961 Gloster StTupelo, MS 38801

Property Details for 961 Gloster St

Lot size

3.90 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

113E-06-146-03

APU

113E0614603

Description

This exceptional Class A, single-story medical office complex in Tupelo, MS, offers 23,830 square feet of immediately available space, divisible to 9,000 square feet. Located at 961 S Gloster St, 38801, this 76,716 square foot building boasts attractive features including vaulted ceilings, marble flooring in common areas, and an atrium meditation area. Built in 2007 and renovated in 2009, the property sits on 6.47 acres and includes 300 parking spaces, ensuring ample parking for tenants and visitors. The complex is anchored by North MS Hematology and Oncology Associates, a partner with North MS Health Services, providing a strong existing tenant base. Potential tenants may qualify for tenant improvement allowances or build-to-suit services. The property enjoys high visibility and excellent access to major roadways, and is situated just 0.3 miles from North MS Medical Center, the largest non-metro hospital in the nation, offering proximity to other medical services and restaurants. Property taxes are $2.32 per square foot. This is a prime opportunity for medical practices seeking a prestigious and well-located office space in a thriving medical community.

• CAP approach

  CAP return

  Valuation

  6%

  $26,864,010

  6.5%

  $24,797,548

  7%

  $23,026,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,365,427

  Geo Method

  $33,137,574

• Alternative Use

  Use

  Valuation

  Residential

  $30,748,960

  Hospitality

  $28,165,882

  Educational

  $23,433,684

  Medical

  $24,239,604

  Retail

  $36,452,396

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2372

Longitude

-88.7194

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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