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 Market125
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: Aug 12
Last Checked: Sep 14 at 10:58AM
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
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 = 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
$105,260
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
3.97%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
