Former Gas Station
1301 Carterville Rd, Petal, MS 39465
For Sale
$329,000
Under Contract
Commercial Sale, Petal, MS
Property Size2,300 SF
Price / SF$143.04
Days on Market206
Property Features for 1301 Carterville Rd
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Lot features
Subdivision
Standard status
Additional Details
Real Estate Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Flooring type
Building materials
Buildings
Listing Agency:
RE/MAX Real Estate Partners · RE/MAX International
(601) 296-2001
Listed By:
Kristen Dickinson · License #S-56163
(601) 543-7927
Added: Apr 15
Changed: Nov 2
Last Checked: Nov 6 at 11:06PM
MLS# 146709
Copyright © 2026 Hattiesburg Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,300-square-foot commercial building at 1301 Carterville Rd in Petal, Mississippi, was formerly used as a gas station. The underground tanks and fuel pumps have been removed. Construction includes brick veneer and steel siding, with tile and concrete flooring throughout the existing improvements. Central heating and central air are in place, and electricity is available. The property also includes a bathroom. The building is described as suitable for retail, office, automotive, or service-oriented use, subject to applicable requirements.
Key Highlights
- 2,300‑square‑foot commercial building
- Former gas station with underground tanks and fuel pumps removed
- Brick veneer and steel siding construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,857
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,140
$477.1K
Cap Rate 7%
$340,814
$340.8K
Cap Rate 9%
$265,078
$265.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$34.5K $15.00/SF
− Vacancy
−$2.7K −$1.17/SF
EGI
$31.8K $13.83/SF
− OpEx
−$8.0K −$3.46/SF
NOI
$23.9K $10.37/SF
Area
Forrest County, MS
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,140
Cap Rate 7%
$340,814
Cap Rate 9%
$265,078
Alternative Uses
Best Use
Specialty Retail
$340.8K
$298.2K – $397.6K
NOI $23,857 @ 7.0% cap · market cap 7.25%
Second Best
Retail
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,652 visits/mo
0.1 miles
Demographics for 39465, MS
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Brick-and-steel commercial building with central heating, central air, tile, and concrete flooring.
Where is this gas station located?
The property is located at 1301 Carterville Rd Petal, MS.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,300‑square‑foot commercial building; Former gas station with underground tanks and fuel pumps removed; Brick veneer and steel siding construction
