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    6798 Us-98 Hattiesburg, MS 39402

    Sponsored
    For Lease
    $12 SF/Yr ($8,312 /Mo)

    Versatile Office Suites Available Now

    Lot size:
    7,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 7,917 square foot Class C office building in Lamar County, situated on a 0.94-acre lot, presents a unique investment opportunity. Currently configured for medical use, the space offers exceptional flexibility for a variety of office needs, including executive office suites and coworking arrangements. A total of 1,500 square feet is immediately available, with a maximum contiguous space of 4,100 square feet. The building consists of one structure with multiple tenancies. The property's location on US-98 provides excellent visibility and accessibility. This adaptable space is ideal for businesses seeking a functional and conveniently located office environment. The existing medical setup offers a ready-made infrastructure for similar businesses, while the layout's versatility allows for easy customization to suit diverse operational requirements. The 1,500 square feet of vacant space provides an immediate opportunity for occupancy, while the potential to lease up to 4,100 contiguous square feet offers significant expansion possibilities for growing businesses. The property's location in Lamar County offers access to a robust local economy and a strong workforce. This is an exceptional opportunity to acquire a well-positioned office building with immediate income potential and significant upside. The property's size and configuration make it suitable for a range of businesses, from small startups to established enterprises.

    Property Features for 6798 Us-98

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,917 SF
    Class
    C
    Total Rate
    8312.85

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite Space 1
    Size
    1,500 SF
    Rate per SF
    $12

    HighLights

    • 7,917 square foot office building in Lamar County.
    • Single‑story, Class C building with multiple tenants.
    • 1,500 square feet of vacant space available, with up to 4,100 contiguous square feet possible.
    • Suitable for executive office, coworking, or medical office use.
    • 0.94‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.439833
    Latitude
    31.3150829

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    FAQs

    What type of property is this?
    Medical office - Versatile Office Suites Available Now
    Where is this medical office located?
    The property is located at 6798 Us-98 Hattiesburg, MS.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 7,917 square foot office building in Lamar County.; Single-story, Class C building with multiple tenants.; 1,500 square feet of vacant space available, with up to 4,100 contiguous square feet possible.
    Request Owner's contact information
    6798 Us-98 Hattiesburg, MS 39402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6798 Us-98 Hattiesburg, MS 39402
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