5173 W 4th St, Hattiesburg, MS
Two-story restaurant with a fully outfitted kitchen and patio.
- Added:
- Sep 22, 2021
- Days on Market:
- 1736
- Last Refresh:
- May 19 at 10:50 pm
Property Features for 5173 W 4th St
General Information
- Standard status
- Active
- Size
- 7,955 SF
- Lot size
- 0.81 Acres
- Property subtype
- RETAIL
Listing agent Markus Simmons (601) 270-5965
Listing office London & Stetelman Realtors (601) 270-5965
Listing date Sep 22, 2021
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of London & Stetelman Realtors
HighLights
- Fully outfitted restaurant space with two floors of dining and a heated/cooled outdoor patio.
- Asking price includes all furniture, fixtures, and equipment.
- Includes three commercial fermenters.
- Lamar County is now "wet", allowing alcohol sales.
- Bank foreclosure/ORE property.
- Restaurant space.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.3k | $15.00 |
| − Vacancy | −$9.3k | −$1.17 |
| EGI | $110.0k | $13.83 |
| − OpEx | −$27.5k | −$3.46 |
| NOI | $82.5k | $10.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hattiesburg
- County
- Forrest
- State
- Mississippi
- Longitude
- -89.381269
- Latitude
- 31.334332
