Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lots Commerce Park Hattiesburg, MS 39401
    Back to Search
    Property profile & analytics

    Lots Commerce Park Hattiesburg, MS 39401

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Lots Commerce Park

    Property type
    Land

    Description

    This exceptional commercial land offering in Hattiesburg, Mississippi, presents a rare opportunity for investors and developers. Comprising two contiguous lots within the Commerce Park Lots development, this property boasts a substantial total area of 632,927 square feet. Lot 57 encompasses 6.35 acres, while the adjacent Lot 67 offers 8.18 acres, providing ample space for a variety of commercial ventures. The property's location in Hattiesburg, MS, zip code 39401, offers excellent access to key transportation routes and infrastructure, making it an ideal site for logistics, warehousing, light industrial, or retail development. The precise address is Commerce Park Lots. The latitude and longitude coordinates are 31.2801134 and -89.3238855 respectively. This is a truly unique opportunity to acquire a significant land parcel in a thriving Mississippi market. The price is negotiable, allowing for flexibility in structuring a deal that meets your specific financial requirements. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area. Contact us today to discuss this exciting investment prospect and explore the possibilities.

    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
    -89.3239
    Latitude
    31.2801

    Comparable in this City

    • Value Estimation by Request

      2166 Evelyn Gandy Pkwy

      Land
      2166 Evelyn Gandy Pkwy, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      16.52 Acres

      29 Rivers Dr

      Land • 42,253 SF
      29 Rivers Dr, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request

      5165 Us 49

      Land
      5165 Us 49, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request

      2000 Hardy St

      Land
      2000 Hardy St, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      0.96 Acres

      Lincoln Road Ext

      Land • 0.96 Acres
      0 Lincoln Road Ext, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      1.03 Acres

      6507 Hwy 49

      Automotive properties • 2,603 SF
      6507 Hwy 49, Hattiesburg, MS 39401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,191 SF

      Hattiesburg Land For Sale

      Land available for sale in Hattiesburg, Mississippi.
      29 Rivers Dr, Hattiesburg, MS 39401
      View Details
    • $93,600
      6.24 Acres

      Vacant Land in Hattiesburg, MS

      6.24 acres of vacant land for sale in Hattiesburg.
      Lomas Rd, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Land For Sale Hattiesburg

      Land available for purchase in Hattiesburg, Mississippi.
      5165 U S Highway 49, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Land Available in Hattiesburg

      Land for sale; wetland area present.
      Mcinnis Loop, Hattiesburg, MS 39401
      View Details
    • $81,700
      16.51 Acres

      Vacant Land in Hattiesburg, MS

      16.51 acre vacant land for sale in Hattiesburg, MS.
      Ollie Williams Rd, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Highway 49 South Land

      Land available on Highway 49 South, Hattiesburg.
      South Land, Hattiesburg, MS 39401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available for Lease

      Land available for lease on Highway 49 N.
      U S Highway 49 N, Hattiesburg, MS 39401
      View Details
    • Contact for pricing
      1,800 SF

      Commercial Land For Lease

      Commercial land available for ground lease and build-to-suit.
      5198 U S Highway 49, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Prime Land Parcel on Highway

      4.55 acres of C-4 zoned land for rent.
      U S Highway 98, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Hattiesburg Land Opportunity Zone Parcel

      7+/- acre parcel in Opportunity Zone with highway frontage.
      1 Central School Rd, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Vacant Parcel Carveout For Rent

      Vacant parcel carveout with frontage on Dixie Avenue.
      1715 Hardy St/Dixie Ave, Hattiesburg, MS 39401
      View Details
    • $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
    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.
    Lots Commerce Park
    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
    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

    Thank You for Inquiry
    Lots Commerce Park, Hattiesburg, MS, 39401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!