2030 Pass Road offers nearly 10,000 SF of flexible office/retail space in a high-visibility Biloxi location, priced below replacement cost and offering strong cash flow today with room to grow.
The property is currently divided into three suites:
Suite A (4,040 SF): Occupied by an engineering firm; renovated in 2006–2007.
Suite B (1,554 SF): Currently unfinished, offering a blank canvas for a new tenant or an owner-user.
Suites C & D (4,400 SF): Operating as a daycare; renovated in 2010.
The property generates $78,000 in annual income as-is with a current NOI of $58,200. For investors, there is clear value-add upside by leasing Suite B and restructuring leases, with cap rates projected to exceed 10%. For an owner-user, the property offers the ability to occupy space while rental income offsets operating costs.
Property Highlights:
9,994 SF total on 0.69 acres
Parking: 10 spaces in front, 23 spaces in rear
Roofs replaced 7–15 years ago; HVAC units range 1–15 years old
High-traffic Pass Road location with excellent visibility
Priced at $689,000 ($69/SF) — well below 2017 appraisal of nearly $1M
The seller is motivated and will consider all offers.
Three suites are currently tenant-occupied with month-to-month leases. Suite A is currently leased by an engineering firm and Suites C and D are leased by a childcare facility. Suite B could easily be completed and customized for a variety of tenants OR it could also be merged with Suites A and C and the entire building could be connected. Front and rear parking has over 30 total spaces.
Suite A includes built-in shelving throughout the unit and multiple office spaces. There is a lobby, four executive offices, large board room, open area for cubicles or other administrative needs, and a kitchen area. One office has a server room/concrete shelter, two offices contain private bathrooms, one of which is a full bathroom with shower. There are four total bathrooms in this suite.
Suite B is currently being used for storage and is laid out as a warehouse. 1-2 bathrooms could be added.
Suite C and D (currently set up as a daycare) has multiple rooms, offices, 3 bathrooms, kitchen areas, additional plumbing and w/d connections.
The building has four new HVAC units and insulation. Nice ENERGY STAR Qualified Windows. With so many possibilities, this is definitely one to see in person! Perfect for investors or even an owner user.