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 Courtenay Cir Hattiesburg, MS 39402-3153

    • Office Properties & Spaces
    • 4,828 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0512514
    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

    • Hattiesburg Clinic The Center for Sleep Medicine / Medical Clinic
    • Gilbert L. Luckel, AGACNP - Hattiesburg Clinic Center for Sleep Medicine / Registered General Nurse
    • Walid G. Younis, MD - Hattiesburg Clinic / Physician
    • Walid Gergi Younis / Physician
    • Brandi E. Williams, FNP - Hattiesburg Clinic, The Center for Sleep Medicine / Medical Clinic

    Property Details for 101 Courtenay Cir

    Year built
    1984
    Property size
    4,828 SF
    Property type
    Office Properties & Spaces
    APN
    2-039K-19-005.00
    APU
    2039K1900500

    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
    -89.3316
    Latitude
    31.3012
    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
    $10,801
    $0.00
    $0.00
    $397,700
    -
    $71,280
    $326,420
    $397,700

    Comparable in this City

    • Value Estimation by Request
      4,724 SF

      Hattiesburg, MS 39402

      OFFICE (GENERAL) • 4,724 SF
      Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      288 SF

      7342 U S Hwy 49

      OFFICE (GENERAL) • 288 SF
      7342 U S Hwy 49, Hattiesburg, MS 39402-9103
      View Details
    • Value Estimation by Request
      5,993 SF

      101 Carlisle St

      Retail properties • 5,993 SF
      101 Carlisle St, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      1,800 SF

      Broadway Dr

      OFFICE (GENERAL) • 1,800 SF
      Broadway Dr, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      3,792 SF

      411 Classic Dr

      OFFICE (GENERAL) • 3,792 SF
      411 Classic Dr, Hattiesburg, MS 39402-1188
      View Details
    • Value Estimation by Request
      2,106 SF

      1606 28th Ave

      OFFICE (GENERAL) • 2,106 SF
      1606 28th Ave, Hattiesburg, MS 39402-3109
      View Details

    Similar Nearby for Sale

    • $825,000

      Bellegrass Blvd Office Building For Sale

      Prime Hattiesburg Office Space, High Growth Potential
      10 Bellegrass Blvd, Hattiesburg, MS 39402
      View Details
    • $3,500,000
      30,174 SF

      Hattiesburg Executive Office Building

      High-return office investment, 100% occupied.
      6184 U S Highway 98, 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
    • $1,400,000
      4,342 SF

      Hattiesburg Office Building For Sale

      Prime Hwy 98 location, 4,342 SF office.
      7379 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $653,400
      6.00 Acres

      Highway 589 Commercial Land - Hattiesburg, MS

      6-Acre Commercial Land, High Traffic Area
      0 Highway 589, Hattiesburg, MS 39402
      View Details
    • $792,940
      3,868 SF

      Highway 98 West Office Opportunity

      Office property with lake frontage on high-traffic corridor.
      6659 U S Highway 98, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,353 SF

      Highway 98 West Office Complex

      Lakefront Office & Retail Opportunity
      6633 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $16 SF/Yr
      35,278 SF

      Hattiesburg Office Space Available

      Prime Hattiesburg office, 3,121 sq ft available.
      4200 Mamie St, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      1,908 SF

      2400 Lincoln Rd

      Individual retail properties • 1,908 SF
      2400 Lincoln Rd, Hattiesburg, MS 39402
      View Details
    • $4 SF/Yr
      30,000 SF

      Prime Lamar County Industrial Space

      Versatile Office/Warehouse, 30,000 SF Available
      6194 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $12 SF/Yr
      13,000 SF

      Professional Office Building For Lease

      Professional office building with multiple suites available for lease.
      1700 S 28Th Ave, Hattiesburg, MS 39402
      View Details
    • $8 SF/Yr
      6,000 SF

      Hattiesburg Office Space For Rent

      Office space with warehouse and lay-down yard options available.
      48 Rawls Springs Loop Rd, 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.
    101 Courtenay Cir
    Hattiesburg, MS 39402-3153
    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.