Medical Office
For Sale
$145,000
332 N 25th Ave, Hattiesburg, MS 39401
Commercial Sale, Hattiesburg, MS
Property Size1,245 SF
Price / SF$116.47
Days on Market95
Property Features for 332 N 25th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Hattiesburg Northeast
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Description
BG 925FT N & 239.95FT W SE COR NW1/4 NW1/4 W 130FT N 70FT E 130FT S 70FT TO BG
Tax Annual Amount
2163
Legal Description
BG 925FT N & 239.95FT W SE COR NW1/4 NW1/4 W 130FT N 70FT E 130FT S 70FT TO BG
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric
Building Details
Flooring type
Tile, Vinyl
Building materials
Wood Frame
Listing Agency:
Cranford & Company
Listed By:
Chad Cranford · License #B-20252
(601) 450-1020
Added: Aug 4
Changed: Oct 5
Last Checked: Nov 6 at 10:06AM
MLS# 148180
Copyright © 2026 Hattiesburg Area Association of Realtors. 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 1,245+/- square foot medical office property is currently configured for chiropractic care and massage therapy. The wood-frame building includes tile and vinyl flooring, one bathroom, natural gas heating, electric cooling, and cable availability. Its existing professional office format may support continued healthcare or wellness operations, subject to applicable requirements.
The property is located at 332 N 25th Ave in Hattiesburg, Mississippi, near The University of Southern Mississippi, Forrest General Hospital, and Midtown. U.S. Highway 49 provides nearby regional access for clients and staff.
The property is located at 332 N 25th Ave in Hattiesburg, Mississippi, near The University of Southern Mississippi, Forrest General Hospital, and Midtown. U.S. Highway 49 provides nearby regional access for clients and staff.
Key Highlights
- 1,245+/- square foot medical office building
- Currently configured for chiropractic and massage therapy operations
- Near The University of Southern Mississippi, Forrest General Hospital, and Midtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,633
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,660
$232.7K
Cap Rate 7%
$166,186
$166.2K
Cap Rate 9%
$129,256
$129.3K
Market Conditions
NOI Build-Up for 1,245 SF
Gross rent
$21.7K $17.40/SF
− Vacancy
−$2.3K −$1.83/SF
EGI
$19.4K $15.57/SF
− OpEx
−$7.8K −$6.23/SF
NOI
$11.6K $9.34/SF
Area
Forrest County, MS
Vacancy
10.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,660
Cap Rate 7%
$166,186
Cap Rate 9%
$129,256
Alternative Uses
Best Use
Healthcare Medical
$166.2K
$145.4K – $193.9K
NOI $11,633 @ 7.0% cap · market cap 8.02%
Second Best
Office B
$149.8K
$131.1K – $174.8K
NOI $10,488 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$204.9K
$179.3K – $239.0K
NOI $14,342 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
862
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing chiropractic and massage therapy operations occupy a professional office setting with tile and vinyl flooring.
Where is this medical office space located?
The property is located at 332 N 25th Ave Hattiesburg, MS.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,245+/- square foot medical office building; Currently configured for chiropractic and massage therapy operations; Near The University of Southern Mississippi, Forrest General Hospital, and Midtown
