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

    101 35th Ave Hattiesburg, MS 39401-6829

    • Office Properties & Spaces
    • 1,300 SF
    OFF-MARKET
    Last Sale
    Jan 13, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0505052
    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

    • Longevity Chiropractic / Chiropractor
    • Southern Christian Services / Religious Organization

    Property Details for 101 35th Ave

    Year built
    1994
    Property size
    1,300 SF
    Property type
    Office Properties & Spaces
    APN
    2-028L-07-191.00
    APU
    2028L0719100

    Description

    This exceptional single-tenant executive office suite, located at 101 N 35th Ave in Hattiesburg, Mississippi, presents a unique investment opportunity. The property boasts a total building size of 1,639 square feet, with 1,321 square feet currently vacant and ready for immediate occupancy. Situated on a 0.38-acre lot, this Class C building offers a convenient and functional workspace. Constructed in 1994, the single-story structure provides ample space for a variety of business needs. The property's location in Forrest County, with a Hattiesburg zip code of 39401, offers easy access to local amenities and transportation routes. The property is ideal for businesses seeking a standalone office space with ample room for expansion or those looking for a cost-effective solution in a desirable location. The single-tenant occupancy provides a streamlined management experience. This is a rare opportunity to acquire a well-located, functional office space in a thriving Mississippi market. The property's size and layout offer flexibility for various business configurations. Serious inquiries are encouraged to explore this promising investment prospect. Further details are available upon request.

    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
    -89.3417
    Latitude
    31.3252
    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
    $9,438
    $0.00
    $0.00
    $347,540
    -
    $228,030
    $119,510
    $347,540

    Comparable in this City

    • Value Estimation by Request
      896 SF

      2111 Country Clb Rd

      OFFICE (GENERAL) • 896 SF
      2111 Country Clb Rd, Hattiesburg, MS 39401-8880
      View Details
    • Value Estimation by Request
      600 SF

      1715 Country Clb Rd

      OFFICE (GENERAL) • 600 SF
      1715 Country Clb Rd, Hattiesburg, MS 39401-7812
      View Details
    • Value Estimation by Request
      420 SF

      801 Edwards St

      OFFICE (GENERAL) • 420 SF
      801 Edwards St, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      984 SF

      820 Edwards St

      OFFICE (GENERAL) • 984 SF
      820 Edwards St, Hattiesburg, MS 39401-4050
      View Details
    • Value Estimation by Request
      3,836 SF

      1120 Finlo Dr

      OFFICE (GENERAL) • 3,836 SF
      1120 Finlo Dr, Hattiesburg, MS 39401-5046
      View Details
    • Value Estimation by Request
      1,140 SF

      201 Gandy Ave

      OFFICE (GENERAL) • 1,140 SF
      201 Gandy Ave, Hattiesburg, MS 39401-1002
      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
    • $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
    • $4 SF/Yr
      2,152 SF

      Hattiesburg Executive Office Suite

      Prime Hattiesburg Office Space Available
      1305 Pine St, 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
    • $2,000 /Mo
      1,600 SF

      Hattiesburg Office Space For Rent

      Office space available for rent in Hattiesburg, Mississippi.
      2200 Hardy 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.
    101 35th Ave
    Hattiesburg, MS 39401-6829
    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.