Professional Office Building For
For Sale
$1,250,000
9344 Three Rivers Road, Gulfport, MS 39503
9,542 SF professional office building near I-10/Hwy 49 interchange.
Property Size9,542 SF
Lot Size0.90 Acres
Price / SF$130
Days on Market695
Property Features for 9344 Three Rivers Road
General Information
Standard status
Active
Size
9,542 SF
Lot size
0.90 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$9,598
Building Details
Year Built
2000
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 287-1000
Listed By:
Sam Ford · License #B4936
(228) 424-8202
Source:
Exitrealty
Added: Nov 19, 2024
Changed: Aug 8
Last Checked: Apr 6 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Alfonso Realty-Lorraine Rd
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Investment Insights
Based on property information with market context.
This 9,542 SF professional office building is available for sale. Constructed of metal with a decorative facade, the property features 40 parking spaces. The building's layout includes a lobby, reception area, 10 offices, a lounge/breakroom, an X-ray room, a conference room, a physical therapy room, 6 storage/file rooms, a meeting/classroom, and a lab. The rear of the property provides staff parking. The property is located directly behind the Super-Walmart on the east side, less than a mile from the I-10/Hwy 49 Interchange, in a neighborhood with numerous medical offices. Currently used as a medical office, the property is suitable for professional office use.
Key Highlights
- Significant Price Reduction: $280,000 price reduction, making it an attractive investment.
- Low Price Per Square Foot: Priced at $130/SF.
- Large Professional Office Building: 9,542 SF suitable for various professional uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,605
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,100
$2.2M
Cap Rate 7%
$1,537,214
$1.5M
Cap Rate 9%
$1,195,611
$1.2M
Market Conditions
NOI Build-Up for 9,542 SF
Gross rent
$200.4K $21.00/SF
− Vacancy
−$21.0K −$2.21/SF
EGI
$179.3K $18.80/SF
− OpEx
−$71.7K −$7.52/SF
NOI
$107.6K $11.28/SF
Area
Harrison County, MS
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,100
Cap Rate 7%
$1,537,214
Cap Rate 9%
$1,195,611
Alternative Uses
Best Use
Healthcare Medical
$1.54M
$1.35M – $1.79M
NOI $107,605 @ 7.0% cap · market cap 8.61%
Second Best
Office B
$1.09M
$950.7K – $1.27M
NOI $76,054 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 9,542 SF professional office building near I-10/Hwy 49 interchange.
Where is this medical office space located?
The property is located at 9344 Three Rivers Road Gulfport, MS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Significant Price Reduction: $280,000 price reduction, making it an attractive investment.; Low Price Per Square Foot: Priced at $130/SF.; Large Professional Office Building: 9,542 SF suitable for various professional uses.
