Three-Building Medical Office
For Sale
$6,250,000
14213 Cook Road, Biloxi, MS 39532
Commercial Sale, Biloxi, MS
Property Size19,528 SF
Lot Size1.56 Acres
Price / SF$320.05
Days on Market154
Property Features for 14213 Cook Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Standard status
Active
APN
0-71-60-276.025
Size
19,528 SF
Lot size
1.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG SEC TR 185 SUBURBAN AC S/D N 661.5' TO S/M COOK RD N 89* W ALG S/M RD 30' S 286.15' N 89* W300.2' S 376.76' S 89* E 330.44'TO POB BEING PT 185 SUBURBAN AC S/D DB 1812-392 (197 MAP791.12)
Tax Annual Amount
17214
Legal Description
BEG SEC TR 185 SUBURBAN AC S/D N 661.5' TO S/M COOK RD N 89* W ALG S/M RD 30' S 286.15' N 89* W300.2' S 376.76' S 89* E 330.44'TO POB BEING PT 185 SUBURBAN AC S/D DB 1812-392 (197 MAP791.12)
Building Details
Year built
2014
Listing Agency:
Century 21 Busch Realty Group · Century 21 Real Estate
(228) 324-1715
Listed By:
Kacie P Denny · License #S52981
(228) 216-0438
Added: Apr 8
Changed: Aug 26
Last Checked: Sep 8 at 4:06PM
MLS# 4145201
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.
Built in 2014, this medical office complex comprises three professional buildings totaling 19,528 square feet on 1.56 acres. The buildings are configured for healthcare operations and are fully leased. Interior features include patient reception areas, exam rooms, nursing stations, administrative offices, break areas, kitchens, and separate entrances.
Building 1 contains 10,272 square feet across two levels, with a lead-lined wall system, elevator, seven exam rooms, two large medical suites, and additional office and support areas. Building 2 measures 5,156 square feet and includes eight exam rooms, a reception area, nurses station, offices, and additional rooms. Building 3 provides 4,500 square feet with a large reception area and several offices. The property includes 14209 Cook Rd, 14213 Cook Rd, and 14219 Cook Road in Biloxi, with access to major thoroughfares and nearby residential, healthcare, and retail areas.
Building 1 contains 10,272 square feet across two levels, with a lead-lined wall system, elevator, seven exam rooms, two large medical suites, and additional office and support areas. Building 2 measures 5,156 square feet and includes eight exam rooms, a reception area, nurses station, offices, and additional rooms. Building 3 provides 4,500 square feet with a large reception area and several offices. The property includes 14209 Cook Rd, 14213 Cook Rd, and 14219 Cook Road in Biloxi, with access to major thoroughfares and nearby residential, healthcare, and retail areas.
Key Highlights
- Three‑building medical office complex totaling 19,528 square feet
- Fully leased across all three medical office buildings
- Situated on 1.56 acres along Cook Road in Biloxi
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
$220,217
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
3.52%
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%
$4,404,340
$4.4M
Cap Rate 7%
$3,145,957
$3.1M
Cap Rate 9%
$2,446,856
$2.4M
Market Conditions
NOI Build-Up for 19,528 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
$410.1K $21.00/SF
− Vacancy
−$43.1K −$2.21/SF
EGI
$367.0K $18.80/SF
− OpEx
−$146.8K −$7.52/SF
NOI
$220.2K $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 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%
$4,404,340
Cap Rate 7%
$3,145,957
Cap Rate 9%
$2,446,856
Alternative Uses
Best Use
Healthcare Medical
$3.15M
$2.75M – $3.67M
NOI $220,217 @ 7.0% cap · market cap 3.52%
Second Best
Office B
$2.22M
$1.95M – $2.59M
NOI $155,646 @ 7.0% cap · market cap 2.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fully leased healthcare campus with exam rooms, reception areas, and administrative offices across three professional buildings.
Where is this medical center located?
The property is located at 14213 Cook Road Biloxi, MS.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Three‑building medical office complex totaling 19,528 square feet; Fully leased across all three medical office buildings; Situated on 1.56 acres along Cook Road in Biloxi
