Office Unit for
For Sale
Contact for pricing
1906 Hardy Street, Hattiesburg, MS 39401
Office unit offered for sale with seller preference for sale ownership and potential owner financing for qualified buyers.
Property Size1,500 SF
Price / SF$116.67
Days on Market239
Property Features for 1906 Hardy Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
OFFICE
Properties For Sale
at 1906 Hardy Street Contact us- Size
- 1,500 SF
- Type
- OFFICE
- Lease Type
- GROSS
- Availability
- PENDING
Uptown Hattiesburg
Note ownership prefers to sell and owner finance for a qualified purchaser
Contact us
Listing Agency:
London & Stetelman Realtors
(601) 268-8770
Listed By:
Andy D Stetelman
(601) 270-9933
Source:
Moodyscre
Added: Jan 13
Changed: Aug 8
Last Checked: Jul 22 at 2:38AM
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
Investment Insights
Based on property information with market context.
This office unit is offered for sale. The property size is approximately 1,500 square feet, and the asking price is $175,000.
Per the seller’s remarks, ownership prefers a sale and may consider owner financing for a qualified purchaser. The property is located at 1906 Hardy Street, Hattiesburg, MS 39401.
Interested buyers should review the owner-financing terms during negotiations, as the seller’s comment indicates financing may be available for qualified purchasers.
Per the seller’s remarks, ownership prefers a sale and may consider owner financing for a qualified purchaser. The property is located at 1906 Hardy Street, Hattiesburg, MS 39401.
Interested buyers should review the owner-financing terms during negotiations, as the seller’s comment indicates financing may be available for qualified purchasers.
Key Highlights
- Office unit for sale
- Seller prefers an ownership sale and may offer owner financing for a qualified purchaser
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,720
$252.7K
Cap Rate 7%
$180,514
$180.5K
Cap Rate 9%
$140,400
$140.4K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$21.6K $14.40/SF
− Vacancy
−$4.8K −$3.17/SF
EGI
$16.8K $11.23/SF
− OpEx
−$4.2K −$2.81/SF
NOI
$12.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,720
Cap Rate 7%
$180,514
Cap Rate 9%
$140,400
Alternative Uses
Best Use
Office B
$180.5K
$158.0K – $210.6K
NOI $12,636 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office unit offered for sale with seller preference for sale ownership and potential owner financing for qualified buyers.
Where is this office units located?
The property is located at 1906 Hardy Street Hattiesburg, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Office unit for sale; Seller prefers an ownership sale and may offer owner financing for a qualified purchaser
