Turn-Key Butcher Shop & Meat
For Sale
Contact for pricing
25 Monroe Road, Hattiesburg, MS 39401
Fully equipped meat market offering walk-in cooler and cutting room plus operational systems for immediate continuation.
Property Size2,897 SF
Lot Size0.78 Acres
Price / SF$224.37
Days on Market59
Property Features for 25 Monroe Road
General Information
Standard status
Active
Size
2,897 SF
Lot size
0.78 Acres
Property subtype
Retail, Business for Sale
Additional Details
Business Included
Yes
Traffic Count
17,000 vehicles/day
Building Details
Year Built
2018
Listing Agency:
KW Elite Keller Williams Realty
Listed By:
Chandler Farris · License #MS - 21903
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 5:56AM
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 KW Elite Keller Williams Realty
Investment Insights
Based on property information with market context.
This turn-key butcher shop and meat market is offered as a complete operating package, including equipment, furnishings, current product/inventory, and operational systems designed for a seamless transition. The facility includes two display freezers and two display coolers, along with a stand-alone walk-in freezer and a stand-alone walk-in cutting room. Core production and prep equipment is in place, including a commercial-grade meat grinder, meat/bone saw, deli slicer, vacuum sealer, and commercial-grade scale and wrapping machines. There is also a small kitchen/food prep area with a 3-compartment commercial sink and stove/oven, plus an Ole Hickory commercial-grade smoker. Additional commercial refrigeration includes two more two-door commercial coolers. The property is supported by a Square POS system with two registers and security cameras with 24/7 temperature monitoring. Two bathrooms and a private office round out the interior.
Located on Monroe Road in Hattiesburg, the business benefits from strong visibility and convenient access. The property is listed on an approximately 0.78+/- acre lot and is supported by an MDOT 2024 traffic count of 17,000 vehicles per day passing by.
The layout and installed equipment make this a practical fit for an experienced butcher, food entrepreneur, or investor looking to continue or expand a full-service meat market operation with minimal start-up friction.
Located on Monroe Road in Hattiesburg, the business benefits from strong visibility and convenient access. The property is listed on an approximately 0.78+/- acre lot and is supported by an MDOT 2024 traffic count of 17,000 vehicles per day passing by.
The layout and installed equipment make this a practical fit for an experienced butcher, food entrepreneur, or investor looking to continue or expand a full-service meat market operation with minimal start-up friction.
Key Highlights
- 2,897 SF commercial butcher shop/meat market built in 2018 on a 0.78+/- acre lot
- Fully equipped for immediate operation, including all equipment, furnishings, current product/inventory, and operational systems
- Walk‑in freezer and stand‑alone walk‑in cutting room, plus 2 display freezers and 2 display coolers
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
$30,049
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
4.62%
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%
$600,980
$601.0K
Cap Rate 7%
$429,271
$429.3K
Cap Rate 9%
$333,878
$333.9K
Market Conditions
NOI Build-Up for 2,897 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
$43.5K $15.00/SF
− Vacancy
−$3.4K −$1.17/SF
EGI
$40.1K $13.83/SF
− OpEx
−$10.0K −$3.46/SF
NOI
$30.0K $10.37/SF
Area
Forrest County, MS
Vacancy
7.80%
Lease Rate
$15.00 /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%
$600,980
Cap Rate 7%
$429,271
Cap Rate 9%
$333,878
Alternative Uses
Best Use
Specialty Retail
$429.3K
$375.6K – $500.8K
NOI $30,049 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Fully equipped meat market offering walk-in cooler and cutting room plus operational systems for immediate continuation.
Where is this grocery and convenience store located?
The property is located at 25 Monroe Road Hattiesburg, MS.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,897 SF commercial butcher shop/meat market built in 2018 on a 0.78+/- acre lot; Fully equipped for immediate operation, including all equipment, furnishings, current product/inventory, and operational systems; Walk‑in freezer and stand‑alone walk‑in cutting room, plus 2 display freezers and 2 display coolers
