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Property profile & analytics
OFF-MARKET
Medical Office Space

1201 31st Ave Gulfport, MS 39501-1847

5,190 SF 0.43 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US50-0339150
Property summary
AI-generated overview

This exceptional 5,243 square foot medical office building is ideally situated at 1201 31st Avenue in Gulfport, Mississippi. Boasting a prime location near Highway 90 and directly across from an outpatient surgery center, this attractive brick building presents a unique investment opportunity. The property features a convenient enclosed courtyard, a substantial parking lot with 20+ spaces, and is easily adaptable to house two separate medical practices or businesses. Internal amenities include a kitchen, four restrooms, four HVAC units, a security system, and a secure safe room. Additional space is available in a large, semi-finished attic. Accessibility is enhanced by a convenient ramp entrance. The building benefits from a recently installed roof (less than 3 years old) and is located in a flood zone X area. The property sits on a 0.43-acre lot. Currently leased until April 30th, 2025, this presents a strong income stream for the investor. The zoning designation is T4+. Limited showing times are available due to the current lease. The asking price for this turnkey property is $860,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 5,190 SF
Lot 0.43 ac (18,750 SF)
APN 0811L-04-115.000
UPID US50-0339150
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Peter Casano, MD Physician
  • Memorial Physician Clinics ENT Medical Clinic
  • Sophia Omoro MD, PhD Physician
  • Dr. Peter Casano, Memorial ENT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ria Propertiez Az LLC · 3 yrs held
Ria Propertiez Az LLC
since 2023
2 recorded transactions
2023
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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