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

    109 Lundy Ln Hattiesburg, MS 39401-6602

    • Hotels
    • 39,461 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0935370
    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

    • La Quinta Inn & Suites by Wyndham Hattiesburg - I-59 / Hotel & Motel

    Property Details for 109 Lundy Ln

    Year built
    2015
    Lot size
    2.10 lot acres
    Property size
    39,461 SF
    Property type
    Hotels
    APN
    051J-12-017.000
    APU
    051J12017000

    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
    Lamar
    State
    Mississippi
    Longitude
    -89.3494
    Latitude
    31.3278
    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
    $122,842
    $0.00
    $0.00
    $713,325
    -
    $914,760
    $3,840,740
    $4,755,500

    Comparable in this City

    • Value Estimation by Request
      39,765 SF

      119 Grand Dr

      HOTEL • 39,765 SF
      119 Grand Dr, Hattiesburg, MS 39401-6604
      View Details
    • Value Estimation by Request
      49,466 SF

      116 Grand Dr

      HOTEL • 49,466 SF
      116 Grand Dr, Hattiesburg, MS 39401-6603
      View Details
    • Value Estimation by Request
      30,584 SF

      200 40th Ave

      HOTEL • 30,584 SF
      200 40th Ave, Hattiesburg, MS 39401-6624
      View Details
    • Value Estimation by Request
      32,900 SF

      173 Thornhill Dr

      HOTEL • 32,900 SF
      173 Thornhill Dr, Hattiesburg, MS 39401-6627
      View Details
    • Value Estimation by Request
      45,061 SF

      235 Thornhill Dr

      HOTEL • 45,061 SF
      235 Thornhill Dr, Hattiesburg, MS 39401-6625
      View Details
    • Value Estimation by Request
      27,511 SF

      6511 U S Hwy 49

      MOTEL • 27,511 SF
      6511 U S Hwy 49, Hattiesburg, MS 39401-3006
      View Details

    Similar Nearby for Sale

    • $983,000
      1.00 Acre

      Prime Commercial Land, Petal, MS

      Hattiesburg commercial land, ideal for development.
      0 Evelyn Gandy Pkwy, Petal, MS 39401
      View Details
    • $575,000
      14,204 SF

      Main Street Retail Opportunity

      Hattiesburg, MS Mixed-Use Investment
      600 Main Street Blvd, Hattiesburg, MS 39401
      View Details
    • $285,000
      16.52 Acres

      Hattiesburg Executive Office Building

      Prime Hattiesburg Office Space, 42,253 SF
      29 Rivers Dr, Hattiesburg, MS 39401
      View Details
    • $3,997,500
      102 SF

      Equestrian Ranch with Private Acres

      Luxurious ranch featuring equestrian facilities, two homes, and private acreage.
      9 Circle C Ranch Rd, Hattiesburg, MS 39401
      View Details
    • $99,900
      2.67 Acres

      Residential Land in Providence Subdivision

      2.67 acre wooded lot near schools and highways.
      A8 Dover Trce, Hattiesburg, MS 39401
      View Details
    • Contact for pricing

      Hattiesburg Residential Development Opportunity

      Vacant lot suitable for four-plex or amenity building development.
      124 B Plantation Pl Dr, Hattiesburg, MS 39401
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      26,421 SF

      Hattiesburg Retail Strip Center

      1,300 SF Available, High Traffic
      1202 Hardy St, Hattiesburg, MS 39401
      View Details
    • $5 SF/Yr
      30,000 SF

      Hattiesburg Commercial Land Opportunity

      Prime 0.69-acre commercial lot
      1715 Hardy St/Dixie Ave, Hattiesburg, MS 39401
      View Details
    • $1,000 /Mo
      1,200 SF

      Office Space For Rent

      Office space available for rent in Hattiesburg, MS.
      1910 Hardy St, Hattiesburg, MS 39401
      View Details
    • $700 /Mo
      1,060 SF

      Hattiesburg Office Space For Rent

      Office space available for lease in Hattiesburg, MS.
      604 Adeline 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
    • $500 /Mo
      1,300 SF

      Industrial Space Available For Rent

      Industrial property with 1300 square feet available for rent.
      106 S Hutchinson Ave, Hattiesburg, MS 39401
      View Details

    Property Visit Statistics

    • Visits by month
      17.0k
    • Visitors by month
      15.1k
    • Avg Time on site
      60 min
    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.
    109 Lundy Ln
    Hattiesburg, MS 39401-6602
    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.