Medical Office with Patient
New
For Sale
$599,000
390 Courthouse Rd, Gulfport, MS 39507
A furnished-ready clinical layout includes treatment rooms, private offices, reception, and separate restrooms.
Property Size2,464 SF
Price / SF$243.10
Days on Market6
Property Features for 390 Courthouse Rd
General Information
Standard status
Active
Size
2,464 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1997
Listing Agency:
RE/MAX Results In Real Estate, Inc.
Listed By:
Leslie Suit · License #S53734
(228) 341-4524
Source:
Fiorellaavenue
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 11:22PM
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 RE/MAX Results In Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,464-square-foot medical office is arranged with five patient rooms, four of which have sinks. The interior also includes a lobby, reception area with built-in desks and counter space, two private offices, a file room, kitchen and break area, and separate lobby and employee restrooms. Interior furnishings are negotiable.
The property fronts Courthouse Road in Gulfport, where approximately 8,400 vehicles pass daily. Access to Highway 90, also known as Beach Boulevard, and Pass Road connects the site with other major Gulfport thoroughfares.
The property fronts Courthouse Road in Gulfport, where approximately 8,400 vehicles pass daily. Access to Highway 90, also known as Beach Boulevard, and Pass Road connects the site with other major Gulfport thoroughfares.
Key Highlights
- 2,464‑square‑foot medical office at 390 Courthouse Rd, Gulfport
- Five patient rooms; four have sinks
- Two private offices, reception with built‑in desks, and dedicated file storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,787
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,740
$555.7K
Cap Rate 7%
$396,957
$397.0K
Cap Rate 9%
$308,744
$308.7K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$51.7K $21.00/SF
− Vacancy
−$5.4K −$2.21/SF
EGI
$46.3K $18.80/SF
− OpEx
−$18.5K −$7.52/SF
NOI
$27.8K $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%
$555,740
Cap Rate 7%
$396,957
Cap Rate 9%
$308,744
Alternative Uses
Best Use
Healthcare Medical
$397.0K
$347.3K – $463.1K
NOI $27,787 @ 7.0% cap · market cap 4.64%
Second Best
Office B
$280.6K
$245.5K – $327.3K
NOI $19,639 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Mid South Veterinary Group: Craven Megan DVM — 204 Pass Rd A, Gulfport, MS 39507
- Gulfport Veterinary Hospital — 204 Pass Rd, Gulfport, MS 39507
- Spears Lee DVM — 204 Pass Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Medical Office Space - A furnished-ready clinical layout includes treatment rooms, private offices, reception, and separate restrooms.
Where is this medical office space located?
The property is located at 390 Courthouse Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,464‑square‑foot medical office at 390 Courthouse Rd, Gulfport; Five patient rooms; four have sinks; Two private offices, reception with built‑in desks, and dedicated file storage
