Character Office
208 S 25th Avenue, Hattiesburg, MS 39401
For Sale
$165,000
Commercial Sale, Hattiesburg, MS
Property Size1,518 SF
Lot Size0.31 Acres
Price / SF$108.70
Days on Market174
Property Features for 208 S 25th Avenue
General Information
Property type
Property subtype
Bathrooms
Half bathrooms
Rooms
Parking features
Window features
Exterior features
Accessibility
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Amenities
reception area
large windows
wood flooring
kitchenette
detached storage building
mature trees
Building Details
Year built
Floors in Building
Flooring type
Roof type
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Damaris Royalty · License MS S57621
(208) 519-2612
Added: May 23
Changed: Nov 6
Last Checked: Nov 12 at 8:06AM
MLS# 4150397
Copyright © 2026 MLS United. 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 1,518-square-foot office property includes a front reception area, multiple offices, additional adaptable rooms, and a kitchenette. Hardwood flooring, central heating and air conditioning, and an accessible approach with a ramp are also in place. A private entrance serves the building, and a separate storage structure provides additional on-site space.
The property occupies a 0.31-acre lot at 208 S 25th Avenue in Hattiesburg. It is near The University of Southern Mississippi, Downtown Hattiesburg, Hardy Street, shopping, restaurants, and major commuter routes. A parking lot with open parking serves the property.
The property occupies a 0.31-acre lot at 208 S 25th Avenue in Hattiesburg. It is near The University of Southern Mississippi, Downtown Hattiesburg, Hardy Street, shopping, restaurants, and major commuter routes. A parking lot with open parking serves the property.
Key Highlights
- 1,518 square feet of office space on a 0.31‑acre lot
- Multiple offices, adaptable rooms, reception area, and kitchenette
- Detached storage building and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,788
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,760
$255.8K
Cap Rate 7%
$182,686
$182.7K
Cap Rate 9%
$142,089
$142.1K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$21.9K $14.40/SF
− Vacancy
−$4.8K −$3.17/SF
EGI
$17.1K $11.23/SF
− OpEx
−$4.3K −$2.81/SF
NOI
$12.8K $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%
$255,760
Cap Rate 7%
$182,686
Cap Rate 9%
$142,089
Alternative Uses
Best Use
Office B
$182.7K
$159.9K – $213.1K
NOI $12,788 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Forrest County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A detached storage building and flexible interior rooms add practical support space for office operations.
Where is this office building located?
The property is located at 208 S 25th Avenue Hattiesburg, MS.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,518 square feet of office space on a 0.31‑acre lot; Multiple offices, adaptable rooms, reception area, and kitchenette; Detached storage building and private entrance
