1721 Medical Park DrBiloxi, MS 39532

Property Details for 1721 Medical Park Dr

Year built

2005

Property size (Sq ft)

22,661 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,072,760

  6.5%

  $3,759,470

  7%

  $3,490,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,600

  Geo Method

  $1,610,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,981,640

  Retail / Commercial

  $3,662,350

  Mixed-Use / Specialty

  $3,714,070

  Hospitality / Lodging

  $2,809,230

  Institutional / Educational

  $3,884,290

  Residential Income

  $4,544,620

  Multifamily

  $5,091,460

  Automotive / Energy

  $3,329,390

  Parking / Income-Based Land

  $1,084,930

  Restaurant / Food Service

  $2,069,960

  Healthcare / Senior Housing

  $3,742,280

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

FAQs

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