Tupelo Commercial Property For
1464 Medical Park Cr., Tupelo, MS 38801
Commerical Property - Tupelo, MS
Property size:
5,456 SFLot size:
0.90 AcresPrice / SF:
$145/SF- Added:
- Oct 31, 2025
- Days on Market:
- 199
- Last Refresh:
- May 17 at 5:06 pm
Property Features for 1464 Medical Park Cr.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Interior features
- Street-side sign
- Standard status
- Active
- Size
- 5,456 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16849
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
Building Details
- Year renovated
- 2007
- Floors in Building
- 1
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Stone
- Roof type
- Metal, Rubber
- Architectural style
- Other
Listing agent DUKE LODEN License #B-13789 (662) 321-9173
Listing office COLDWELL BANKER SOUTHERN REAL ESTATE 3543 Tom Watson Dr., Saltillo, MS 38866, Saltillo, MS (662) 620-2232
Listing date Oct 31, 2025
MLS# 25-782
Listing URL
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Conveniently located just 1/2 mile from NMMC Hospital, perfect for medical professionals.
- Adaptable space ideal for medical clinic or office building conversion.
- Benefit from substantial brick and stone masonry exterior walls (17 inches thick) providing excellent insulation.
- Remodeled in 2007, offering updated features and functionality.
- Includes specialized rooms such as exam rooms and an X‑ray room with equipment.
- Features two breakrooms, laundry room with almost new washer and dryer, and handicap accessible restrooms.
Overview
This commercial property, originally built in 1986 and remodeled in 2007, presents a versatile opportunity for medical or general office use. Previously operated as a medical clinic, the building offers convenient access, located just a half-mile from the NMMC Hospital. The structure features well-insulated 17-inch thick exterior walls constructed of brick and stone masonry. The interior, totaling 5456 square feet, is fully air-conditioned and includes sheetrock walls, suspended tile ceilings at 8 and 9 feet, and a mix of vinyl and carpet flooring. The layout comprises a large waiting room equipped with a TV and a separate children's playroom, four exam rooms, four offices, and two executive offices. Specialized spaces include an X-ray room with equipment, two breakrooms, two handicap-accessible restrooms, and one private restroom. Additional amenities include a laundry room with a nearly new washer and dryer, three large rooms, a corner conference room, and multiple storage rooms and closets. The property is located in Tupelo, MS, on a 0.9-acre lot.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$566.4K
NOI $50,980 @ 9.00% cap · cautious / downside scenario
Moderate
$728.3K
NOI $50,980 @ 7.00% cap · market / base-case scenario
Aggressive
$1.02M
NOI $50,980 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.9k | $17.40 |
| − Vacancy | −$10.0k | −$1.83 |
| EGI | $85.0k | $15.57 |
| − OpEx | −$34.0k | −$6.23 |
| NOI | $51.0k | $9.34 |
5,456 SF · lease $17.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$728.3K
$637.3K – $849.7K
NOI $50,980 @ 7.0% cap · market cap 6.41%
Second Best
Office B
$683.9K
$598.5K – $797.9K
NOI $47,876 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.02M
$896.6K – $1.20M
NOI $71,726 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tupelo Bone & Joint ...
Physician
James White
Physician
James Lafayette White
Physician
Clyde Bennett Phillips
Physician
Similar Places Nearby
- Pet Wellness Center — 931 S Green St, Tupelo, MS 38804
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.716242
- Latitude
- 34.236531
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Versatile commercial building near NMMC Hospital, suitable for medical or office.
Where is this medical office space located?
The property is located at 1464 Medical Park Cr. Tupelo, MS.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Conveniently located just 1/2 mile from NMMC Hospital, perfect for medical professionals.; Adaptable space ideal for medical clinic or office building conversion.; Benefit from substantial brick and stone masonry exterior walls (17 inches thick) providing excellent insulation.
