Renovated Medical Office
For Sale
$159,900
Pending
130 Darran Street, Gulfport, MS 39503
Commercial Sale, Gulfport, MS
Property Size1,823 SF
Lot Size0.26 Acres
Days on Market234
Property Features for 130 Darran Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bedrooms
9
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 9, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Subdivision
Bel-Aire
Lot features
Corner Lot, Level, Corner Lot, Level
Standard status
Pending
APN
0808n-02-075.000
Size
1,823 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 16 BLK 15 BEL-AIRE SUBD 6TH ADD
Tax Annual Amount
2540
Legal Description
LOT 16 BLK 15 BEL-AIRE SUBD 6TH ADD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Flooring type
Vinyl
Listing Agency:
Coldwell Banker Alfonso Realty-OS-B/O · Coldwell Banker Real Estate
(228) 875-1272
Listed By:
Kim R Bush · License #S42877
(228) 233-6336
Added: Jan 7
Changed: Aug 26
Last Checked: Aug 29 at 1:06AM
MLS# 4135386
Copyright © 2026 MLS United. 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 1,823-square-foot medical office building offers a practical layout for a small practice, with four exam rooms, three bathrooms, a waiting room, and dedicated office areas. The configuration also includes a private doctor’s office with an en-suite bath and shower, a separate employee restroom, and a kitchen. Vinyl flooring is installed throughout the property.
Built in 1969 and renovated in 2000 with updated wiring and plumbing, the building also has a roof installed in 2005. The property occupies 0.26 acres, provides on-site parking, and is served by public water and public sewer. It is zoned R-O (Residence-Office) and sits adjacent to Singing River Hospital Gulfport, with access to I-10 and Hwy 49.
Built in 1969 and renovated in 2000 with updated wiring and plumbing, the building also has a roof installed in 2005. The property occupies 0.26 acres, provides on-site parking, and is served by public water and public sewer. It is zoned R-O (Residence-Office) and sits adjacent to Singing River Hospital Gulfport, with access to I-10 and Hwy 49.
Key Highlights
- 1,823 SF medical office building on 0.26 acres
- Four exam rooms and three bathrooms
- Private doctor’s office with en‑suite bath and shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,530
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,600
$290.6K
Cap Rate 7%
$207,571
$207.6K
Cap Rate 9%
$161,444
$161.4K
Market Conditions
NOI Build-Up for 1,823 SF
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.
Gross rent
$23.6K $12.96/SF
− Vacancy
−$4.3K −$2.33/SF
EGI
$19.4K $10.63/SF
− OpEx
−$4.8K −$2.66/SF
NOI
$14.5K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,600
Cap Rate 7%
$207,571
Cap Rate 9%
$161,444
Alternative Uses
Best Use
Healthcare Medical
$293.7K
$257.0K – $342.6K
NOI $20,558 @ 7.0% cap · market cap 12.86%
Second Best
Office B
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 9.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
926
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical operations with exam rooms, patient waiting area, private office, kitchen, and on-site parking.
Where is this medical office space located?
The property is located at 130 Darran Street Gulfport, MS.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1,823 SF medical office building on 0.26 acres; Four exam rooms and three bathrooms; Private doctor’s office with en‑suite bath and shower
