Medical Office with Patient
New
For Sale
$599,000
390 Courthouse Road, Gulfport, MS 39507
Commercial Sale, Gulfport, MS
Property Size2,464 SF
Lot Size0.41 Acres
Price / SF$243.10
Days on Market1
Property Features for 390 Courthouse Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
14
Lot features
Level, Landscaped, Rectangular Lot, Level, Landscaped, Rectangular Lot
Standard status
Active
APN
0910p-05-049.000
Size
2,464 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 501.8 FT N OF INTER OF S LINE OF SEC 36 & E MAR OF COURTHOUSE RD NLY ALONG RD 122.2 FT TO S LINE OF SECURITY SQUARE SUBD ELY ALONG SUBD 160 FT S 101.6 FT S 82 DG W 159.9 FT TO POB PART OF SW1/4 OF SE1/4 OF SEC 36-7-11
Tax Annual Amount
5141
Legal Description
BEG 501.8 FT N OF INTER OF S LINE OF SEC 36 & E MAR OF COURTHOUSE RD NLY ALONG RD 122.2 FT TO S LINE OF SECURITY SQUARE SUBD ELY ALONG SUBD 160 FT S 101.6 FT S 82 DG W 159.9 FT TO POB PART OF SW1/4 OF SE1/4 OF SEC 36-7-11
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Carpet, Vinyl, Tile - Ceramic
Roof type
Shingle
Listing Agency:
RE/MAX Results In Real Estate, Inc. · RE/MAX International
(228) 388-4360
Listed By:
Leslie Suit · License #S53734
(228) 341-4524
Added: Sep 14
Last Checked: Sep 14 at 11:06PM
MLS# 4162383
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,464-square-foot medical office at 390 Courthouse Road is arranged for professional clinical use and currently serves as a plastic surgery practice. The interior includes five patient rooms, four with sinks, along with a lobby, reception area, two private executive offices, file storage, kitchen or break space, and separate public and employee restrooms. Carpet, vinyl, and ceramic tile flooring are installed throughout, and the building was constructed in 1997.
The property occupies 0.41 acres in Gulfport and includes on-site parking. Its Courthouse Road position provides access toward Highway 90, Beach Boulevard, Pass Road, and other Gulfport thoroughfares. Public water and public sewer serve the property. Interior furnishings are negotiable.
The property occupies 0.41 acres in Gulfport and includes on-site parking. Its Courthouse Road position provides access toward Highway 90, Beach Boulevard, Pass Road, and other Gulfport thoroughfares. Public water and public sewer serve the property. Interior furnishings are negotiable.
Key Highlights
- 2,464‑square‑foot medical office on 0.41 acres
- Five patient rooms, including four equipped with sinks
- Lobby, reception area, two executive offices, file storage, kitchen or break room, and two restrooms
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
$27,787
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
4.64%
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%
$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
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
$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 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%
$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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Clinical layout includes reception, executive offices, support rooms, and patient treatment areas.
Where is this medical office space located?
The property is located at 390 Courthouse Road 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 on 0.41 acres; Five patient rooms, including four equipped with sinks; Lobby, reception area, two executive offices, file storage, kitchen or break room, and two restrooms
