Flex Space With Office and
For Sale
$265,000
Pending
4451 U.S 49, Hattiesburg, MS 39401
Commercial Sale, Hattiesburg, MS
Property Size1,200 SF
Days on Market65
Property Features for 4451 U.S 49
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Dixie
Standard status
Pending
Taxes and HOA fees
Tax Description
BEG 259.5FT E SWC NE1/4 SE1/4 E 200FT NW ALG W LN H/W 400FT W 200FTSE TO BEG B355 P563 12/71
Tax Annual Amount
1821
Legal Description
BEG 259.5FT E SWC NE1/4 SE1/4 E 200FT NW ALG W LN H/W 400FT W 200FTSE TO BEG B355 P563 12/71
Building Details
Building materials
Pre-Eng Steel/Metal, Brick Veneer, Steel Frame
Listing Agency:
Vines Realty & Land
(601) 261-3236
Listed By:
Tony Hession · License #S-50523
(601) 408-6470
Added: Aug 4
Changed: Oct 2
Last Checked: Oct 7 at 1:06PM
MLS# 148247
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.
Investment Insights
Based on property information with market context.
This flex property at 4451 U.S. 49 includes two separate improvements serving complementary commercial functions. The 1,200-square-foot office building measures 40' x 30' and contains three private offices, a lobby and reception area, a kitchenette, and a restroom. A 2,400-square-foot shop building measuring 60' x 40' provides additional space for equipment storage, fabrication, warehousing, or service operations.
The property fronts Highway 49 in Hattiesburg, providing direct access along a heavily traveled commercial corridor. Shopping, restaurants, medical facilities, and major transportation routes are located minutes away. Construction materials include pre-engineered steel/metal, brick veneer, and steel frame components.
The property fronts Highway 49 in Hattiesburg, providing direct access along a heavily traveled commercial corridor. Shopping, restaurants, medical facilities, and major transportation routes are located minutes away. Construction materials include pre-engineered steel/metal, brick veneer, and steel frame components.
Key Highlights
- 1,200‑square‑foot office building with three private offices
- Office layout includes lobby/reception area, kitchenette, and restroom
- 2,400‑square‑foot shop building measuring 60' x 40'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,109
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,180
$202.2K
Cap Rate 7%
$144,414
$144.4K
Cap Rate 9%
$112,322
$112.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.3K $14.40/SF
− Vacancy
−$3.8K −$3.17/SF
EGI
$13.5K $11.23/SF
− OpEx
−$3.4K −$2.81/SF
NOI
$10.1K $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%
$202,180
Cap Rate 7%
$144,414
Cap Rate 9%
$112,322
Alternative Uses
Best Use
Office B
$144.4K
$126.4K – $168.5K
NOI $10,109 @ 7.0% cap · market cap 3.81%
Second Best
Flex RnD
$111.8K
$97.8K – $130.4K
NOI $7,825 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$197.5K
$172.8K – $230.4K
NOI $13,824 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and shop improvements support administrative, storage, fabrication, warehousing, and service functions.
Where is this flex space located?
The property is located at 4451 U.S 49 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,200‑square‑foot office building with three private offices; Office layout includes lobby/reception area, kitchenette, and restroom; 2,400‑square‑foot shop building measuring 60' x 40'
