Renovated Medical Office with Seven Exam
For Sale
Contact for pricing
3016 HWY 80, Morton, MS 39117
Renovated clinic with organized patient-care, reception, and staff-support areas.
Property Size2,414 SF
Price / SF$138.77
Days on Market12
Property Features for 3016 HWY 80
General Information
Standard status
Active
Size
2,414 SF
Property subtype
Office
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Buildings
1
Units
1
Listing Agency:
Southeast Commercial Real Estate Services Gulfport
(228) 224-4777
Listed By:
Victoria Chambers · License #MS S- 48764
Source:
Crexi
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 11 at 5:34AM
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 Southeast Commercial Real Estate Services Gulfport
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.
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 = 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
$23,986
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
7.16%
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%
$479,720
$479.7K
Cap Rate 7%
$342,657
$342.7K
Cap Rate 9%
$266,511
$266.5K
Market Conditions
NOI Build-Up for 2,414 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
$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 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%
$479,720
Cap Rate 7%
$342,657
Cap Rate 9%
$266,511
Alternative Uses
Best Use
Healthcare Medical
$342.7K
$299.8K – $399.8K
NOI $23,986 @ 7.0% cap · market cap 7.16%
Second Best
Office B
$322.3K
$282.0K – $376.0K
NOI $22,560 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$413.7K
$362.0K – $482.6K
NOI $28,956 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
