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Property profile & analytics
OFF-MARKET
Office Spaces

120 Scarbrough St Richland, MS 39218-9797

14,081 SF 0.97 ac lot Built 1993
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US50-0031153
Property summary
AI-generated overview

This Class A, 12,885-square-foot medical office building in Richland, Mississippi, presents a unique owner-user opportunity. Located at the prominent intersection of Scarbrough Street and US 49, this single-story building sits on a 2.09-acre lot and boasts a completely renovated interior and exterior. Improvements include a new roof, paint, carpeting, flooring, lighting, and HVAC system. The parking and drive areas feature new asphalt and striping. The building is fully sprinklered. The interior comprises 8,577 square feet of built-out medical offices, including individual exam rooms, x-ray rooms, conference rooms, multiple nurses' stations, medical records rooms, and a spacious waiting area. A new medical lease is in place for this section. Additionally, there are 3,073 square feet of professional office/retail space with a new lease, and a 1,205-square-foot retail space currently leased to a dental tenant. The asking price is $1,795,000, translating to $139.31 per square foot. This property offers a compelling investment for medical professionals or investors seeking a high-quality, turnkey medical facility in a thriving Mississippi market. The building's prime location and recent renovations ensure strong potential for long-term growth and profitability.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1993
Total area 14,081 SF
Lot 0.97 ac (42,253 SF)
APN D06K000022 00010
UPID US50-0031153
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
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
Siwell Road Invs LLC · 20 yrs held
Siwell Road Invs LLC
since 2006
2 recorded transactions
2025
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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