2575 Old Highway 24 Hattiesburg, MS 39402
Acreage near intersection suitable for commercial transition with rezoning potential.
Property Features for 2575 Old Highway 24
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office, Land
Building Details
- Year Built
- 1963
Listing office Century 21 Alliance
Listing date May 5, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Potential for residential‑to‑commercial transition with sellers open to rezoning contingency (up to 90 days).
- Located near the intersection of Old Hwy 24 and Old Hwy 11, a growing area with high visibility.
- ±3,000–3,400 SF building featuring 4 offices, 3 restrooms, 2 great rooms, and a full kitchen.
Local 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 | $49.0k | $14.40 |
| − Vacancy | −$10.8k | −$3.17 |
| EGI | $38.2k | $11.23 |
| − OpEx | −$9.5k | −$2.81 |
| NOI | $28.6k | $8.42 |
