Nursing Home Campus with Two
Florence, MS 39073 Florence, MS 39073
New
Florence, MS, 39073
$945,000
For Sale
$945,000
COMMERCIAL - Florence, MS
Property Size7,401 SF
Lot Size5.00 Acres
Price / SF$127.69
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 7
- Rooms
- Bedroom 11, Bedroom 12, Bedroom 8, Bedroom 10, Bedroom 7, Bedroom 9, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5
- Standard status
- Active
- Size
- 7,401 SF
- Lot size
- 5.00 Acres
Listing agency
NextHome Realty Experience
(601) 521-2866
Listed by
Ryan Porter · License #B22802
(601) 238-6620
Added: Jul 16 Updated: Jul 20 at 4:00PM Checked: Jul 21 at 12:06PM
MLS# 4143084
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-acre nursing home campus includes two substantial brick homes, each previously used to accommodate large groups. Home 1 features an entry gate, a dining and entertainment room flowing into the kitchen, and six bedrooms with 16 closets, along with three full bathrooms and a dedicated laundry room. Home 2 is within walking distance and offers six oversized bedrooms with 16 closets, three remodeled bathrooms, and a laundry room with hookups for three washers and three dryers. Home 2 also includes two kitchen areas, a spacious dining area, a den with a fireplace, and a screened-in back porch, plus a new central HVAC.
The property also includes three mobile homes behind House 2 that would require rehabilitation before use. Overall, the campus is configured to house 30+ people, with multiple indoor gathering areas and in-home laundry capacity for high-occupancy operations.
The property also includes three mobile homes behind House 2 that would require rehabilitation before use. Overall, the campus is configured to house 30+ people, with multiple indoor gathering areas and in-home laundry capacity for high-occupancy operations.
Key Highlights
- Two 3,000 SF ± brick homes on approximately five acres
- Both homes have updated with new roofs
- House 1: six bedrooms, 16 closets, 3 full bathrooms, and a dedicated laundry room
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.4k | $21.00 |
| − Vacancy | −$16.3k | −$2.21 |
| EGI | $139.1k | $18.80 |
| − OpEx | −$55.6k | −$7.52 |
| NOI | $83.5k | $11.28 |
7,401 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,461 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,099 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nursing homes
Similar For Sale Nearby
FAQs
What type of property is this?
Nursing home - Sprawling five-acre campus with two updated brick homes, providing group lodging capacity and additional mobile homes needing rehab.
Where is this nursing home located?
The property is located at Florence, MS.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Two 3,000 SF ± brick homes on approximately five acres; Both homes have updated with new roofs; House 1: six bedrooms, 16 closets, 3 full bathrooms, and a dedicated laundry room
