Leased Medical Office
For Sale
$155,000
401 Cross Park Dr, Pearl, MS 39208
Medical office space is fully leased with an established tenant in place.
Property Size1,074 SF
Price / SF$144.32
Days on Market64
Property Features for 401 Cross Park Dr
General Information
Standard status
Active
Size
1,074 SF
Occupancy
100%
Building Details
Buildings
1
Listing Agency:
The Agency Haus LLC DBA Agency
Listed By:
Bjorn P Gipson · License #S57956
(769) 274-2184
Source:
Fiorellaavenue
Added: Aug 13
Changed: Oct 13
Last Checked: Oct 15 at 4:04AM
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 The Agency Haus LLC DBA Agency
Investment Insights
Based on property information with market context.
This 1,074-square-foot medical office property at 401 Cross Park Dr in Pearl, Mississippi, is fully leased to an established tenant. The building is described as well maintained and offers an occupied commercial setting for a purchaser seeking an existing lease arrangement.
Key Highlights
- 1,074 SF medical office property
- Fully leased to an established tenant
- Located at 401 Cross Park Dr, Pearl, MS 39208
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,111
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,220
$242.2K
Cap Rate 7%
$173,014
$173.0K
Cap Rate 9%
$134,567
$134.6K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$22.6K $21.00/SF
− Vacancy
−$2.4K −$2.21/SF
EGI
$20.2K $18.80/SF
− OpEx
−$8.1K −$7.52/SF
NOI
$12.1K $11.28/SF
Area
Rankin 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%
$242,220
Cap Rate 7%
$173,014
Cap Rate 9%
$134,567
Alternative Uses
Best Use
Healthcare Medical
$173.0K
$151.4K – $201.9K
NOI $12,111 @ 7.0% cap · market cap 7.81%
Second Best
Office B
$165.7K
$145.0K – $193.3K
NOI $11,599 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39208, MS
34,228
Population
13,931
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
47.8 sq mi
ZIP Area
716
Density / Sq Mi
$58,878
Median Household Income
$40,785
Median Earnings
$1,157
Median Rent
$173,900
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space is fully leased with an established tenant in place.
Where is this medical office space located?
The property is located at 401 Cross Park Dr Pearl, MS.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,074 SF medical office property; Fully leased to an established tenant; Located at 401 Cross Park Dr, Pearl, MS 39208
