Medical Office Building with Training
For Sale
$629,000
Pending
4509 Hospital Road, Pascagoula, MS 39581
Commercial Sale, Pascagoula, MS
Property Size4,713 SF
Lot Size0.35 Acres
Days on Market258
Property Features for 4509 Hospital Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Community Bus
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Lot features
City Lot, City Lot
Directions
Heading East on Hwy 90/Denny Dr, take a left on Hospital Road and just after 1st Lieutenent Eugene J. Major Drive, it's on your left.
Standard status
Pending
APN
4-04-01-210.100
Size
4,713 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COM NEC CL SEC 1 S 792' S 63* W 1515.20' S 457.47' TO POB ON W/MHOSPITAL ST S 68.5' S 89 DEG W 220.37' N 68.5' N 89 DEG E 220.37' TO POB DB 1614-881 (149 MAP861.01-01)
Tax Annual Amount
6245
Legal Description
COM NEC CL SEC 1 S 792' S 63* W 1515.20' S 457.47' TO POB ON W/MHOSPITAL ST S 68.5' S 89 DEG W 220.37' N 68.5' N 89 DEG E 220.37' TO POB DB 1614-881 (149 MAP861.01-01)
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
training room
employee break room
computer IT room
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile, Carpet, Combination
Roof type
Asphalt
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Carl A Larosa · License #S29641
(228) 669-4018
Added: Dec 10, 2025
Changed: Aug 23
Last Checked: Aug 25 at 12:06AM
MLS# 4133539
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 4,713-square-foot medical office building on a 0.35-acre parcel was constructed in 2004. The interior includes eight offices, carpeted office areas, tile in common spaces, separate men’s and women’s restrooms, a large training room, employee break room with refrigerator, and a dedicated computer IT room. Two heating and cooling units plus a split-system unit serve the building. Additional improvements include a security system, sprinkler system, building and wood signage, mailbox, gutters, and downspouts.
The property is at 4509 Hospital Road in Pascagoula, directly adjacent to Singing River Hospital and within a concentration of professional medical offices. The site provides 21 dedicated off-street parking spaces, including one handicapped-designated space, with accessible ramp entry. Public water and public sewer serve the property, and MDOT reports 7,900 cars passing daily.
The property is at 4509 Hospital Road in Pascagoula, directly adjacent to Singing River Hospital and within a concentration of professional medical offices. The site provides 21 dedicated off-street parking spaces, including one handicapped-designated space, with accessible ramp entry. Public water and public sewer serve the property, and MDOT reports 7,900 cars passing daily.
Key Highlights
- 4,713‑square‑foot medical office building on 0.35 acres
- Constructed in 2004 with 8 offices and dedicated training, break, and computer IT rooms
- 21 dedicated parking spots, including 1 handicapped designated space
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
$55,751
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
8.86%
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%
$1,115,020
$1.1M
Cap Rate 7%
$796,443
$796.4K
Cap Rate 9%
$619,456
$619.5K
Market Conditions
NOI Build-Up for 4,713 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
$100.7K $21.36/SF
− Vacancy
−$7.8K −$1.64/SF
EGI
$92.9K $19.72/SF
− OpEx
−$37.2K −$7.89/SF
NOI
$55.8K $11.83/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /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%
$1,115,020
Cap Rate 7%
$796,443
Cap Rate 9%
$619,456
Alternative Uses
Best Use
Office B
$957.9K
$838.2K – $1.12M
NOI $67,053 @ 7.0% cap · market cap 10.66%
Second Best
Healthcare Medical
$796.4K
$696.9K – $929.2K
NOI $55,751 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,128 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39581, MS
11,512
Population
5,411
Households
2.1
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
822
Density / Sq Mi
$37,571
Median Household Income
$26,774
Median Earnings
$892
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office facility with dedicated staff areas, accessible entry, and public utilities.
Where is this medical office space located?
The property is located at 4509 Hospital Road Pascagoula, MS.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 4,713‑square‑foot medical office building on 0.35 acres; Constructed in 2004 with 8 offices and dedicated training, break, and computer IT rooms; 21 dedicated parking spots, including 1 handicapped designated space
