3016 HWY 80, Morton, MS 39117

Building Details

Year Built 1995 More

Buildings 1 More

Units 1 More

Listing Agency: Southeast Commercial Real Estate Services Gulfport

Listed By: Victoria Chambers · License MS S-48764 Show Phone

Source: Crexi

Added: Jul 31 Changed: Nov 2 Last Checked: Nov 12 at 6:48AM

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Investment Insights

Based on property information with market context.

Located at 3016 Highway 80 in Morton, Mississippi, this 2,414-square-foot medical office was built in 1995 and subsequently converted from a church into a renovated clinical facility. The layout includes seven exam rooms, a nurses’ station, waiting and reception areas, a triage room, kitchen, and staff breakroom.

The property carries Rural Health Clinic Certification. The designation is perpetual, tied specifically to this address, and nontransferable to another location. The source information indicates reimbursement rates nearly 300% higher than those available to a conventional non-RHC clinic. The building is situated in FEMA Flood Zone X, identified as having minimal flood risk.

The combination of dedicated patient-care rooms, administrative areas, and staff amenities provides a complete medical-office configuration within a single facility.

Key Highlights

• 2,414‑square‑foot medical office at 3016 Highway 80, Morton, MS
• Seven exam rooms with nurses’ station and triage room
• Waiting area, reception space, kitchen, and staff breakroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,986

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$479,720 $479.7K

Cap Rate 7%

$342,657 $342.7K

Cap Rate 9%

$266,511 $266.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,414 SF

Gross rent

$43.5K $18.00/SF

− Vacancy

−$3.5K −$1.44/SF

EGI

$40.0K $16.56/SF

− OpEx

−$16.0K −$6.62/SF

NOI

$24.0K $9.94/SF

Area

Scott County, MS

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$479,720

Cap Rate 7%

$342,657

Cap Rate 9%

$266,511

Alternative Uses

Best Use

Healthcare Medical

$342.7K

$299.8K – $399.8K (±1% cap)

NOI $23,986 @ 7.0% cap · market cap 7.16%

Second Best

Office B

$322.3K

$282.0K – $376.0K (±1% cap)

NOI $22,560 @ 7.0% cap · market cap 6.73%

Theoretical Best

Office A

$413.7K

$362.0K – $482.6K (±1% cap)

NOI $28,956 @ 7.0% cap · market cap 8.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Butcher Florist Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 39117, MS

10,573

Population

3,774

Households

2.8

Avg Household Size

38

Median Age

11%

College-Educated

82%

High-School Grad

251.1 sq mi

ZIP Area

42

Density / Sq Mi

$53,291

Median Household Income

$37,400

Median Earnings

$957

Median Rent

$103,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Renovated clinic with organized patient-care, reception, and staff-support areas.

Where is this medical office space located?

The property is located at 3016 HWY 80 Morton, MS.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: 2,414‑square‑foot medical office at 3016 Highway 80, Morton, MS; Seven exam rooms with nurses’ station and triage room; Waiting area, reception space, kitchen, and staff breakroom