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

    16 Hillcrest Dr Hattiesburg, MS 39402-8262

    • Office buildings
    • 2,656 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0420356
    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

    • Stafford Construction / Property Management Company / Apartment Rental Agency
    • Dearman Property Management, LLC / Apartment Rental Agency
    • Shenandoah Apartments / Apartment Building

    Property Details for 16 Hillcrest Dr

    Year built
    1965
    Property size
    2,656 SF
    Property type
    Office buildings
    APN
    051P-11-059.000
    APU
    051P11059000

    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
    -89.372
    Latitude
    31.3177
    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
    $1,835
    $0.00
    $0.00
    $14,598
    -
    $10,000
    $87,320
    $97,320

    Comparable in this City

    • Value Estimation by Request

      Willow Bnd Dr

      PROFESSIONAL BUILDING
      Willow Bnd Dr, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      0.17 Acres

      Us Hwy 98

      PROFESSIONAL BUILDING • 0.17 Acres
      Us Hwy 98, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request

      Us Hwy 98

      PROFESSIONAL BUILDING
      Us Hwy 98, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      0.85 Acres

      8 Friend Rd

      PROFESSIONAL BUILDING • 0.85 Acres
      8 Friend Rd, Hattiesburg, MS 39402-8872
      View Details
    • Value Estimation by Request
      9,872 SF

      107 Fairfield Dr

      OFFICE BUILDING • 9,872 SF
      107 Fairfield Dr, Hattiesburg, MS 39402-1681
      View Details
    • Value Estimation by Request
      6,096 SF

      40 Franklin Rd

      OFFICE BUILDING • 6,096 SF
      40 Franklin Rd, Hattiesburg, MS 39402-1318
      View Details

    Similar Nearby for Sale

    • $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
    • $750,000
      5,805 SF

      Hattiesburg Office Plaza For Sale

      Office plaza in the heart of Hattiesburg's office/retail district.
      17 Plaza Dr, Hattiesburg, MS 39402
      View Details
    • $1,900,000

      Hattiesburg Office Building For Sale

      Office building available for purchase in Hattiesburg, Mississippi.
      6606 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $360,000
      5,680 SF

      Hattiesburg Commercial Building For Sale

      Versatile commercial building with offices, break room, and ample parking.
      5106 Old Highway 42, Hattiesburg, MS 39402
      View Details
    • $325,000
      Pending

      Renovated Office Building in Oak Grove

      Modern office building with seven offices, conference room, and storage.
      5119 Old Highway 11, Hattiesburg, MS 39402
      View Details
    • $825,000

      Bellegrass Blvd Office Building For Sale

      Prime Hattiesburg Office Space, High Growth Potential
      10 Bellegrass Blvd, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • $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
    • $12 SF/Yr
      7,917 SF

      Prime Lamar County Office Space

      Versatile Office Suites Available Now
      6798 U S Highway 98, 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
    • $13 SF/Yr
      24,350 SF

      Hattiesburg Office & Warehouse Space

      Versatile Hattiesburg commercial property, multiple suites available.
      15 Professional Pkwy, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr
      8,296 SF

      Office Space Available For Rent

      Office space for rent, size negotiable, tenant improvements possible.
      4 Orleans Dr, 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.
    16 Hillcrest Dr
    Hattiesburg, MS 39402-8262
    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.