7379 US-98 Hattiesburg, MS 39402
4,342 SF office building on approximately 3 acres.
Property Features for 7379 US-98
General Information
- Standard status
- Active
- Size
- 4,342 SF
- Lot size
- 3.00 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office Gulf States Commercial Properties, LLC (601) 297-1780
Listing date Aug 27, 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 Gulf States Commercial Properties, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- 4,342 SF office space available
- +/- 3 acre lot size
- Frontage on Hwy 98
Local Financial Insights For Office B
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 | $62.5k | $14.40 |
| − Vacancy | −$13.8k | −$3.17 |
| EGI | $48.8k | $11.23 |
| − OpEx | −$12.2k | −$2.81 |
| NOI | $36.6k | $8.42 |
