Fully Leased Medical Office
For Sale
Contact for pricing
1760 Medical Park Dr, Biloxi, MS 39532
Medical office property is fully leased under a NNN structure with approximately seven years remaining and 3% annual increases.
Property Size9,334 SF
Price / SF$284.38
Days on Market173
Property Features for 1760 Medical Park Dr
General Information
Standard status
Active
Size
9,334 SF
Property subtype
OFFICE
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Randall Commercial Group
(662) 234-4044
Listed By:
Port Campany · License #23097
(662) 638-0730
Source:
Moodyscre
Added: May 13
Changed: Oct 25
Last Checked: Oct 30 at 5:39PM
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 Randall Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property is offered for sale as a fully leased, NNN investment. The building is leased to U.S. Oral Surgery Management (USOSM) under a long-term agreement with approximately seven years remaining. The lease includes 3% annual increases.
The property is located at 1760 Medical Park Dr in Biloxi, Mississippi.
The property is located at 1760 Medical Park Dr in Biloxi, Mississippi.
Key Highlights
- Fully leased medical office property under a NNN structure
- Approximately 7 years remaining on the lease
- Lease includes 3% annual increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,260
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,105,200
$2.1M
Cap Rate 7%
$1,503,714
$1.5M
Cap Rate 9%
$1,169,556
$1.2M
Market Conditions
NOI Build-Up for 9,334 SF
Gross rent
$196.0K $21.00/SF
− Vacancy
−$20.6K −$2.21/SF
EGI
$175.4K $18.80/SF
− OpEx
−$70.2K −$7.52/SF
NOI
$105.3K $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 Rate 5%
$2,105,200
Cap Rate 7%
$1,503,714
Cap Rate 9%
$1,169,556
Alternative Uses
Best Use
Healthcare Medical
$1.50M
$1.32M – $1.75M
NOI $105,260 @ 7.0% cap · market cap 3.97%
Second Best
Office B
$1.06M
$930.0K – $1.24M
NOI $74,396 @ 7.0% cap · market cap 2.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Cedar Lake Pet Hospital: Mcgrath Greg DVM — 944 Cedar Lake Rd, Biloxi, MS 39532
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property is fully leased under a NNN structure with approximately seven years remaining and 3% annual increases.
Where is this medical office space located?
The property is located at 1760 Medical Park Dr Biloxi, MS.
What is the asking price?
The asking price for this property is $2,654,406.
What are key features of this property?
This property features: Fully leased medical office property under a NNN structure; Approximately 7 years remaining on the lease; Lease includes 3% annual increases
