Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    11 - Tract 11 Hattiesburg, MS 39402

    • Land
    • 33.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11 - Tract 11

    Lot size
    33.50 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 33.5-acre commercial and industrial land tract presents a unique investment opportunity in Lamar County, Mississippi. Located just off Highway 11, directly across from the Eagle One Mega Site, this property boasts unparalleled accessibility and visibility. Its strategic location offers easy access to Interstate 59, placing it within minutes of Hattiesburg and a convenient distance to Gulfport (70 miles) and Jackson (90 miles). The site is ideal for a variety of development projects, including residential, commercial, or industrial uses. Importantly, this property is situated outside any flood plain. Utilities are readily available, including power from Cooperative Energy/Pearl River Valley Electric Power Association, natural gas from Spire Energy, and water from Dixie Water Association/North Lamar Water Association. Sewer services are provided by the City of Hattiesburg. Nearby airports include Gulfport-Biloxi International Airport (GPT), Hattiesburg-Laurel Regional Airport (PIB), and Jackson-Medgar Wiley Evers International Airport (JAN). The property also benefits from its proximity to a proposed railroad right-of-way, offering future rail access. This prime location, coupled with its size and utility access, makes this a highly desirable tract for developers seeking a strategic location in a rapidly growing area. Adjacent tracts are also available. The asking price is $1,172,500, representing a land value of $35,000 per acre.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.4175
    Latitude
    31.33

    Comparable in this City

    • Value Estimation by Request
      14.60 Acres

      Hartfield Rd

      Self storage facilities • 635,976 SF
      0 Hartfield Rd, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      32.87 Acres

      Classic Dr

      Land • 32.87 Acres
      0 Classic Dr, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request

      Broadway Dr

      Farms
      0 Broadway Dr, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      7.75 Acres

      11 - Tract 7

      Land • 7.75 Acres
      11 - Tract 7, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      80.00 Acres

      11 - Tract 14

      Land • 80.00 Acres
      11 - Tract 14, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      55.00 Acres

      11 - Tract 12

      Land • 55.00 Acres
      11 - Tract 12, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Sale

    • $115,260

      Hattiesburg Land: 2.94 Acres

      Prime Agricultural, Commercial, & Industrial Land
      0 Broadway Dr, Hattiesburg, MS 39402
      View Details
    • $2,700,000
      32.87 Acres

      Hattiesburg Commercial Land Opportunity

      32.87 Acres, B-5 Zoning, Opportunity Zone
      0 Classic Dr, Hattiesburg, MS 39402
      View Details
    • $1,400,000
      6,108 SF

      Hattiesburg Commercial Property - Highway 98

      Versatile Industrial/Office Space - Prime Location
      6194 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $3,900,000

      Hattiesburg Industrial Land - $3.9M

      Prime Industrial Land, 1.7M SF, I-59 Access
      4040 U S Highway 11, Hattiesburg, MS 39402
      View Details
    • $871,200
      20.10 Acres

      Hattiesburg Industrial Land - 20 Acres

      Massive industrial land, excellent price per sq ft.
      53 Gravel Pit Rd, Hattiesburg, MS 39402
      View Details
    • $467,000
      0.44 Acres

      Hattiesburg Industrial/Ag Land Investment

      Mississippi acreage, prime location, $467,000
      0 Mcinnis Loop, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • $0.77 SF/Yr
      175,000 SF

      Hattiesburg Warehouse/Retail Space

      Multiple spaces available, high visibility location.
      4501 Hardy St, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Build-to-Suit Land

      2.6 Acres, Prime Redevelopment Opportunity
      2790 Oak Grove Rd, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Commercial Land Opportunity

      14 Acres, Hwy 98 Frontage, B-5 Zoning
      98 Lamar Blvd, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      43,560 SF

      Hattiesburg Commercial Land Opportunity

      1-Acre Commercial Lot, Hattiesburg, MS
      17 Pioneer Rd, Hattiesburg, MS 39402
      View Details
    • $1.25 SF/Yr
      47,916 SF

      Hattiesburg Commercial Land Opportunity

      Prime 1.1-acre commercial lot in Hattiesburg, MS
      235 Thornhill Dr, Hattiesburg, MS 39402
      View Details
    • $18 SF/Yr
      20,000 SF

      Hattiesburg Retail Space - 20,000 SF

      Prime Hattiesburg retail space, 20,000 SF available.
      6690 U S Highway 98, Hattiesburg, MS 39402
      View Details
    Request Owner's contact information
    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.
    11 - Tract 11
    Hattiesburg, MS 39402
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.