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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Medical Office Space
3430 Bienville Blvd Ocean Springs, MS 39564-5732
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US50-0256534
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
8,329 SF
Lot
1.61 ac (70,132 SF)
APN
60127499.000
UPID
US50-0256534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Holly E. Bowie, OD Physician
-
Tri-County Eye Clinic Physician
-
EyeDok Physician
-
Karina Moore-Massey Physician
-
Benjamin Massey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$555k
Owner & transaction history
Hughes Healthcare Corp INC · 2 yrs held
Hughes Healthcare Corp INC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+35.3%
Restaurant
$815,000
+29.1%
Retail stores
$805,000
+28.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocean Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +35% · Conversion: Difficult
RESTAURANT
$815,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$670,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,622
Tax year 2023
Assessed value
$148,475
Assessed 2023
Previous assessed
$146,960
+1.0% YoY
Effective rate
14.56%
On assessed value
Assessed land
$43,877
Assessed improvement
$104,598
Land market value
$292,510
Improvement market value
$697,318
Total market value
$989,828
Applied tax rate
5,660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,329 SF
Lot
1.61 ac (70,132 SF)
APN
60127499.000
UPID
US50-0256534
Jurisdiction
JACKSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RESTAURANT
Est. value
$815,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$670,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hughes Healthcare Corp INC
Entity
Mailing address
432 BERTUCCI BLVD, BILOXI, MS 39531-2339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
Hughes Heal Thacare
—
Deed
related
$425,000 · Hancock Whitney Bank
Oct 30, 2023
—
Hughes Healthcare Corp INC
Gregory E Bertucci
Warranty Deed
$900,000 · Hancock Whitney Bank
Oct 20, 2023
—
Gregory E Bertucco
Jo Carolyn Fasullo Houston
Quit Claim Deed
related
—
Dec 26, 2018
—
Gregory E Bertuccio
—
Deed
related
$1,100,000 · Hancock Whitney Bank
Dec 11, 2018
—
Gre
Fc Rawlings LLC
Warranty Deed
$1,100,000 · Hancock Whitney Bank
Nov 12, 2010
—
Fc Rawlings LLC
E Franklin Rawlings
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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