Nursing Home Property With Two
For Sale
$937,000
219 Bass Road, Florence, MS 39073
Florence, MS
Property Size7,401 SF
Lot Size5.00 Acres
Price / SF$126.60
Days on Market62
Property Features for 219 Bass Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 9, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 12, Bedroom 8, Bedroom 11, Bedroom 4, Bedroom 6, Bedroom 1
Standard status
Active
Size
7,401 SF
Lot size
5.00 Acres
Amenities
fireplace
screened-in back porch
Listing Agency:
NextHome Realty Experience
(601) 521-2866
Listed By:
Ryan Porter · License #B22802
(601) 238-6620
Added: Aug 13
Changed: Sep 18
Last Checked: Oct 13 at 5:06PM
MLS# 4143084
Copyright © 2026 NextHome, Inc. 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.
This nursing home property includes two substantial brick residences on five acres, with a combined property size of 7,401 square feet. Each home has six bedrooms and three full bathrooms. The first residence features a large dining and entertainment room, kitchen, laundry room, and 16 closets. The second adds two kitchen areas, a dining room, den with fireplace, screened-in back porch, and laundry connections for three washers and three dryers. Its three bathrooms have been remodeled, and a new central HVAC system serves the home. Both residences have new roofs.
Three mobile homes are positioned behind the second house and require rehabilitation before use. The property is identified in Florence, Mississippi, and the residences provide stated capacity for more than 30 people. Room records include 12 bedrooms across the two primary homes.
Three mobile homes are positioned behind the second house and require rehabilitation before use. The property is identified in Florence, Mississippi, and the residences provide stated capacity for more than 30 people. Room records include 12 bedrooms across the two primary homes.
Key Highlights
- Two brick residences on 5 acres with a combined property size of 7,401 square feet
- Each primary home includes 6 bedrooms, 3 bathrooms, and 16 closets
- Second home features two kitchen areas, a fireplace den, and screened‑in back porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,461
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,220
$1.7M
Cap Rate 7%
$1,192,300
$1.2M
Cap Rate 9%
$927,344
$927.3K
Market Conditions
NOI Build-Up for 7,401 SF
Gross rent
$155.4K $21.00/SF
− Vacancy
−$16.3K −$2.21/SF
EGI
$139.1K $18.80/SF
− OpEx
−$55.6K −$7.52/SF
NOI
$83.5K $11.28/SF
Area
Rankin 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%
$1,669,220
Cap Rate 7%
$1,192,300
Cap Rate 9%
$927,344
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,461 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,099 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39073, MS
20,613
Population
8,707
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
161.1 sq mi
ZIP Area
128
Density / Sq Mi
$72,099
Median Household Income
$38,123
Median Earnings
$886
Median Rent
$180,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Nursing home - Two updated brick residences offer multiple bedrooms, kitchens, bathrooms, and dedicated laundry facilities across a five-acre setting.
Where is this nursing home located?
The property is located at 219 Bass Road Florence, MS.
What is the asking price?
The asking price for this property is $937,000.
What are key features of this property?
This property features: Two brick residences on 5 acres with a combined property size of 7,401 square feet; Each primary home includes 6 bedrooms, 3 bathrooms, and 16 closets; Second home features two kitchen areas, a fireplace den, and screened‑in back porch
