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Ambulatory Surgical Center and Medical Suites

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.
800 Woodlands Pkwy Ste 206, Jackson, MS
Listed by Scott Overby · License #B-16214
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.

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 (±1% cap)
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 (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Big Box & Wholesale Store Home Appliance Store Gym & Fitness Center Electrical Service Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

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
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