Renovated Medical Office
For Sale
$159,900
Pending
130 Darran St, Gulfport, MS 39503
R-O-zoned medical office with exam rooms, patient waiting area, kitchen, and on-site parking.
Property Size1,823 SF
Days on Market236
Property Features for 130 Darran St
General Information
Standard status
Pending
Size
1,823 SF
Zoning
R-O
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,540
Building Details
Year Renovated
2000
Buildings
1
Building Size
1,823 SF
Listing Agency:
Coldwell Banker Alfonso Realty-OS-B/O
(228) 233-6336
Listed By:
Kim R Bush · License #42877
(228) 233-6336
Source:
Exprealty
Added: Jan 7
Changed: Aug 29
Last Checked: Aug 30 at 6:42PM
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-OS-B/O
Investment Insights
Based on property information with market context.
This 1,823 SF medical office building provides a compact clinical layout with four exam rooms, three bathrooms, an office area, and a dedicated waiting room. The floor plan also includes a private physician office with an en-suite bath and shower, a separate employee restroom, and a kitchen. The property was renovated in 2000 with updated wiring and plumbing, and the roof was installed in 2005. Originally built in 1969, the building offers on-site parking and is designated R-O (Residence-Office). Its position adjacent to Singing River Hospital Gulfport places the facility near an established medical anchor, with access to I10 and Hwy 49.
Key Highlights
- 1,823 SF medical office building with four exam rooms
- Three bathrooms, private physician office, waiting room, kitchen, and employee restroom
- Renovated in 2000 with new wiring and plumbing
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 - R-O-zoned medical office with exam rooms, patient waiting area, kitchen, and on-site parking.
Where is this medical office space located?
The property is located at 130 Darran St 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 with four exam rooms; Three bathrooms, private physician office, waiting room, kitchen, and employee restroom; Renovated in 2000 with new wiring and plumbing
