Ambulatory Surgical Center and Medical
160 Fountains Boulevard Madison, MS 39110
New
160 Fountains Boulevard, Madison, MS, 39110
$9,750,000
For Sale
$9,750,000
COMMERCIAL - Madison, MS
Property Size73,898 SF
Lot Size1.71 Acres
Price / SF$131.94
Days on Market2
Property Features for 160 Fountains Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 45
- 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
Building Details
- Year built
- 2017
- Floors in Building
- 1
Listing Agency
Overby, Inc.
(601) 366-8511
800 Woodlands Pkwy Ste 206, Jackson, MS
Listed by
Scott Overby · License #B-16214
(601) 624-8511
Added: Jul 19 Checked: Jul 20 at 1:06 pm
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.
Investment Insights
Based on property information with market context.
160 Fountains Boulevard is a 15,967+/- SF Class A ambulatory surgical center constructed in 2017 within The Fountains of Madison mixed-use development. The facility is configured as three independently operable components connected by a climate-controlled glass conservatory, including a 7,364+/- SF licensed ambulatory surgical center, a 6,168+/- SF fully built-out medical office, and a 1,451+/- SF MediSpa suite. Each component provides its own entrance and reception area with dedicated patient flow.
The ambulatory surgical center includes two operating rooms, three PACU recovery bays, two pre-operative bays, and one procedure room, along with scrub sink room, central nursing and supply stations, full medical gas infrastructure, covered patient porte-cochere, and an on-site emergency generator. The medical office features six exam rooms, seven private offices, a conference room, physician and nurse workstations, and administrative support space. The MediSpa suite has four treatment rooms and a dedicated entrance, with an additional 984+/- SF heated and cooled glass conservatory for reception, gathering, or flexible use.
The property currently holds an active Mississippi Certificate of Need (CON), Mississippi Ambulatory Surgical Facility license, CMS Medicare ASC certification, and QUAD A accreditation; transfer is subject to applicable governmental requirements and change of ownership procedures. Medical, surgical, and operational equipment and fixtures necessary for facility operation are included in the sale.
The ambulatory surgical center includes two operating rooms, three PACU recovery bays, two pre-operative bays, and one procedure room, along with scrub sink room, central nursing and supply stations, full medical gas infrastructure, covered patient porte-cochere, and an on-site emergency generator. The medical office features six exam rooms, seven private offices, a conference room, physician and nurse workstations, and administrative support space. The MediSpa suite has four treatment rooms and a dedicated entrance, with an additional 984+/- SF heated and cooled glass conservatory for reception, gathering, or flexible use.
The property currently holds an active Mississippi Certificate of Need (CON), Mississippi Ambulatory Surgical Facility license, CMS Medicare ASC certification, and QUAD A accreditation; transfer is subject to applicable governmental requirements and change of ownership procedures. Medical, surgical, and operational equipment and fixtures necessary for facility operation are included in the sale.
Key Highlights
- 2017‑built 15,967+/- SF Class A ambulatory surgical center in The Fountains of Madison mixed‑use development
- 3 independently operable components: 7,364+/- SF ambulatory surgical center, 6,168+/- SF medical office, and 1,451+/- SF MediSpa suite
- Ambulatory surgical center includes 2 operating rooms, 3 PACU recovery bays, 2 pre‑operative bays, and 1 procedure room
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.64M | $22.20 |
| − Vacancy | −$172.3k | −$2.33 |
| EGI | $1.47M | $19.87 |
| − OpEx | −$587.3k | −$7.95 |
| NOI | $881.0k | $11.92 |
73,898 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$12.59M
$11.01M – $14.68M
NOI $880,968 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Madison Spine Surgery ...
Medical Clinic
Erica Bass
Physician
Dr. Emile Picarella
Physician
Dr. William Jackson
Physician
Dr. Somjade Jay ...
Physician
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FAQs
What type of property is this?
Medical center - Class A 2017 ambulatory surgical center with separate surgical, medical office, and MediSpa components and climate-controlled conservatory.
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: 2017‑built 15,967+/- SF Class A ambulatory surgical center in The Fountains of Madison mixed‑use development; 3 independently operable components: 7,364+/- SF ambulatory surgical center, 6,168+/- SF medical office, and 1,451+/- SF MediSpa suite; Ambulatory surgical center includes 2 operating rooms, 3 PACU recovery bays, 2 pre‑operative bays, and 1 procedure room