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Property profile & analytics
OFF-MARKET
Office buildings

404 Frontage E Dr Wiggins, MS 39577-8129

1,156 SF 4.8 ac lot Built 1970
Entity Owned Free & Clear
Property ID
US50-1239004
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving commercial property in Wiggins, MS, encompassing a 12,374 square foot complex situated on a generous 5.27-acre lot. The property currently operates as the Southern Inn Motel, featuring 25 individual rental units, generating substantial income through nightly rentals. Single-bed units command $60.00 per night, while double-bed units rent for $70.00 per night. Adding to the revenue stream are three spacious suites, each approximately 1,160 square feet, currently leased at $1750.00 per month or $100.00 per night. The main hotel and office building comprises 8,874 square feet, while a separate building housing the three suites adds another 3,500 square feet. This versatile property is ideally suited for a variety of uses, catering to both short-term and long-term guests, offering significant potential for increased revenue and return on investment. The property's size and location provide ample opportunity for expansion or diversification of services. This is a turnkey operation with proven income streams, making it an attractive proposition for savvy investors seeking a strong foothold in the hospitality sector. The substantial square footage and expansive lot offer significant flexibility for future development and growth. This property presents a rare opportunity to acquire a well-established and profitable business with considerable upside potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 1,156 SF
Lot 4.8 ac (209,088 SF)
APN 106 -23-038.000
UPID US50-1239004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SOUTHERN INN INC
SOUTHERN INN INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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