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    516 Pegram Dr Tupelo, MS 38801

    For Sale
    $1,100,000

    Commerical Property - Tupelo, MS

    Property size:
    5,862 SF
    Lot size:
    0.71 Acres
    Days on Market:
    296
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 516 Pegram Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Size
    5,862 SF
    Lot size
    0.71 Acres

    Building Details

    Year renovated
    1980
    Floors in Building
    1
    Architectural style
    Other

    Tommy Morgan, Inc., Realtors (662) 842-3844 [email protected]

    Listing agent Meredith Martin ABR,AHWD,C2EX (662) 842-3844 License #S-50834

    Listing date Feb 21, 2025

    MLS# 25-568 Listing URL

    Copyright © 2025 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.

    Overview

    Turn Key Medical Building

    This commercial property is a turn-key medical building located steps from the hospital. It features two separate entrances with distinct lobbies, accommodating dual practices. The building includes nine large exam rooms, six bathrooms, and four spacious offices. Multiple work areas are equipped with cabinetry and storage. Additional features include an electrical room, laundry area, and break room. The property benefits from road frontage and a large wrap-around parking lot. A separate 32x12 storage building is also included. The building has a total living area of 5862 square feet and sits on a lot of 0.71 acres. The zoning is commercial, allowing for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dermatology Center Of North ... Dermatologist Houin Jr Jeffrey ... Dermatologist Dr. Bradley N. ... Dermatologist Dr. John D. ... Dermatologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    Pet Wellness Center

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.712352
    Latitude
    34.241141

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    FAQs

    What type of property is this?
    Medical office - Medical building near hospital with dual entrances and ample parking.
    Where is this medical office located?
    The property is located at 516 Pegram Dr Tupelo, MS.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Turn-key medical building near hospital; - Dual entrances and lobbies for separate practices; - Features nine large exam rooms
    (662) 842-3844
    Request Owner's contact information
    516 Pegram Dr Tupelo, MS 38801
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    Tupelo, MS 38801
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    Realmo Value Estimation

    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.

    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.

    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
    516 Pegram Dr Tupelo, MS 38801
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