Technical
Financial
Distress signals
Property profile

622 E Pass Rd Gulfport, MS 39507

FOR SALE
Automotive properties
Property ID
US50-0144581
10,800 SF 4.3 ac lot Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Gulfport, Mississippi, presents a unique investment opportunity. Located at 622 E Pass Road, this 4.3-acre site boasts a high-traffic count of over 22,000 vehicles daily, making it ideal for a variety of businesses. The property includes two buildings totaling 13,757 square feet. The main building, spanning 10,085 square feet, features a showroom, seven offices, four restrooms, four car bays equipped with four-post lifts, a service area, a waiting area, a parts department, and ample storage space. The second building, situated at the rear of the property, offers 3,672 square feet and has previously served as a paint and body shop. This building includes a fully operational paint booth, an office, and one restroom, all of which remain with the sale. The property is currently zoned T4+, offering flexibility for various commercial uses. The asking price is $1,199,900. This property's prime location and versatile buildings make it an attractive investment for discerning buyers seeking a high-traffic, established commercial space in a thriving Mississippi market. The property is located in Harrison County, Mississippi, with a zip code of 39507.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1978
Total area 10,800 SF
Lot 4.3 ac (187,308 SF)
APN 0910I-01-069.000
UPID US50-0144581

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
  • Auto Repair Shop Vehicle Inspection Center
  • Car Dealership

Location

622 E Pass Rd Gulfport, MS 39507
Gulfport metro Census 1702 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2017
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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