1720 Medical Park DrBiloxi, MS 39532

  • Healthcare properties
  • 65,649 SF
For Lease
$26.14/SF/YR View listing

Property Details for 1720 Medical Park Dr

Year built
1999
Lot size
9.80 AC
Property size (Sq ft)
65,649 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
1208P-01-002.000
APU
1208P01002000

Description

This exceptional 9,377 square foot medical office suite is located on the third floor of a three-story, 72,025 square foot building at 1720 Medical Park Dr, Biloxi, MS 39532. The building features convenient access to I-10 via the Cedar Lake exit, ample parking, and proximity to supporting amenities. Suite 340A offers a spacious layout ideal for patient consultations, examinations, and administrative functions. The building provides a professional environment prioritizing cleanliness and patient care. Electricity and water are included. This single-tenant space is part of a larger building with elevators and is situated near Medical Park Drive and Cedar Lake Rd. The building is locally owned and managed. This is a fantastic opportunity for medical practices seeking a well-appointed and conveniently located space to expand or relocate their operations. Flexible lease terms are available to accommodate various practice needs. Total vacant space in the building is 17,034 square feet, with other suites also available for lease. Three other suites are currently available: Suite 160 (4,747 sq ft), Suite 130A (4,527 sq ft), and Suite 330B (14,457 sq ft). This property presents a unique chance to establish or enhance a medical practice in a thriving Biloxi location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,410,717
    6.5%
    $9,609,893
    7%
    $8,923,472
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,007,764
    Geo Method
    $4,666,988
  • Alternative Use

    Use
    Valuation
    Residential
    $11,916,267
    Hospitality
    $10,915,236
    Educational
    $9,081,348
    Medical
    $9,393,670
    Retail
    $14,126,542
1720 Medical Park Dr, Biloxi, Mississippi

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.4477
Longitude
-88.936
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
$205,045
-
-
$1,867,954
-
$2,454,606
$9,998,421
$12,453,027

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