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    Retail Space For Sale Title is generated by Realmo AI

    600 Broadway Dr, Hattiesburg, MS 39401

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    Retail space available for purchase in Hattiesburg, Mississippi.

    Type:Retail
    Property size:
    1,100 SF
    Price / SF:
    $136/SF
    Added:
    May 25, 2024
    Days on Market:
    776
    Last Refresh:
    May 13 at 8:24 pm

    Property Features for 600 Broadway Dr

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Property subtype
    Retail

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    Markus Simmons
    Markus Simmons

    Listing office London & Stetelman

    Listing date May 25, 2024

    Source Crexi

    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

    HighLights

    • No property information provided.

    Overview

    A retail space encompassing 1100 square feet is available for sale. The property is located on Broadway Drive in Hattiesburg, Mississippi.

    Local Financial Insights For Retail

    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 $13.2k $12.00
    − Vacancy −$1.1k −$1.02
    EGI $12.1k $10.98
    − OpEx −$3.6k −$3.29
    NOI $8.5k $7.69
    1,100 SF · lease $12.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $120.8K
    $105.7K – $140.9K (±1% cap)
    NOI $8,455 @ 7.0% cap · market cap 5.64%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $181.0K
    $158.4K – $211.2K (±1% cap)
    NOI $12,672 @ 7.0% cap · market cap 8.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taylor Motor Sales ... Car Dealership

    Suggested Use

    Real Estate Agency HVAC Service Dental Office Gym & Fitness Center Kitchen & Bath Showroom Garden Center Grocery & Convenience Store Pharmacy Big Box & Wholesale Store Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3089744
    Latitude
    31.3133368

    FAQs

    What type of property is this?
    Retail space - Retail space available for purchase in Hattiesburg, Mississippi.
    Where is this retail space located?
    The property is located at 600 Broadway Dr Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: No property information provided.
    More about this property
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