View Details
    • $1,199,900
      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
    • $3,500,000
      64,521 SF

      Gulfport Retail Building - 60,537 SF

      Large retail space, ideal for various uses. Immediate occupancy.
      2001 E Pass Rd, Gulfport, MS 39507
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,524 SF

      Gulfport Retail Space Available

      High-visibility retail space, flexible lease options.
      2 Pass Rd, Gulfport, MS 39507
      View Details
    • $22 SF/Yr
      6,823 SF

      Gulfport Restaurant Space For Lease

      Restaurant space available in The Crossroads Shopping Center.
      10510 Us 49, 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
    • $9,045 /Mo
      21,700 SF

      Commercial Space in Gulfport, MS

      Commercial lease space available with many use options.
      350 Pass Rd, Gulfport, MS 39507
      View Details
    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.
    2033 Pass Rd
    Gulfport, MS 39507-3713
    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
    2033 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!