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12251 Bernard Pkwy Gulfport, MS 39503-5086

OFF-MARKET Parking lots & garages Google Maps
30,444 SF
Entity Owned 14-yr Hold Free & Clear
Estimated value
No estimation on file for this property yet.
Property ID US50-0851272

Property summary

AI-generated overview

This exceptional Class A medical office building, totaling 36,386 square feet, is situated at 12251 Bernard Parkway in Gulfport, Mississippi, zip code 39503, Harrison County. Built in 2007 and recently renovated in 2023 with approximately $2 million in upgrades, the property boasts a 6.02% cap rate and is priced at $7,900,000 (approximately $217 per square foot). Currently 100% occupied by Blue Cliff College under a new 15-year lease with a 3% annual rental increase, this investment presents an opportunity for accelerated depreciation. The building enjoys a highly visible location with 900 feet of frontage on I-10, providing excellent access and exposure. Blue Cliff College, established at this location since 2007, offers a diverse range of training programs including nursing, clinical medical assisting, dental assisting, health information management, billing and coding, cosmetology, and massage therapy. The property's APN is 0908P-02-001.000. This is a rare opportunity to acquire a high-quality, income-producing medical office building in a prime Gulf Coast location.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Total area 30,444 SF
APN 0908P-02-001.004
UPID US50-0851272

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • College Beauty School
  • Corporate Office Business Park

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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