Office Building with Adjacent
6184 US-98 Hattiesburg, MS 39402
6184 US-98, Hattiesburg, MS, 39402
Contact for pricing
For Sale
Contact for pricing
Pending
For sale office building package includes included land and optional additional adjacent land; seller financing is available.
Property Size30,174 SF
Days on Market1071
Property Features for 6184 US-98
General Information
- Standard status
- Pending
- Size
- 30,174 SF
- Property subtype
- Office
Listing agency
London & Stetelman
Listed by
Andy Stetelman,SIOR,GRI · License #MS 8774
Source
Crexi
Added: Aug 17, 2023 Updated: Jul 21 at 1:03AM Checked: Jul 21 at 8:55AM
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
Investment Insights
Based on property information with market context.
This for-sale offering includes an office building along with a 1.62+/- land footprint. A separate 2.79+/- parcel of land adjacent to the south is available by negotiation, allowing the buyer to potentially expand beyond the included footprint.
The property is located at 6184 US-98 in Hattiesburg, Mississippi. Ownership is open to seller financing, which may provide additional flexibility for qualified buyers looking to structure the transaction.
The property is located at 6184 US-98 in Hattiesburg, Mississippi. Ownership is open to seller financing, which may provide additional flexibility for qualified buyers looking to structure the transaction.
Key Highlights
- Office building included in the purchase price with a 1.62+/- land footprint
- Additional 2.79+/- AC of adjacent land available to purchase by negotiation
- Seller financing is available
Local Financial Insights For Office B
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 | $434.5k | $14.40 |
| − Vacancy | −$95.6k | −$3.17 |
| EGI | $338.9k | $11.23 |
| − OpEx | −$84.7k | −$2.81 |
| NOI | $254.2k | $8.42 |
30,174 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.63M
$3.18M – $4.24M
NOI $254,186 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.79M
NOI $347,604 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For sale office building package includes included land and optional additional adjacent land; seller financing is available.
Where is this office building located?
The property is located at 6184 US-98 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Office building included in the purchase price with a 1.62+/- land footprint; Additional 2.79+/- AC of adjacent land available to purchase by negotiation; Seller financing is available
