416 Pass RdGulfport, MS 39507

Property Details for 416 Pass Rd

Year built

1986

Lot size

0.32 AC

Property size (Sq ft)

3,086 SF

Property type

Medical offices

Property subtype

Medical centers

APN

0910I-01-086.000

APU

0910I01086000

Description

This 3,066 square foot medical office building in Gulfport, MS, is situated on a 0.32-acre lot at the corner of Pass Road and Courthouse Road, next to French's Drug Store. Built in 1986, this single-story building features one suite, previously used as a dental office and urgent care center, and is easily divisible into two separate 2,066 and 1,000 square foot spaces, each with its own entrance and exit. The property includes a rear garage, ample storage, two separate reception and waiting areas, multiple private offices, 2.5 bathrooms, treatment rooms, labs, and up to 20 parking spaces. The building is move-in ready and offers excellent access to I-10 and US Hwy 90. Zoned for Neighborhood Business, the property boasts a prime location, making it ideal for various medical businesses, teaching centers, or insurance offices. The owner is open to owner financing. Annual property taxes are $1.45 per square foot. The building has no elevator.

• CAP approach

  CAP return

  Valuation

  6%

  $489,382

  6.5%

  $451,738

  7%

  $419,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,403

  Geo Method

  $219,384

• Alternative Use

  Use

  Valuation

  Residential Income

  $560,155

  Hospitality / Lodging

  $513,099

  Institutional / Educational

  $426,892

  Healthcare / Senior Housing

  $441,574

  Retail / Commercial

  $664,054

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3948

Longitude

-89.0433

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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