Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1202 Hardy St Hattiesburg, MS 39401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,300 SF Available, High Traffic

    Lot size:
    26,421 SF

    Property Features for 1202 Hardy St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,421 SF
    Total Rate
    20322.15

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1202 Hardy St, Hattiesburg, MS 39401 Contact us
    Unit Suite 1202

    $9 /Mo

    Size
    1,300 SF
    Contact us

    We can help!

    Listing Contact
    Stephen Stetelman
    Stephen Stetelman

    Listing Agency: London & Stetelman Realtors Listing Agent: Stephen Stetelman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 1202 Hardy Street in Hattiesburg, Mississippi, presents a fantastic leasing opportunity. The single-story, 26,421 square foot strip center sits on a generous 1.99-acre lot in Forrest County, offering excellent visibility and accessibility. Currently, 1,300 square feet of retail space is available for lease, perfect for a variety of businesses. The property boasts a prime location within a bustling commercial area, ensuring high foot traffic and strong potential for customer engagement. The building itself is well-maintained and offers ample parking for customers and employees. The property's single-tenant configuration provides a unique opportunity for a business seeking a prominent location with significant square footage. The zip code is 39401. This is an ideal location for businesses seeking high visibility and easy access for customers in the Hattiesburg market. The property's size and location make it a highly desirable investment for businesses looking to establish or expand their presence in this thriving Mississippi community. Serious inquiries are encouraged to explore this exceptional retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Avenues Barber Barber Shop HookaMania (Bike/Boat/Book/etc) Store Exquisitez Salon and Cutz Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3084978
    Latitude
    31.3242071

    Nearby Similar for Lease

    • $2,500 /Mo
      1,384 SF

      Hattiesburg Office Space For Rent

      Comfortable office space in a prime Hattiesburg location.
      6218 Us 49, Hattiesburg, MS 39401
      View Details
    • $6,900 /Mo
      4,070 SF

      Class A Office Space

      Premier office space in Bellegrass, easily divisible, rent growth potential.
      10 Bellegrass Blvd, Hattiesburg, MS 39402
      View Details
    • $2,800 /Mo
      2,500 SF

      Hattiesburg Restaurant Ready for Business

      Fully equipped restaurant space available for lease in Hattiesburg, MS.
      6757 Us 49, Hattiesburg, MS 39402
      View Details
    • $3,000 /Mo
      66,920 SF

      Hattiesburg Warehouse Space For Lease

      Versatile warehouse and office space available along US Hwy 49.
      6633 Campbell Loop, Hattiesburg, MS 39401
      View Details
    • $1,400 /Mo

      Retail Space in Turtle Creek

      Retail space available in Hattiesburg's Turtle Creek Corner.
      5064 Hardy St, Hattiesburg, MS 39402
      View Details
    • $1,400 /Mo

      Retail Space in Turtle Creek

      Retail space for lease in Hattiesburg's Turtle Creek Corner.
      5064 Hardy St, Hattiesburg, MS 39402
      View Details
    • $3,300 /Mo
      5,548 SF

      Hattiesburg Office/Medical Space For Rent

      Professional or medical space centrally located in Midtown Hattiesburg.
      15 Professional Pkwy, Hattiesburg, MS 39402
      View Details
    • $1,840 /Mo
      1,840 SF

      Retail Space in Hattiesburg

      Retail space available for lease in Hattiesburg, Mississippi.
      5180 Old Highway 11, Hattiesburg, MS 39402
      View Details
    • $23 SF/Yr

      Upscale Mixed-Use Development For Rent

      Mixed-use development with dining, retail, and residential spaces.
      3002 Hardy St, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Hattiesburg Office Space Available

      Office suites available for rent in Hattiesburg, Mississippi.
      1507/1509 Hardy St, Hattiesburg, MS 39401
      View Details
    • $14 SF/Yr

      Retail Space on Highway 98

      Retail space with high visibility on Hwy 98 West.
      7127 U S Highway 98 West, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr

      Established Shopping Center For Lease

      Retail spaces available in a well-located shopping center.
      4700 Hardy St, Hattiesburg, MS 39402
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - 1,300 SF Available, High Traffic
    Where is this neighborhood center located?
    The property is located at 1202 Hardy St Hattiesburg, MS.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 1202 Hardy Street, Hattiesburg, MS 39401: 26,421 SF single-story retail strip center on a 1.99-acre lot in Forrest County.; 1,300 SF of retail space currently available for lease.; Prime location in a bustling commercial area with high foot traffic and excellent visibility.
    (601) 606-7675 Call to check price and availability
    Request Owner's contact information
    1202 Hardy St Hattiesburg, MS 39401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1202 Hardy St
    Hattiesburg, MS 39401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1202 Hardy St Hattiesburg, MS 39401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen Stetelman
    Stephen Stetelman
    Real Estate License ID: 20868
    (601) 606-7675 (601) 268-8770
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!