Commercial Land For
6194 US-98 Hattiesburg, MS 39402
6194 US-98, Hattiesburg, MS, 39402
Contact for pricing
For Sale
Contact for pricing
Commercial land available for sale.
Property Size6,246 SF
Price / SF$80.05
Days on Market2051
Property Features for 6194 US-98
General Information
- Standard status
- Active
- Size
- 6,246 SF
- Property subtype
- Land
Listing Agency
London & Stetelman
Listed by
Andy Stetelman,SIOR,GRI · License #MS 8774
Source
Crexi
Added: Dec 3, 2020 Checked: Jul 15 at 9:42 pm
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
Investment Insights
Based on property information with market context.
This commercial land is available for sale, ground lease, or build-to-suit options. The property is elevated, offering view corridors and control of the west side of the property road with easements, directly accessible from Highway 98 West. The property size is 6246 square feet. Adjacent to the west, Starbucks, Golden Chick, and other establishments are under development.
Key Highlights
- Control of the west side of property road with easements.
- Elevated property with great view corridors.
- Adjacent to Starbucks and Golden Chick under development.
Local Financial Insights For Industrial
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 | $48.7k | $7.80 |
| − Vacancy | −$4.1k | −$0.66 |
| EGI | $44.6k | $7.14 |
| − OpEx | −$13.4k | −$2.14 |
| NOI | $31.2k | $5.00 |
6,246 SF · lease $7.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$751.7K
$657.7K – $876.9K
NOI $52,616 @ 7.0% cap · market cap 10.52%
Second Best
Industrial
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.03M
$899.4K – $1.20M
NOI $71,954 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial land available for sale.
Where is this commercial land located?
The property is located at 6194 US-98 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Control of the west side of property road with easements.; Elevated property with great view corridors.; Adjacent to Starbucks and Golden Chick under development.
