Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    161 Bellegrass Blvd Hattiesburg, MS 39402

    Sponsored
    For Sale
    $47,190

    Residential Land, Res Single Family - Hattiesburg, MS

    Type:Single Family Residence
    Lot size:
    0.40 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 4:06 pm

    Property Features for 161 Bellegrass Blvd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Noah Riley

    Luxury Southern Realty (601) 909-6940

    Listing agent Brandy Tharpe (601) 909-6940 License #B-22570

    Listing date Feb 4, 2026

    MLS# 144282 Listing URL

    Copyright © 2026 Hattiesburg Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Bellegrass Subdivision

    This 0.4-acre wooded lot is located in the Bellegrass Subdivision. Residents have access to community amenities such as a swimming pool, playground, tennis, pickleball, and basketball courts. It is located in Hattiesburg, MS, with a postal code of 39402, in Lamar County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Department Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.479065
    Latitude
    31.285253

    Nearby Similar for Sale

    • $325,000
      Pending

      Downtown Hattiesburg Commercial Opportunity

      Character-rich commercial property in downtown Hattiesburg, high-visibility location.
      511 E Pine St, Hattiesburg, MS 39401
      View Details
    • $379,000
      3,952 SF

      Hattiesburg Commercial Property on Hwy 42

      Versatile commercial property with expansion potential in Hattiesburg, Mississippi.
      5619 Hwy 42 Byp, Hattiesburg, MS 39401
      View Details
    • $279,000
      1,176 SF

      Iconic Hattiesburg Commercial Property For Sale

      Historic Coney Island Cafe building in vibrant downtown Hattiesburg.
      400 Main Street Blvd, Hattiesburg, MS 39402
      View Details
    • $1,200,000
      2,942 SF

      Turnkey Bar and Pub Opportunity

      Established bar and pub for sale in Hattiesburg, MS.
      2100 W Pine St, Hattiesburg, MS 39402
      View Details
    • $459,900
      1,997 SF

      Established Store in Dixie Community

      Fully stocked, operating country store with restaurant and gas tanks.
      1242 Elks Lake Rd, Hattiesburg, MS 39401
      View Details
    • $750,000
      5,805 SF

      Hattiesburg Office Plaza For Sale

      Office plaza in the heart of Hattiesburg's office/retail district.
      17 Plaza Dr, Hattiesburg, MS 39402
      View Details
    • $325,000
      Pending

      Renovated Office Building in Oak Grove

      Modern office building with seven offices, conference room, and storage.
      5119 Old Highway 11, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      Pending

      Established Drive-Thru Business Opportunity

      Buildings, equipment, furniture, and fixtures of Mudslinger's Drive-Thru Coffee.
      1807 Evelyn Gandy Pkwy, Hattiesburg, MS 39401
      View Details
    • $360,000
      5,680 SF

      Hattiesburg Commercial Building For Sale

      Versatile commercial building with offices, break room, and ample parking.
      5106 Old Highway 42, Hattiesburg, MS 39402
      View Details
    • $1,150,000

      Single-Family Home Portfolio in Mississippi

      8-property single-family rental portfolio in Petal, Sumrall, Purvis, Hattiesburg.
      8 Single Family Portfolio, Hattiesburg, MS 39402
      View Details
    • New
      $215,000

      Hattiesburg Income-Producing Fourplex

      Fully leased four-unit property near downtown Hattiesburg with immediate cashflow.
      111 Mable St, Hattiesburg, MS 39401
      View Details
    • $219,000
      5,500 SF

      Hattiesburg Retail Business Opportunity

      Large retail space with vendor rental potential on Hwy 49.
      4510 U S Highway 49, Hattiesburg, MS 39401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot with community amenities in Bellegrass, Hattiesburg.
    Where is this residential land & home lot located?
    The property is located at 161 Bellegrass Blvd Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $47,190.
    What are key features of this property?
    This property features: - Access to a wide range of community amenities including a **swimming pool, playground, tennis, pickleball, and basketball courts.**; - Located in the desirable Bellegrass Subdivision.; - Wooded lot offering natural beauty.
    (601) 909-6940
    Request Owner's contact information
    161 Bellegrass Blvd Hattiesburg, MS 39402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    161 Bellegrass Blvd
    Hattiesburg, MS 39402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 Bellegrass Blvd Hattiesburg, MS 39402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Noah Riley
    Real Estate License ID: S-61027
    (601) 909-6940
    Learn more
    Google sign-in failed. Please try again or use another login method.