Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2511 Pass Rd Biloxi, MS 39531-2706

    • Specialty properties
    • 9,099 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0072892
    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.

    Current Use by Public Records

    • Bradford O'Keefe Funeral Homes / Monument Maker / Funeral Director
    • Lang IV a W / Funeral Home
    • Lang III a w Bubba / Funeral Home

    Property Details for 2511 Pass Rd

    Year built
    1985
    Lot size
    1.15 lot acres
    Property size
    9,099 SF
    Property type
    Specialty properties
    APN
    1110G-02-022.000
    APU
    1110G02022000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9834
    Latitude
    30.4005
    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
    $10,161
    $0.00
    $0.00
    $92,568
    -
    $132,181
    $484,940
    $617,121

    Comparable in this City

    • Value Estimation by Request
      3.10 Acres

      2698 Msn Ln

      CHARITABLE ORGANIZATION • 3.10 Acres
      2698 Msn Ln, Biloxi, MS 39531-3531
      View Details
    • Value Estimation by Request
      0.87 Acres

      Rue Palafox

      CHARITABLE ORGANIZATION • 0.87 Acres
      Rue Palafox, Biloxi, MS 39531
      View Details
    • Value Estimation by Request
      2,440 SF

      2629 Pass Rd

      VETERINARY, ANIMAL HOSPITAL • 2,440 SF
      2629 Pass Rd, Biloxi, MS 39531-2729
      View Details
    • Value Estimation by Request
      6,514 SF

      166 Veterans Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,514 SF
      166 Veterans Ave, Biloxi, MS 39531-5310
      View Details
    • Value Estimation by Request
      26,571 SF

      276 Iberville Dr

      Automotive properties • 26,571 SF
      276 Iberville Dr, Biloxi, MS 39531
      View Details
    • Value Estimation by Request
      12,320 SF

      274 Beauvoir Rd

      FUNERAL HOME • 12,320 SF
      274 Beauvoir Rd, Biloxi, MS 39531-4004
      View Details

    Similar Nearby for Sale

    • New
      $40,000
      Pending

      Commercial Property in High Traffic Area

      Located in a high-traffic area close to everything in Biloxi.
      2623 Executive Pl, Biloxi, MS 39531
      View Details
    • $1,600,000
      24,351 SF

      Prime Biloxi Office Building

      High-Yield Office Investment Opportunity
      152 Gateway Dr, Biloxi, MS 39531
      View Details
    • $799,000
      9,877 SF

      Biloxi Commercial Building - Great Potential

      Multi-suite building, high visibility, ample parking.
      2030 Pass Rd, Biloxi, MS 39531
      View Details
    • $799,000
      9,877 SF

      Biloxi Mixed-Use Investment Opportunity

      Prime Office Building, Multi-Tenant Income
      2030 Pass Rd, Biloxi, MS 39531
      View Details
    • $150,000
      0.21 Acres

      Waterfront Lot Ready to Build

      Waterfront lot with direct access to Back Bay.
      Melissa Dr, Biloxi, MS 39531
      View Details
    • $65,000
      0.35 Acres

      Residential Land in Desirable Location

      Great lot in Biloxi, near amenities and the beach.
      410 Goose Pointe Blvd, Biloxi, MS 39531
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5,358 SF

      Retail Space in Biloxi Center

      Retail space available in Edgewater Village Shopping Center.
      2650 Beach Blvd, Biloxi, MS 39531
      View Details
    • $147 SF/Yr
      2,350 SF

      Prime Harrison County Office Space

      2,350 sq ft, 8 offices, great location
      2318 Pass Rd, Biloxi, MS 39531
      View Details
    • $2,000 /Mo
      1,800 SF

      Prime Commercial Space Available

      High-visibility commercial space for lease in West Biloxi.
      2575 Pass Rd Lot, Biloxi, MS 39531
      View Details
    • $29 SF/Yr
      1,800 SF

      Retail Space in High-Traffic Area

      Prime retail space in a high-visibility Biloxi location.
      2404 Pass Rd, Biloxi, MS 39531
      View Details
    • $1,550 /Mo
      1,350 SF

      Office Space in Oak Park

      Office space available for rent in Biloxi, Mississippi.
      2541 Pass Rd, Biloxi, MS 39531
      View Details
    • $8 SF/Yr
      125,373 SF

      Edgewater Square: Biloxi Retail Center

      125,000 SF Retail Center, Redevelopment underway
      280 Eisenhower Dr, Biloxi, MS 39531
      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.
    2511 Pass Rd
    Biloxi, MS 39531-2706
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.