6943 Oak Forest DrOlive Branch, MS 38654

Property Details for 6943 Oak Forest Dr

Year built

2005

Construction

BRICK

Lot size

0.75 AC

Property size (Sq ft)

3,486 SF

Zone code

PUD

Property type

Office properties

Property subtype

Other office properties

APN

1-06-9-32-05-0-00008-00

APU

1069320500000800

Description

This exceptional 1,172-square-foot medical office space is ideally situated in Olive Branch, Mississippi, at 6943 Oak Forest Dr, 38654. Located just off Goodman Road and less than a mile from US 78, this single-tenant property offers convenient access and ample parking. The space features multiple exam rooms, perfect for a variety of medical practices. A large waiting room ensures patient comfort, while a dedicated billing office streamlines administrative tasks. A kitchenette adds convenience for staff. The property is currently available for lease under a two-year agreement, with an average monthly rent of $2400. This turnkey medical office is ready for immediate occupancy and presents a fantastic opportunity for healthcare professionals seeking a well-appointed and conveniently located space in the thriving Olive Branch community within DeSoto County. The property is classified as an office building with a medical office subtype. The building is located in a prime location with easy access to major roadways. The lease terms are favorable, offering a stable and predictable income stream for the next two years. This represents a strong investment opportunity in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $502,277

  6.5%

  $463,641

  7%

  $430,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,769

  Geo Method

  $271,769

• Alternative Use

  Use

  Valuation

  Residential

  $574,914

  Hospitality

  $526,618

  Educational

  $438,140

  Medical

  $453,209

  Retail

  $681,552

Location Insight

City

Olive Branch

County

Desoto

State

Mississippi

Latitude

34.9612

Longitude

-89.8621

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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