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

    404 E Frontage Dr Wiggins, MS 39577

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $990,000

    25-unit motel with suites, ideal for varied rental strategies.

    Lot size:
    5.27 Acres

    Property Features for 404 E Frontage Dr

    General Information

    Lot size
    5.27 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Ashley Mcdonald
    Source: Cbcworldwide

    Listing Agent: Ashley Mcdonald

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

    Learn more

    Property Insight Report

    Overview

    Southern Inn Motel For Sale

    The Southern Inn Motel presents a significant income potential. Currently, the motel features 25 units, renting for $60.00 per night for a one-bed unit and $70.00 per night for a two-bed unit. The sale includes 3 suites, each approximately 1,160 square feet, which are leased out for $1750.00 per month or $100.00 per night. The main hotel and office building measures 8,874 square feet, while the 3-suite building totals 3,500 square feet. This property is suitable for long-term, weekly, and nightly stays.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel

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

    Similar Places Nearby

    Western Motel, Southern Inn, Hampton Inn & Suites Wiggins, Southern Inn Residences, Americas Best Value Inn Wiggins

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Stone
    State
    Mississippi
    Longitude
    -89.157351
    Latitude
    30.855103

    Nearby Similar for Sale

    • $625,000
      4,250 SF

      Wiggins Commercial Property For Sale

      5.8 acre commercial property with truck wash bays and residence.
      2707 Highway 49, Wiggins, MS 39577
      View Details
    • $172,500
      Pending

      Commercial Property in Downtown Wiggins

      Affordable commercial property with high traffic in downtown Wiggins.
      332 S Magnolia Dr, Wiggins, MS 39577
      View Details
    • Contact for pricing
      2,342 SF

      Established Restaurant in Historic Downtown

      Restaurant opportunity in Wiggins, MS, with equipment and outdoor patio.
      127 N Magnolia Dr, Wiggins, MS 39577
      View Details
    • $625,000
      4,250 SF

      Wiggins Hwy 49 Commercial Property

      High-visibility commercial lot with shop & home.
      2707 Highway 49, Wiggins, MS 39577
      View Details
    • $490,000
      378,972 SF

      Wiggins Commercial Land Investment

      Prime 8.7-Acre Commercial Tract
      Magnolia Dr, Wiggins, MS 39577
      View Details
    • Contact for pricing
      4,948 SF

      Turnkey Bar Opportunity, Wiggins, MS

      Fully equipped bar for immediate business on Hwy 13.
      918 Highway 13, Wiggins, MS 39577
      View Details
    • $172,500
      2,560 SF

      Wiggins Commercial Property - High Traffic!

      Downtown Wiggins, MS - Income Producing!
      332 Magnolia Dr, Wiggins, MS 39577
      View Details
    • $350,000
      2,342 SF

      Historic Wiggins Restaurant - Turnkey Operation

      Charming Downtown Eatery, Established Business, High Potential
      127 Magnolia Dr, Wiggins, MS 39577
      View Details
    • $399,900
      8,405 SF

      Highway 49 Retail Opportunity

      High-traffic Wiggins retail space, 8,405 sq ft.
      2205 U Hwy, Wiggins, MS 39577
      View Details
    • $1,300,000
      12,374 SF

      Wiggins Motel & Suites Investment

      High-Income Potential, 25+ Units
      404 Frontage Dr, Wiggins, MS 39577
      View Details
    • $265,000
      4.47 Acres

      High-Traffic Wiggins Commercial Land

      Prime 4.47-acre commercial lot near major highways.
      Frontage Rd, Wiggins, MS 39577
      View Details
    • $279,000

      High-Visibility Wiggins Commercial Land

      5.3 Acres, Hwy 49 Frontage, High Traffic
      49 Lot 5.3 Ac Old Hwy, Wiggins, MS 39577
      View Details

    FAQs

    What type of property is this?
    Motel - 25-unit motel with suites, ideal for varied rental strategies.
    Where is this motel located?
    The property is located at 404 E Frontage Dr Wiggins, MS.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Income potential from 25 motel units and 3 suites.; - Existing rental income: One bed units at $60/night, two bed units at $70/night, and suites at $1750/month or $100/night.; - Three suites included, each approximately 1,160 sq ft.
    (228) 287-1200
    Request Owner's contact information
    404 E Frontage Dr Wiggins, MS 39577
    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.
    404 E Frontage Dr
    Wiggins, MS 39577
    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
    404 E Frontage Dr Wiggins, MS 39577
    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
    Ashley Mcdonald
    (228) 287-1200 (228) 229-5927
    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!