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    7379 Us-98 Hattiesburg, MS 39402

    Sponsored
    For Sale
    $1,400,000

    Prime Hwy 98 location, 4,342 SF office.

    Property size:
    4,342 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 7379 US Highway 98 in Hattiesburg, Mississippi, presents a compelling investment opportunity. The single-story, 4,342 square foot office building, constructed in 2007, is classified as a Class B property and sits on approximately three acres of land. Its strategic location directly fronts Highway 98, just west of Highway 589, ensuring high visibility and accessibility. The building is currently occupied, highlighting its potential for consistent rental income. Showings are strictly by appointment only to accommodate the current tenant. The property's address is 7379 US-98, Hattiesburg, MS 39402, within Lamar County. The asking price for this well-situated office building is $1,400,000. This represents a significant opportunity to acquire a substantial commercial property in a thriving Mississippi market. The property's single-building structure simplifies management and maintenance, making it an attractive option for investors seeking a straightforward and potentially lucrative investment. Serious inquiries are encouraged to schedule a viewing.

    Property Features for 7379 Us-98

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,342 SF
    Class
    B

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • 4,342 SF Class B office building on ~3 acres.
    • Located at 7379 US Highway 98, Hattiesburg, MS, offering high visibility.
    • Built in 2007, currently occupied, generating rental income.
    • Asking price: $1,400,000.
    • Showings by appointment only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.487908964333
    Latitude
    31.307314014961

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Hwy 98 location, 4,342 SF office.
    Where is this office property / space located?
    The property is located at 7379 Us-98 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 4,342 SF Class B office building on ~3 acres.; Located at 7379 US Highway 98, Hattiesburg, MS, offering high visibility.; Built in 2007, currently occupied, generating rental income.
    Request Owner's contact information
    7379 Us-98 Hattiesburg, MS 39402
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    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
    7379 Us-98 Hattiesburg, MS 39402
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