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    15 Bayberry Dr Hattiesburg, MS 39402
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    Property profile & analytics

    15 Bayberry Dr, Hattiesburg, MS 39402

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    • Commercial real estate
    • 1,800 SF
    Off-Market
    Property ID
    US50-0625776
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 15 Bayberry Dr

    Year built
    40
    Property type
    Commercial real estate

    Description

    This mixed-use property, located at 15 Bayberry Dr, Hattiesburg, MS 39402, presents a unique investment opportunity. The 1,800-2,000 square foot building sits on a spacious 15,400 square foot lot and is ideally situated just off Highway 49, offering convenient access to I-59. Built approximately 40 years ago, this property features a four-bedroom, three-bathroom layout, including two master suites, perfect for a variety of uses. The interior boasts a great room with a vaulted ceiling and fireplace, a kitchen with ample cabinet space and a breakfast bar, and a convenient nook. Appliances including the refrigerator, washer, and dryer are included. A separate storage shed with a mini-split and power adds extra utility. The property's proximity to expanding businesses in the area makes it highly suitable for both commercial and residential purposes. Note that neighboring commercial development is planned, further enhancing the property's value and potential. The property is currently vacant and readily available for showings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3643667
    Latitude
    31.3743108

    Comparable in this City

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      Lake Serene Mixed-Use Property

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      Hattiesburg Industrial Land - $3.9M

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      0.15 Acres

      Golf Course Frontage Lot

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      Commercial Property on US Hwy 98

      Commercial property with high traffic and great visibility.
      7364 U S Highway 98, Hattiesburg, MS 39402
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      Highway 49 Land Parcel

      Land parcel available on Highway 49 North Bound Lane.
      7078 U S Highway 49, Hattiesburg, MS 39402
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      Highway 589 Land Opportunity

      Commercial land available on Highway 589, Hattiesburg.
      Highway 589, Hattiesburg, MS 39402
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    Similar Nearby for Sale

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      Lake Serene Mixed-Use Property

      Mixed-use property featuring residential and retail spaces on Lake Serene.
      6633 U S Highway 98 West, Hattiesburg, MS 39402
      View Details
    • $3,900,000

      Hattiesburg Industrial Land - $3.9M

      Prime Industrial Land, 1.7M SF, I-59 Access
      4040 U S Highway 11, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Commercial Property on US Hwy 98

      Commercial property with high traffic and great visibility.
      7364 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • New
      $52,000
      0.32 Acres

      Residential Land in Bellegrass

      Ideal lot to build your dream home with vacation amenities.
      2 S Of Fields, Hattiesburg, MS 39402
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    • $99,000
      0.15 Acres

      Golf Course Frontage Lot

      Residential lot in sought-after neighborhood with utilities in place.
      14 Sunset Hl, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Highway 49 Land Parcel

      Land parcel available on Highway 49 North Bound Lane.
      7078 U S Highway 49, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Hattiesburg, MS.
      6194 U S Highway 98, Hattiesburg, MS 39402
      View Details
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      1,908 SF

      Adaptable Commercial Space For Rent

      Existing car wash adaptable to office, retail, or distribution use.
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      Office Space Available For Rent

      Office space available for rent in Hattiesburg, Mississippi.
      6798 U S Highway 98, Hattiesburg, MS 39402
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      Prime Land for Redevelopment

      2.6 acres at Oak Grove and Lincoln Rd available for rent.
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      58,016 SF

      Hattiesburg Warehouse with Freezer Space

      Sublease available for warehouse with substantial freezer capacity.
      20 Bonhomie Rd, Hattiesburg, MS 39402
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    • $14 SF/Yr

      Retail Space in High-Traffic Center

      Retail space available in Hattiesburg's primary retail corridor.
      5064 Hardy St, Hattiesburg, MS 39402
      View Details
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    Hattiesburg, MS 39402
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    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
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