Medical Office Building with X-Ray
For Sale
$999,000
9344 Three Rivers Road, Gulfport, MS 39503
Commercial Sale, Gulfport, MS
Property Size9,542 SF
Lot Size0.90 Acres
Price / SF$104.70
Days on Market651
Property Features for 9344 Three Rivers Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B2
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Accessibility
Accessible Approach with Ramp
Subdivision
Metes And Bounds
Lot features
Level, City Lot, Rectangular Lot, Level, City Lot, Rectangular Lot
Directions
Directly behind (east side) the Super-Walmart
Standard status
Active
APN
0809k-01-001.031
Size
9,542 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
THAT PART OF LOT 12 THREE RIVERS BUSINESS PARK LYING E OF THREE RIVERS RD SEC 21-7-11
Tax Annual Amount
9598
Legal Description
THAT PART OF LOT 12 THREE RIVERS BUSINESS PARK LYING E OF THREE RIVERS RD SEC 21-7-11
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
lobby
reception area
lounge/breakroom
X-ray room
conference room
physical therapy room
meeting/classroom
lab
Building Details
Year built
2000
Floors in Building
1
Flooring type
Carpet, Laminate, Tile
Roof type
Metal
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Sam Ford · License #B4936
(228) 424-8202
Added: Nov 18, 2024
Changed: Aug 26
Last Checked: Aug 31 at 6:06AM
MLS# 4097029
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 9,542-square-foot medical office facility was built in 2000 and occupies a 0.9-acre site. The layout includes a lobby, reception area, 10 offices, lounge/breakroom, conference room, physical therapy room, X-ray room, lab, meeting/classroom, and six storage/file rooms. Laminate, carpet, and tile flooring are present, with an accessible approach and ramp. The metal building has a decorative front facade and public water and sewer.
The property includes 40 parking spaces, with additional staff parking at the rear. It is positioned behind the Super-Walmart on the east side and less than one mile from the I-10/Hwy 49 Interchange. Numerous medical offices are located in the surrounding neighborhood. Approximately 90% of the equipment and furnishings will remain, and the owner can sell and lease back about 2,500 square feet of the building.
The property includes 40 parking spaces, with additional staff parking at the rear. It is positioned behind the Super-Walmart on the east side and less than one mile from the I-10/Hwy 49 Interchange. Numerous medical offices are located in the surrounding neighborhood. Approximately 90% of the equipment and furnishings will remain, and the owner can sell and lease back about 2,500 square feet of the building.
Key Highlights
- 9,542 SF medical office building on 0.9 acres
- 10 offices, physical therapy room, X‑ray room, lab, and conference room
- 40 parking spaces plus rear staff parking
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
$76,054
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
7.61%
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%
$1,521,080
$1.5M
Cap Rate 7%
$1,086,486
$1.1M
Cap Rate 9%
$845,044
$845.0K
Market Conditions
NOI Build-Up for 9,542 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
$123.7K $12.96/SF
− Vacancy
−$22.3K −$2.33/SF
EGI
$101.4K $10.63/SF
− OpEx
−$25.4K −$2.66/SF
NOI
$76.1K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,521,080
Cap Rate 7%
$1,086,486
Cap Rate 9%
$845,044
Alternative Uses
Best Use
Healthcare Medical
$1.54M
$1.35M – $1.79M
NOI $107,605 @ 7.0% cap · market cap 10.77%
Second Best
Office B
$1.09M
$950.7K – $1.27M
NOI $76,054 @ 7.0% cap · market cap 7.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured medical office facility with treatment, administrative, storage, and staff-support areas.
Where is this medical office space located?
The property is located at 9344 Three Rivers Road Gulfport, MS.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 9,542 SF medical office building on 0.9 acres; 10 offices, physical therapy room, X‑ray room, lab, and conference room; 40 parking spaces plus rear staff parking
