Add Listing
    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

    22.65 Acre Lamar Blvd Hattiesburg, MS 39402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,439,853

    Prime 22.65-Acre Development Site

    Property Features for 22.65 Acre Lamar Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    986,634 SF

    We can help!

    Listing Contact
    Michael Mitchell

    Listing Agency: South & Company Properties Listing Agent: Michael Mitchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 22.65-acre commercial parcel presents a unique investment opportunity in Hattiesburg, Mississippi's burgeoning West Hattiesburg area. Strategically located on Lamar Boulevard, adjacent to Regions Bank Headquarters, this property is ideally positioned within Hattiesburg's Regional Business District and zoned B-5, allowing for Class A development. The City of Hattiesburg's significant investment in infrastructure improvements along Lamar Boulevard, Lincoln Road, and Hegwood Road makes this a particularly attractive proposition. Phase 1 of the Lamar Boulevard renovation is complete, featuring resurfacing, new curbs and gutters, storm water drainage upgrades, and fresh landscaping. Phase 2 will encompass lighting improvements, extending from Highway 98 to Lincoln Road. Simultaneously, Lincoln Road is undergoing widening. This prime location offers unparalleled access and visibility, making it perfect for a variety of commercial ventures. The property's size and strategic location within a rapidly developing area promise substantial returns for discerning investors seeking a high-impact development opportunity. The existing infrastructure improvements and ongoing city investments further enhance the long-term value and potential of this exceptional property. This is a rare chance to capitalize on the growth and revitalization of West Hattiesburg.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.39518
    Latitude
    31.30992

    Nearby Similar for Sale

    • New
      $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
    • $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
    • $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
    • $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
    • $66,000
      4,708 SF

      Classic Office Building in Hattiesburg

      Commercial office building with classic character, excellent for professional uses.
      802 W Pine St, 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
    • New
      $225,000
      12,400 SF

      Mixed-Use Building with Warehouse Space

      Two-story building with warehouse space, suitable for various businesses.
      1209 A Corinne 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
    • $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
    • New
      $135,000
      2,000 SF

      Hattiesburg Commercial Building with Potential

      Versatile commercial building in Hattiesburg, ready for transformation.
      1209 B Corinne St, Hattiesburg, MS 39401
      View Details
    • $285,000
      Pending

      Hattiesburg Quadruplex in Oak Grove

      Fully occupied multifamily property in the Oak Grove School District.
      49 Hillcrest Dr, Hattiesburg, MS 39402
      View Details
    • $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

    FAQs

    What type of property is this?
    Commercial real estate - Prime 22.65-Acre Development Site
    Where is this commercial real estate located?
    The property is located at 22.65 Acre Lamar Blvd Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $4,439,853.
    (601) 818-4004
    Request Owner's contact information
    22.65 Acre Lamar 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.
    22.65 Acre Lamar 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
    22.65 Acre Lamar 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
    Michael Mitchell
    Real Estate License ID: B-22274
    (601) 818-4004 (601) 550-3359
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!