Highway 98 West Office
6659 U S Highway 98 Hattiesburg, MS
For Sale
Contact for pricing
Office property with lake frontage on high-traffic corridor.
Property Size3,868 SF
Lot Size1.49 Acres
Price / SF$170.37
Days on Market279
Property Features for 6659 U S Highway 98
General Information
- Standard status
- Active
- Size
- 3,868 SF
- Lot size
- 1.49 Acres
- Property subtype
- OFFICE
Listing Agency:
London & Stetelman Realtors
(601) 270-5965
Listed By:
Markus Simmons
(601) 270-5965
Source:
Moodyscre
Added: Oct 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 7:03AM
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 London & Stetelman Realtors
Investment Insights
Based on property information with market context.
This office property is located on Highway 98 West in Hattiesburg, MS, offering over 300 feet of lake frontage with direct visibility from a high-traffic corridor. The property is suitable for medical, professional, or administrative office use. It is situated along Hattiesburg’s primary commercial corridor, minutes from Turtle Creek Mall, retail establishments, and dining amenities, with convenient access to Midtown and Oak Grove. The location benefits from strong surrounding demographics and professional developments and is located outside of the Hattiesburg City limits. The property is commercially zoned and includes ample on-site surface parking. It benefits from excellent exposure along Highway 98 West, with a traffic count of approximately 30,000 vehicles per day. Utilities include local water association services, septic sewer, and PRVEPA. The property is suitable for medical offices, professional services, and financial or administrative offices, presenting an opportunity for owner-occupancy or investment. The property size is 3,868 square feet.
Key Highlights
- Direct visibility and over 300 feet of lake frontage on Highway 98 West.
- Located on Hattiesburg's primary commercial corridor with ±30,000 vehicles per day.
- Ideal for medical, professional, or administrative office use.
Financial Insights For Healthcare Medical
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 | $67.3k | $17.40 |
| − Vacancy | −$7.1k | −$1.83 |
| EGI | $60.2k | $15.57 |
| − OpEx | −$24.1k | −$6.23 |
| NOI | $36.1k | $9.34 |
3,868 SF · lease $17.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$516.3K
$451.8K – $602.4K
NOI $36,142 @ 7.0% cap · market cap 5.48%
Second Best
Office B
$465.5K
$407.3K – $543.1K
NOI $32,584 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$636.6K
$557.0K – $742.7K
NOI $44,559 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Advanced Pet Care — 6804 US-98, Hattiesburg, MS 39402
- Sumrall Brenda DVM — 6804 US-98, Hattiesburg, MS 39402
FAQs
What type of property is this?
Medical Office Space - Office property with lake frontage on high-traffic corridor.
Where is this medical office space located?
The property is located at 6659 U S Highway 98 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Direct visibility and over 300 feet of lake frontage on Highway 98 West.; Located on Hattiesburg's primary commercial corridor with ±30,000 vehicles per day.; Ideal for medical, professional, or administrative office use.
