1721 Medical Park DrBiloxi, MS 39532
- Healthcare properties
- 22,661 SF
Property Details for 1721 Medical Park Dr
- Year built
- 2005
- Property size (Sq ft)
- 22,661 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 1208P-01-005.001
- APU
- 1208P01005001
Description
This exceptional medical office building, located at 1721 Medical Park Dr, Biloxi, MS 39532, offers a total of 5,145 square feet of readily available space. The property is currently entirely vacant and presents a unique opportunity for medical professionals or businesses seeking a prominent location in a thriving area. The building features two distinct suites ideal for various medical or office uses. Suite 101 comprises 2,206 square feet, while Suite 103 offers 2,939 square feet of contiguous space. The minimum divisible space is 2,206 square feet, allowing for flexibility in tenant needs. The property's convenient location on Medical Park Drive in Biloxi ensures high visibility and easy access for patients and clients. This is a multi-tenant building, offering potential for synergistic partnerships. The property's APN is 1208P-01-005.001, and it's situated in Mississippi County. A significant advantage is the inclusion of utilities and janitorial services within the rental rate, minimizing operational overhead for tenants. This turnkey solution allows businesses to focus on their core operations without the added burden of facility management. The property's prime location and comprehensive amenities make it an attractive investment for those seeking a high-quality medical or office space in Biloxi, Mississippi.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,593,615
- 6.5%
- $3,317,184
- 7%
- $3,080,242
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,728,601
- Geo Method
- $1,610,970
-
Alternative Use
- Use
- Valuation
- Residential
- $4,113,308
- Hospitality
- $3,767,768
- Educational
- $3,134,738
- Medical
- $3,242,547
- Retail
- $4,876,260
Location Insight
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.4462
- Longitude
- -88.9356
- CBSA code
- 25060
- CBSA name
- GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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