Fully Leased Medical Office
401 Cross Park Drive lot C Pearl, MS 39208
New
For Sale
$155,000
COMMERCIAL - Pearl, MS
Property Size1,074 SF
Lot Size0.02 Acres
Price / SF$144.32
Days on Market4
Property Features for 401 Cross Park Drive lot C
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- G09d-000009-00000c
- Size
- 1,074 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT C CROSSPARK PLAZA CONDOMINUMS DB 721 PG 468 011395
- Tax Annual Amount
- 1182
Building Details
- Floors in Building
- 1
Listing Agency:
The Agency Haus LLC DBA Agency
(601) 665-4869
Listed By:
Bjorn P Gipson · License #S57956
(769) 274-2184
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 24 at 1:06AM
MLS# 4156940
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 fully leased medical office suite provides 1,074 square feet within a well-maintained commercial building. The property is described as turnkey, with an established tenant already in place.\n\nThe suite is located at 401 Cross Park Drive, in Pearl, Mississippi (Rankin County). The listing notes convenient accessibility and visibility.\n\nWith a compact footprint and existing rental income, the property is being marketed as an investment opportunity for buyers seeking immediate cash flow from day one.
Key Highlights
- Fully leased commercial property with an established tenant already in place
- Well‑maintained building designed to support ongoing rental income
- Provides existing rental income intended to start from day one
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $21.00 |
| − Vacancy | −$2.4k | −$2.21 |
| EGI | $20.2k | $18.80 |
| − OpEx | −$8.1k | −$7.52 |
| NOI | $12.1k | $11.28 |
1,074 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Small medical office suite offers 1,074 SF of income-producing space in a well-maintained building.
Where is this medical office space located?
The property is located at 401 Cross Park Drive lot C 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: Fully leased commercial property with an established tenant already in place; Well‑maintained building designed to support ongoing rental income; Provides existing rental income intended to start from day one
