Building Details

Year Built 1974

Listing Agency: Southeast Commercial of MS, LLC

Listed By: Monte Luffey · License #B19701 Show Phone

Source: Lacdb.resimplifi

Added: Apr 15 Changed: Sep 14 Last Checked: Oct 14 at 7:49PM

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Investment Insights

Based on property information with market context.

This 26,091-square-foot medical center contains an established layout associated with ambulatory surgery and physician office functions. The property is fully built out with purpose-oriented medical infrastructure and specialized systems already in place, supporting a healthcare-focused configuration rather than a basic office layout.

Constructed in 1974, the facility offers a substantial existing improvement package for healthcare operators, health systems, or investors evaluating a medical property. Its combination of surgery-related infrastructure and physician office space provides a defined platform for continued healthcare use, subject to applicable approvals and requirements.

Key Highlights

• 26,091‑square‑foot medical center
• Previously configured for ambulatory surgery and physician offices
• Purpose‑oriented medical infrastructure is already installed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$294,228

Cap Rate

5.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,884,560 $5.9M

Cap Rate 7%

$4,203,257 $4.2M

Cap Rate 9%

$3,269,200 $3.3M

Market Conditions

NOI Build-Up for 26,091 SF

Gross rent

$547.9K $21.00/SF

− Vacancy

−$57.5K −$2.21/SF

EGI

$490.4K $18.80/SF

− OpEx

−$196.2K −$7.52/SF

NOI

$294.2K $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 Rate 5%

$5,884,560

Cap Rate 7%

$4,203,257

Cap Rate 9%

$3,269,200

Alternative Uses

Best Use

Healthcare Medical

$4.20M

$3.68M – $4.90M (±1% cap)

NOI $294,228 @ 7.0% cap · market cap 5.66%

Second Best

Office B

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $207,956 @ 7.0% cap · market cap 4.00%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Open Analytics

Current Use

Jason V. Smith, ... Physician Dr. Kent T. ... Physician Coastal Hearing Center Medical Clinic Miller Karen Medical Clinic Mindy Taylor Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Catering Service Furniture & Home Goods Tanning Salon HVAC Service

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

Location Intelligence

Trade Area within ½ mile

1,022

Businesses Nearby

Explore this area Business Placement

Demographics for 39501, MS

22,599

Population

10,565

Households

2.1

Avg Household Size

35

Median Age

13%

College-Educated

78%

High-School Grad

14.4 sq mi

ZIP Area

1,569

Density / Sq Mi

$33,491

Median Household Income

$28,522

Median Earnings

$962

Median Rent

$115,300

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical center - Former surgical and physician-use complex with specialized healthcare infrastructure already installed.

Where is this medical center located?

The property is located at 3017 13th St Gulfport, MS.

What is the asking price?

The asking price for this property is $5,200,000.

What are key features of this property?

This property features: 26,091‑square‑foot medical center; Previously configured for ambulatory surgery and physician offices; Purpose‑oriented medical infrastructure is already installed