Furnished Dental
New
For Sale
$495,000
602 Pegram Dr, Tupelo, MS 38801
Four equipped treatment rooms support a dental practice, with reception, storage, a breakroom, and a darkroom.
Property Size1,705 SF
Lot Size1.50 Acres
Price / SF$290.32
Days on Market7
Property Features for 602 Pegram Dr
General Information
Standard status
Active
Size
1,705 SF
Lot size
1.50 Acres
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$4,118
Amenities
reception area
storage
breakroom
dark room
Listing Agency:
Vylla Home
(662) 598-5099
Listed By:
Thomas Blanche
(901) 288-9801
Source:
Exprealty
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 11:54PM
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 Vylla Home
Investment Insights
Based on property information with market context.
This 1,705-square-foot dental office includes four furnished operatories, a reception area, storage, a breakroom, and a darkroom. The building and equipment are included; the property is subject to a 1.5-acre land lease. The roof, heat pump, and electrical panel were replaced within the past five years.
The office is at 602 Pegram Dr in Tupelo’s medical district, one building from Tupelo Hospital.
The office is at 602 Pegram Dr in Tupelo’s medical district, one building from Tupelo Hospital.
Key Highlights
- 1,705‑square‑foot medical office building
- Four furnished operatories
- Reception area, storage, breakroom, and darkroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,931
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
$318.6K
Cap Rate 7%
$227,586
$227.6K
Cap Rate 9%
$177,011
$177.0K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$29.7K $17.40/SF
− Vacancy
−$3.1K −$1.83/SF
EGI
$26.6K $15.57/SF
− OpEx
−$10.6K −$6.23/SF
NOI
$15.9K $9.34/SF
Area
Lee County, MS
Vacancy
10.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
Cap Rate 7%
$227,586
Cap Rate 9%
$177,011
Alternative Uses
Best Use
Healthcare Medical
$227.6K
$199.1K – $265.5K
NOI $15,931 @ 7.0% cap · market cap 3.22%
Second Best
Office B
$213.7K
$187.0K – $249.4K
NOI $14,961 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$320.2K
$280.2K – $373.6K
NOI $22,414 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 38801, MS
29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value
Check the figures for this property
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
- Pet Wellness Center — 931 S Green St, Tupelo, MS 38804
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four equipped treatment rooms support a dental practice, with reception, storage, a breakroom, and a darkroom.
Where is this medical office space located?
The property is located at 602 Pegram Dr Tupelo, MS.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,705‑square‑foot medical office building; Four furnished operatories; Reception area, storage, breakroom, and darkroom
