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 Market199
Property Features for 1906 Hardy Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
OFFICE
Listing Agency:
London & Stetelman Realtors
(601) 270-9933
Listed By:
Andy D Stetelman
(601) 270-9933
Source:
Moodyscre
Added: Jan 13
Changed: Jul 22
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 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 | $21.6k | $14.40 |
| − Vacancy | −$4.8k | −$3.17 |
| EGI | $16.8k | $11.23 |
| − OpEx | −$4.2k | −$2.81 |
| NOI | $12.6k | $8.42 |
1,500 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
560
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
