Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    013 Thomas Richard Ln. Hattiesburg, MS 39401

    View on Map
    Claim this Listing
    Pending
    $49,500

    Other - See Remarks,Undeveloped Land, Residential Land - Hattiesburg, MS

    Type:Single Family Residence
    Lot size:
    3.00 Acres
    Added:
    May 24, 2024
    Days on Market:
    705
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 013 Thomas Richard Ln.

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    County
    Standard status
    Pending
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Don Bales

    Listing agent Don Bales License #S-52227

    Listing office Southern States Realty 4142 Hwy 24 W., McComb, MS 39648, Hattiesburg, MS

    Listing date May 24, 2024

    MLS# 138166 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.

    Overview

    Residential Land in Dixie Community

    This is an opportunity to build a new home in the Bufkin Ridge Estates subdivision, located in the Dixie Community off Browns Bridge Road in Forrest County. The available lots range from 3.0 to 8.85 acres and feature frontage along Thomas Richard Lane. Lot 13 is 3.00 acres. The lots are fully wooded, allowing for customized home placement among the pine and hardwood trees. The location is approximately 5 miles from the Hwy 98 bypass in south Hattiesburg and about the same distance from I-59 and Purvis via Browns Bridge Road and Hwy 589. Deed Restrictions will convey with each lot.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.323599
    Latitude
    31.17277

    Nearby Similar for Sale

    • $385,000
      3,226 SF

      Hattiesburg Office Building on Pine

      Legacy office location in Historic Downtown Hattiesburg.
      814 W Pine St., Hattiesburg, MS 39401
      View Details
    • $850,000
      16,000 SF

      Hattiesburg Retail Building on Hardy

      16,000 SF retail building on heavily traveled Hardy Street.
      1305 Hardy St., Hattiesburg, MS 39401
      View Details
    • $699,500
      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
    • $105,000
      750 SF

      Hattiesburg Commercial Property For Sale

      Versatile 750 SF commercial property ideal for office or retail.
      307 3rd Ave., Hattiesburg, MS 39401
      View Details
    • $449,900
      1,997 SF

      Established Store in Dixie Community

      Fully stocked, operating country store with restaurant and gas tanks.
      1242 Elks Lake, Hattiesburg, MS 39401
      View Details
    • $369,000
      900 SF

      Hattiesburg Commercial Property For Sale

      3.25-acre commercial property with office and frontage on Old Hwy 42.
      5205 Old Hwy 42, Hattiesburg, MS 39401
      View Details
    • $249,000
      60,000 SF

      Hattiesburg Office Building For Sale

      Versatile office building in Hattiesburg, MS with ample parking.
      1000 S 17th Ave., Hattiesburg, MS 39401
      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
    • $699,500

      Prime Commercial Land Opportunity

      20.47 acre commercial land for development in Hattiesburg, MS.
      0 US 49, Hattiesburg, MS 39402
      View Details
    • $199,000
      5,500 SF

      Hattiesburg Retail Business Opportunity

      Large retail space with vendor rental potential on Hwy 49.
      4510 US Hwy 49, Hattiesburg, MS 39401
      View Details
    • $325,000
      3,360 SF

      Downtown Hattiesburg Commercial Opportunity

      Character-rich commercial property in downtown Hattiesburg, high-visibility location.
      511 E Pine St., Hattiesburg, MS 39401
      View Details
    • $629,900

      Hattiesburg Multifamily Investment Opportunity

      Eight-unit multifamily property with expansion potential in Lamar school district.
      101 Lexington Dr., Hattiesburg, MS 39402
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped land in a new subdivision, Forrest County.
    Where is this land located?
    The property is located at 013 Thomas Richard Ln. Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: Large Lots: Ranging from 3.0 to 8.85 acres, offering ample space.; New Subdivision: Build your dream home in a developing community.; Wooded Lots: Enjoy the privacy and beauty of nature surrounding your property.
    (601) 606-8881
    We can help!
    Listing Contact
    Don Bales
    Real Estate License ID: S-52227
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!