Medical Office with Treatment
For Sale
$225,000
2414 Ingalls Ave, Pascagoula, MS 39567
Purpose-built layout includes patient rooms, reception areas, offices, and a lab for medical or professional operations.
Property Size1,742 SF
Price / SF$129.16
Days on Market32
Property Features for 2414 Ingalls Ave
General Information
Standard status
Active
Size
1,742 SF
Building Details
Buildings
1
Listing Agency:
Expect Realty
(228) 297-0207
Listed By:
Travis Paige · License #S60095
Source:
Fiorellaavenue
Added: Aug 1
Changed: Aug 31
Last Checked: Aug 31 at 7:29PM
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 Expect Realty
Investment Insights
Based on property information with market context.
This medical office property at 2414 Ingalls Ave includes a reception and waiting area, reception office space, a private office, lab area, and five patient treatment rooms. The building was previously operated as a dental office, providing an existing configuration for continued dental use or another medical office application.
Select equipment will remain with the property. The layout also supports conversion for another professional business, subject to the applicable requirements for the intended use.
Select equipment will remain with the property. The layout also supports conversion for another professional business, subject to the applicable requirements for the intended use.
Key Highlights
- Five patient treatment rooms
- Reception and waiting area with dedicated reception office space
- Lab area and private office included
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
$20,606
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
9.16%
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%
$412,120
$412.1K
Cap Rate 7%
$294,371
$294.4K
Cap Rate 9%
$228,956
$229.0K
Market Conditions
NOI Build-Up for 1,742 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
$37.2K $21.36/SF
− Vacancy
−$2.9K −$1.64/SF
EGI
$34.3K $19.72/SF
− OpEx
−$13.7K −$7.89/SF
NOI
$20.6K $11.83/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /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%
$412,120
Cap Rate 7%
$294,371
Cap Rate 9%
$228,956
Alternative Uses
Best Use
Office B
$354.1K
$309.8K – $413.1K
NOI $24,784 @ 7.0% cap · market cap 11.02%
Second Best
Healthcare Medical
$294.4K
$257.6K – $343.4K
NOI $20,606 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$475.9K
$416.4K – $555.2K
NOI $33,313 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39567, MS
10,280
Population
4,802
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
1,606
Density / Sq Mi
$50,792
Median Household Income
$41,748
Median Earnings
$917
Median Rent
$136,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built layout includes patient rooms, reception areas, offices, and a lab for medical or professional operations.
Where is this medical office space located?
The property is located at 2414 Ingalls Ave Pascagoula, MS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Five patient treatment rooms; Reception and waiting area with dedicated reception office space; Lab area and private office included
