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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 17th Ave Hattiesburg, MS 39401-7556

    • Office Properties & Spaces
    • 2,128 SF
    OFF-MARKET
    Last Sale
    Aug 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0505643
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Braid Me Krazy by LP / Hair Salon
    • US Army Reserve Recruiting / Military Recruiting Office
    • E-scential Giftbaskets Wedding & Event Planning 2 LLC / Event Planner / Event Venue
    • bijoux hair braiding / Beauty Salon
    • BKS Calibration Services / Measuring Instruments Supplier

    Property Details for 1000 17th Ave

    Year built
    1979
    Property size
    2,128 SF
    Property type
    Office Properties & Spaces
    APN
    2-038D-16-206.00
    APU
    2038D1620600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3139
    Latitude
    31.312
    CBSA code
    25620
    CBSA name
    HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,146
    $0.00
    $0.00
    $115,850
    -
    $84,030
    $31,820
    $115,850

    Comparable in this City

    • Value Estimation by Request
      0.85 Acres

      Us 49

      Retail properties • 0.85 Acres
      0 Us 49, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      4,492 SF

      620 Hood Rd

      OFFICE (GENERAL) • 4,492 SF
      620 Hood Rd, Hattiesburg, MS 39401-8003
      View Details
    • Value Estimation by Request
      3,982 SF

      614 Main St

      OFFICE (GENERAL) • 3,982 SF
      614 Main St, Hattiesburg, MS 39401-3428
      View Details
    • Value Estimation by Request
      2,160 SF

      5400 Old Hwy 42

      OFFICE (GENERAL) • 2,160 SF
      5400 Old Hwy 42, Hattiesburg, MS 39401-1645
      View Details
    • Value Estimation by Request
      1,148 SF

      115 19th Ave

      OFFICE (GENERAL) • 1,148 SF
      115 19th Ave, Hattiesburg, MS 39401-6171
      View Details
    • Value Estimation by Request
      1,276 SF

      332 25th Ave

      OFFICE (GENERAL) • 1,276 SF
      332 25th Ave, Hattiesburg, MS 39401-4738
      View Details

    Similar Nearby for Sale

    • $285,000
      16.52 Acres

      Hattiesburg Executive Office Building

      Prime Hattiesburg Office Space, 42,253 SF
      29 Rivers Dr, Hattiesburg, MS 39401
      View Details
    • Contact for pricing
      0.85 Acres

      Hwy 49 & Broadway Retail Pads

      Prime Hattiesburg commercial land, ideal for retail development.
      0 U S Highway 49, Hattiesburg, MS 39401
      View Details
    • $275,000
      5,952 SF

      Turnkey Office Space For Sale

      First-story office space near the courtroom, built in 1896.
      224 2Nd Ave, Hattiesburg, MS 39401
      View Details
    • $619,000
      5,079 SF

      Hattiesburg Office Building For Sale

      Fully-leased office building near Highway 49 in Hattiesburg.
      5914 U S Highway 49, Hattiesburg, MS 39401
      View Details
    • $66,000
      4,708 SF

      Classic Office Building in Hattiesburg

      Commercial office building with classic character, excellent for professional uses.
      802 W Pine St, Hattiesburg, MS 39401
      View Details
    • $325,000
      Pending

      Downtown Hattiesburg Commercial Opportunity

      Character-rich commercial property in downtown Hattiesburg, high-visibility location.
      511 E Pine St, Hattiesburg, MS 39401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,379 SF

      Hattiesburg Executive Office Suite

      Prime Hattiesburg office space available.
      606 Adeline St, Hattiesburg, MS 39401
      View Details
    • $0.41 SF/Yr
      28,467 SF

      Hattiesburg Industrial Flex Space

      Versatile Hattiesburg warehouse/flex space available.
      211 Broadway Dr, Hattiesburg, MS 39401
      View Details
    • $12 SF/Yr
      5,550 SF

      Hattiesburg Office/Flex Space For Lease

      Prime Hattiesburg location, 5,550 sq ft.
      222 Main St, Hattiesburg, MS 39401
      View Details
    • $4 SF/Yr
      2,152 SF

      Hattiesburg Executive Office Suite

      Prime Hattiesburg Office Space Available
      1305 Pine St, Hattiesburg, MS 39401
      View Details
    • $6 SF/Yr
      8,000 SF

      Prime Forrest County Executive Office Space

      8,000 SF Executive Suite - Immediate Occupancy
      1301 Main St, Hattiesburg, MS 39401
      View Details
    • Contact for pricing
      7,172 SF

      Hattiesburg Coworking Office Space

      Charming Office Suites, 100-150 sq ft.
      602 Adeline St, 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.
    1000 17th Ave
    Hattiesburg, MS 39401-7556
    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.