Two-Story Office
For Sale
Contact for pricing
17 Plaza Dr, Hattiesburg, MS 39402
Two-story office building with 16 private offices, a bullpen area, conference room, break room, and four restrooms.
Property Size6,557 SF
Price / SF$101.27
Days on Market149
Property Features for 17 Plaza Dr
General Information
Standard status
Active
Size
6,557 SF
Total Parking Spaces
26
Property subtype
OFFICE
Zoning
B-5
Additional Details
Highway Access
Yes
Amenities
private offices
bullpen/workstation area
large conference room
reception/lobby areas
break room/kitchen
restrooms
Building Details
Stories
2
Listing Agency:
London & Stetelman Realtors
(601) 268-8770
Listed By:
Markus Simmons · License #S-56296
(601) 270-5965
Source:
Moodyscre
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 28 at 12:07PM
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
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Investment Insights
Based on property information with market context.
Two-story office building with an efficient layout designed for day-to-day workspace needs. The space includes 16 private offices, a bullpen/workstation area that can accommodate up to 6 additional personnel, a large conference room, two reception/lobby areas, a break room/kitchen, and four restrooms. The first floor contains 3,677 square feet, and the second floor contains 2,880 square feet.
Conveniently positioned three blocks from U.S. Highway 98 and four blocks from Interstate 59, the property offers access to Hattiesburg’s primary commercial thoroughfares and surrounding business districts. The site includes 26 existing parking spaces, with additional land available for parking expansion if desired.
The property is located in B-5 zoning. FF&E may be included by further negotiation.
Conveniently positioned three blocks from U.S. Highway 98 and four blocks from Interstate 59, the property offers access to Hattiesburg’s primary commercial thoroughfares and surrounding business districts. The site includes 26 existing parking spaces, with additional land available for parking expansion if desired.
The property is located in B-5 zoning. FF&E may be included by further negotiation.
Key Highlights
- Two‑story office building with 3,677 SF on the first floor and 2,880 SF on the second floor
- Floor plan includes 16 private offices plus bullpen/workstation area for up to 6 additional personnel
- Amenities include a large conference room, two reception/lobby areas, and a break room/kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,236
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,720
$1.1M
Cap Rate 7%
$789,086
$789.1K
Cap Rate 9%
$613,733
$613.7K
Market Conditions
NOI Build-Up for 6,557 SF
Gross rent
$94.4K $14.40/SF
− Vacancy
−$20.8K −$3.17/SF
EGI
$73.6K $11.23/SF
− OpEx
−$18.4K −$2.81/SF
NOI
$55.2K $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%
$1,104,720
Cap Rate 7%
$789,086
Cap Rate 9%
$613,733
Alternative Uses
Best Use
Office B
$789.1K
$690.5K – $920.6K
NOI $55,236 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$944.2K – $1.26M
NOI $75,537 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with 16 private offices, a bullpen area, conference room, break room, and four restrooms.
Where is this office building located?
The property is located at 17 Plaza Dr Hattiesburg, MS.
What is the asking price?
The asking price for this property is $664,000.
What are key features of this property?
This property features: Two‑story office building with 3,677 SF on the first floor and 2,880 SF on the second floor; Floor plan includes 16 private offices plus bullpen/workstation area for up to 6 additional personnel; Amenities include a large conference room, two reception/lobby areas, and a break room/kitchen
