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    Magee Medical Office Building Title is generated by Realmo AI

    360 Simpson Hwy 149 lot 399, Magee, MS 39111

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    For Lease
    $883/Mo $15 SF/Yr (calc)

    COMMERCIAL - Magee, MS

    Type:Office
    Property size:
    706 SF
    Added:
    Jan 27, 2025
    Days on Market:
    481
    Last Refresh:
    May 23 at 2:06 am

    Property Features for 360 Simpson Hwy 149 lot 399

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    Unassigned
    Size
    706 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    .

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Scott Overby
    Scott Overby

    Listing agent Scott Overby License #B-16214

    Listing office Overby, Inc. 800 Woodlands Pkwy Ste 206, Jackson, MS

    Listing date Jan 27, 2025

    MLS# 4102044

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Full service leases with daily janitorial and utilities included.
    • Variety of space configurations available, including traditional clinic and general office.
    • First floor vacancy includes former pharmacy with drive through.
    • Traditional medical clinic spaces available.
    • Medical related general office spaces available.
    • Built in 2010.

    Overview

    This full-service medical office building in Magee, MS, offers a variety of space configurations suitable for traditional clinic space as well as general office use. The first floor includes a former pharmacy with a drive-through. Traditional medical clinic and medical-related general office spaces are available on the second and third floors. The property offers 706 square feet of office space. Leases are full service, including daily janitorial services and utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magee After Hours ... Medical Clinic Dr. Frank C. ... Pediatrician Magee Medical & Surgical ... Medical Clinic Miller Family Care Medical Clinic Smith Kelli MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Emergency Veterinary Clinic of Magee — 1660 US 49, Magee, MS 39111
    • Magee Veterinary Hospital LLC — 761 Simpson Hwy 149, Magee, MS 39111
    • Central Mississippi Veterinary Clinic, P.C. — 1660 US 49, Magee, MS 39111
    • Central Mississippi Spay and Neuter Clinic — 1660 US 49, Magee, MS 39111
    • Williams J Robin DVM — 8347 Franklin Dr, Magee, MS 39111

    Location Insight

    • Map
    • Local Demand
    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.729103
    Latitude
    31.871068

    Nearby Similar for Lease

    • $6,130/Mo
      4,904 SF

      Magee Medical Office Building

      Full-service medical office building with various space configurations for rent.
      360 Simpson Hwy 149 lot: 140, Magee, MS 39111
      View Details
    • $479/Mo
      383 SF

      Magee Medical Office Space Available

      Full-service medical office building with various space configurations for rent.
      360 Simpson Hwy 149 lot: 340, Magee, MS 39111
      View Details
    • $6,568/Mo
      5,254 SF

      Magee Medical Office Space Available

      Full-service medical office building with various space configurations for rent.
      360 Simpson Hwy 149 lot: 370, Magee, MS 39111
      View Details
    • Contact for pricing
      3,600 SF

      Freestanding Retail Building on Highway 49

      3,600 SF retail/office building with excellent visibility and parking.
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      Retail Space with Highway Frontage

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    FAQs

    What type of property is this?
    Medical Office Space - Full-service medical office building with various space configurations for lease.
    Where is this medical office space located?
    The property is located at 360 Simpson Hwy 149 lot 399 Magee, MS.
    What is the lease rate?
    The lease rate is $883 /Mo.
    What are key features of this property?
    This property features: Full service leases with daily janitorial and utilities included.; Variety of space configurations available, including traditional clinic and general office.; First floor vacancy includes former pharmacy with drive through.
    (601) 624-8511
    We can help!
    Listing Contact
    Scott Overby
    Scott Overby
    Real Estate License ID: B-16214
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    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.

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