Medical Center with Three Independent
For Sale
$9,750,000
160 Fountains Boulevard, Madison, MS 39110
Commercial Sale, Madison, MS
Property Size15,967 SF
Lot Size1.71 Acres
Price / SF$131.94
Days on Market93
Property Features for 160 Fountains Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
45
Parking features
Parking Lot
Exterior features
Awning(s), Lighting
Lot features
Level, Level
Directions
I-55 to exit 108/Main Street-Hwy 463, head west for 0.3 miles and turn L. onto Fountains Blvd and building will be on your L.
Standard status
Active
APN
071a-12a-011-05-03
Size
73,898 SF
Lot size
1.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 THE FOUNTAINS OF MADISON PT 2A
Tax Annual Amount
51103
Legal Description
LOT 11 THE FOUNTAINS OF MADISON PT 2A
Amenities
operating rooms
PACU recovery bays
pre-operative bays
procedure room
medical gas infrastructure
covered patient porte-cochere
on-site emergency generator
exam rooms
physician and nurse workstation
private offices
administrative wing
treatment rooms
Building Details
Year built
2017
Floors in Building
1
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Scott Overby · License #B-16214
(601) 624-8511
Added: Jul 19
Changed: Oct 8
Last Checked: Oct 19 at 1:06PM
MLS# 4156418
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.
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Investment Insights
Based on property information with market context.
Built in 2017 on a 1.71-acre parcel, this medical center brings together three independently operable areas around a central glass conservatory. The licensed ambulatory surgical center includes two operating rooms, three PACU recovery bays, two pre-operative bays, and a procedure room, along with medical gas infrastructure, a covered patient drop-off, and an emergency generator. A separate medical office has six exam rooms, a shared physician and nurse workstation, seven private offices, and administrative space. The MediSpa occupies its own suite, with a dedicated entrance and four treatment rooms.
The property holds a Mississippi Ambulatory Surgical Facility license, CMS Medicare ASC certification, and QUAD A accreditation. These credentials may transfer to a qualified acquirer through the standard Change of Ownership process. The offering is subject to existing leases with medical users, providing income in place at closing. The property is located within The Fountains of Madison in Madison, Mississippi.
The property holds a Mississippi Ambulatory Surgical Facility license, CMS Medicare ASC certification, and QUAD A accreditation. These credentials may transfer to a qualified acquirer through the standard Change of Ownership process. The offering is subject to existing leases with medical users, providing income in place at closing. The property is located within The Fountains of Madison in Madison, Mississippi.
Key Highlights
- Three separately operable areas: ambulatory surgical center, medical office, and MediSpa
- Built in 2017 on a 1.71‑acre parcel
- Surgical center includes 2 operating rooms, 3 PACU recovery bays, 2 pre‑operative bays, and 1 procedure room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$880,968
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,619,360
$17.6M
Cap Rate 7%
$12,585,257
$12.6M
Cap Rate 9%
$9,788,533
$9.8M
Market Conditions
NOI Build-Up for 73,898 SF
Gross rent
$1.64M $22.20/SF
− Vacancy
−$172.3K −$2.33/SF
EGI
$1.47M $19.87/SF
− OpEx
−$587.3K −$7.95/SF
NOI
$881.0K $11.92/SF
Area
Madison County, MS
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,619,360
Cap Rate 7%
$12,585,257
Cap Rate 9%
$9,788,533
Alternative Uses
Best Use
Healthcare Medical
$12.59M
$11.01M – $14.68M
NOI $880,968 @ 7.0% cap · market cap 9.04%
Second Best
Office B
$11.23M
$9.82M – $13.10M
NOI $785,961 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$16.09M
$14.08M – $18.77M
NOI $1,126,064 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
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Business Placement
Demographics for 39110, MS
48,474
Population
18,305
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
652
Density / Sq Mi
$122,955
Median Household Income
$62,071
Median Earnings
$1,979
Median Rent
$342,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - A 2017 facility combines a licensed surgical center, a medical office, and a dedicated MediSpa under one roof.
Where is this medical center located?
The property is located at 160 Fountains Boulevard Madison, MS.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Three separately operable areas: ambulatory surgical center, medical office, and MediSpa; Built in 2017 on a 1.71‑acre parcel; Surgical center includes 2 operating rooms, 3 PACU recovery bays, 2 pre‑operative bays, and 1 procedure room
