Warehouse with Office and
For Sale
$995,000
121 Lundy Lane, Hattiesburg, MS 39402
A mixed warehouse, private office, and showroom building suited for parts retailers or small contractors.
Property Size13,525 SF
Days on Market129
Property Features for 121 Lundy Lane
General Information
Standard status
Active
Size
13,525 SF
Property subtype
Industrial
Building Details
Building Size
13,525 SF
Year Built
1996
Stories
1
Listing Agency:
Gulf States Commercial Properties, LLC
Listed By:
Greg Brett · License #S-51853
(601) 297-1780
Source:
Commercialcafe
Added: Jun 16
Changed: Oct 21
Last Checked: Oct 20 at 5:43PM
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 Gulf States Commercial Properties, LLC
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Investment Insights
Based on property information with market context.
The property is a 13,125 SF building that combines warehouse space with private offices and a showroom. This layout supports operations that need both light warehousing and a dedicated space for customer-facing presentation. The building is offered for sale as a single commercial facility.
Located at 121 Lundy Ln in Hattiesburg, MS, the property is positioned for day-to-day business use where on-site storage and an office/showroom component can streamline workflow. The offering includes the warehouse area along with the office and showroom portions within the same building.
For tenants or buyers looking for a small, functional footprint, the mix of warehouse space and private office makes the site practical for businesses that store inventory or equipment while maintaining an organized front-facing area. The showroom can accommodate customer visits and product display, making the building a logical fit for a parts store or a small contractor that needs both operational space and a professional in-person presence.
Located at 121 Lundy Ln in Hattiesburg, MS, the property is positioned for day-to-day business use where on-site storage and an office/showroom component can streamline workflow. The offering includes the warehouse area along with the office and showroom portions within the same building.
For tenants or buyers looking for a small, functional footprint, the mix of warehouse space and private office makes the site practical for businesses that store inventory or equipment while maintaining an organized front-facing area. The showroom can accommodate customer visits and product display, making the building a logical fit for a parts store or a small contractor that needs both operational space and a professional in-person presence.
Key Highlights
- 13,125 SF building with warehouse space, private offices, and a showroom
- Year built 1996
- Layout includes warehouse plus dedicated private office and showroom areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,194
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,880
$1.8M
Cap Rate 7%
$1,259,914
$1.3M
Cap Rate 9%
$979,933
$979.9K
Market Conditions
NOI Build-Up for 13,525 SF
Gross rent
$154.2K $11.40/SF
− Vacancy
−$18.5K −$1.37/SF
EGI
$135.7K $10.03/SF
− OpEx
−$47.5K −$3.51/SF
NOI
$88.2K $6.52/SF
Area
Forrest County, MS
Vacancy
12.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,880
Cap Rate 7%
$1,259,914
Cap Rate 9%
$979,933
Alternative Uses
Best Use
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,194 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$1.13M
$985.8K – $1.31M
NOI $78,861 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,808 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 39402, MS
44,633
Population
18,780
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
93.2 sq mi
ZIP Area
479
Density / Sq Mi
$71,254
Median Household Income
$41,552
Median Earnings
$1,183
Median Rent
$255,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Sweet Bit N More — 29 Park Pl, Hattiesburg, MS 39402
Frequently Asked Questions
What type of property is this?
Flex space - A mixed warehouse, private office, and showroom building suited for parts retailers or small contractors.
Where is this flex space located?
The property is located at 121 Lundy Lane Hattiesburg, MS.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 13,125 SF building with warehouse space, private offices, and a showroom; Year built 1996; Layout includes warehouse plus dedicated private office and showroom areas
