Nine-Suite Office
New
For Sale
$269,000
1307 Adeline St, Hattiesburg, MS 39401
Commercial Sale, Hattiesburg, MS
Property Size1,843 SF
Lot Size0.09 Acres
Price / SF$145.96
Days on Market1
Property Features for 1307 Adeline St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Lot features
Corner Lot
Subdivision
Hattiesburg Southeast
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT BLK BEG AT INTSEC OF E LINE 10THAVE WITH NW LINE ADELINE ST N 119.8FT SE 84.66FT TO ADELINE ST SW91.28FT TO BEG B
Tax Annual Amount
2382
Legal Description
PT BLK BEG AT INTSEC OF E LINE 10THAVE WITH NW LINE ADELINE ST N 119.8FT SE 84.66FT TO ADELINE ST SW91.28FT TO BEG B
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Flooring type
Laminate, Tile, Vinyl
Building materials
Wood Frame, Brick Veneer
Listing Agency:
Cranford & Company
(601) 450-1020
Listed By:
Chad Cranford · License #B-20252
(601) 408-5893
Added: Oct 9
Last Checked: Oct 9 at 12:06PM
MLS# 149047
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.
Investment Insights
Based on property information with market context.
At 1307 Adeline St, this two-story office building contains approximately 1,843 SF arranged as nine suites. Four suites occupy the first floor and five are upstairs, alongside a common entrance and waiting area and two restrooms. Wood-frame construction with brick veneer is finished with laminate, tile, and vinyl flooring. Heating is electric, and the building has central air. The property has operated as a salon-suite facility, and existing tenancies apply.
The approximately 0.093-acre parcel has paved parking areas with access from Adeline Street and South 10th Avenue. B-1 zoning is identified in a December 2024 appraisal; current permitted uses and property details should be confirmed.
The approximately 0.093-acre parcel has paved parking areas with access from Adeline Street and South 10th Avenue. B-1 zoning is identified in a December 2024 appraisal; current permitted uses and property details should be confirmed.
Key Highlights
- Approximately 1,843 SF in a two‑story building
- Nine suites: four on the first floor and five upstairs
- Approximately 0.093‑acre site with paved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,525
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,500
$310.5K
Cap Rate 7%
$221,786
$221.8K
Cap Rate 9%
$172,500
$172.5K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$26.5K $14.40/SF
− Vacancy
−$5.8K −$3.17/SF
EGI
$20.7K $11.23/SF
− OpEx
−$5.2K −$2.81/SF
NOI
$15.5K $8.42/SF
Area
Forrest County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,500
Cap Rate 7%
$221,786
Cap Rate 9%
$172,500
Alternative Uses
Best Use
Office B
$221.8K
$194.1K – $258.8K
NOI $15,525 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.3K
$265.4K – $353.9K
NOI $21,231 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 39401, MS
43,183
Population
20,232
Households
2.1
Avg Household Size
32
Median Age
28%
College-Educated
89%
High-School Grad
188.9 sq mi
ZIP Area
229
Density / Sq Mi
$40,287
Median Household Income
$25,697
Median Earnings
$932
Median Rent
$120,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two floors provide a shared reception and waiting area, with restrooms serving the suite layout.
Where is this office building located?
The property is located at 1307 Adeline St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Approximately 1,843 SF in a two‑story building; Nine suites: four on the first floor and five upstairs; Approximately 0.093‑acre site with paved parking
