Historic Home Near New
1002 W Pine St Hattiesburg, MS
1002 W Pine St, Hattiesburg, MS, 00000
Contact for pricing
For Sale
Contact for pricing
Historic property with expansion potential near downtown Hattiesburg.
Property Size2,935 SF
Lot Size1.68 Acres
Price / SF$136.29
Days on Market819
Property Features for 1002 W Pine St
General Information
- Standard status
- Active
- Size
- 2,935 SF
- Lot size
- 1.68 Acres
- Property subtype
- RETAIL
Listing agency
London & Stetelman Realtors
(601) 270-5965
Listed by
Markus Simmons
(601) 270-5965
Source
Moodyscre
Added: Apr 24, 2024 Updated: Jul 6 at 8:51AM Checked: Jul 21 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of London & Stetelman Realtors
Investment Insights
Based on property information with market context.
This historic home is located next to the site of a new overpass connecting to W Pine Street. The property features historic architectural details throughout. The building includes approximately 3,000 square feet, plus an estimated 800 square foot finished attic, a 400 square foot basement, and a detached 3-car garage with an approximately 900 square foot apartment above. The large lot could accommodate parking or future building expansion. The property is centrally located approximately 0.7 miles from Downtown Hattiesburg, 2.5 miles from Midtown Hattiesburg and the University of Southern Mississippi, 2.6 miles from Forrest General Hospital, 1.2 miles from William Carey University, 1.3 miles from Hwy. 49, and 3.5 to 4.8 miles from I-59.
Key Highlights
- Centrally located near Downtown Hattiesburg, hospitals, universities, and major highways.
- Large lot with potential for parking or building expansion.
- Historic home with original architectural details.
Local Financial Insights For 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 | $35.2k | $12.00 |
| − Vacancy | −$3.0k | −$1.02 |
| EGI | $32.2k | $10.98 |
| − OpEx | −$9.7k | −$3.29 |
| NOI | $22.6k | $7.69 |
2,935 SF · lease $12.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.0K
$422.6K – $563.5K
NOI $33,811 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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- Coughlin Florist — 400 Bay St, Hattiesburg, MS 39401
FAQs
What type of property is this?
Storefront property - Historic property with expansion potential near downtown Hattiesburg.
Where is this storefront property located?
The property is located at 1002 W Pine St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Centrally located near Downtown Hattiesburg, hospitals, universities, and major highways.; Large lot with potential for parking or building expansion.; Historic home with original architectural details.
