784 Howard AveBiloxi, MS 39530

  • Healthcare properties
  • 7,148 SF
For Lease
$20/SF/YR View listing

Property Details for 784 Howard Ave

Year built
1900
Lot size
0.10 AC
Property size (Sq ft)
7,148 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
1410K-03-046.000
APU
1410K03046000

Description

This exceptional Class B medical office building, located at 784 Howard Ave in Biloxi, Mississippi, offers 13,840 square feet of newly renovated (2024) space. The two-story building features a total of three suites, with 9,758 square feet currently available for lease. The second floor, encompassing 4,879 contiguous square feet, is divisible into two units, each with a minimum of 2,339 square feet. The property boasts convenient access to Highway 90 and I-110, ample free parking, and a rear entrance with a designated patient drop-off/pick-up area. Situated in Biloxi's vibrant Howard Avenue Corridor, this location offers proximity to Merit Health Biloxi Hospital, numerous restaurants, and local attractions such as MGM Park and the Hard Rock Hotel & Casino. The building includes an elevator and sits on a 0.21-acre lot, zoned DT (Downtown). The first floor is currently occupied by Fresenius Kidney Care. Nearby amenities and the ongoing renovation of the historic Barq's Building further enhance the property's desirability. This is a unique opportunity to secure high-quality medical office space in a thriving Mississippi coastal location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,133,540
    6.5%
    $1,046,345
    7%
    $971,606
  • Comparable approach

    Method
    Valuation
    Relative Method
    $545,256
    Geo Method
    $508,151
  • Alternative Use

    Use
    Valuation
    Residential
    $1,297,468
    Hospitality
    $1,188,474
    Educational
    $988,796
    Medical
    $1,022,802
    Retail
    $1,538,127
784 Howard Ave, Biloxi, Mississippi

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.3967
Longitude
-88.8885
CBSA code
25060
CBSA name
GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,162
-
-
$56,135
-
$26,082
$348,150
$374,232

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