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

    217 Methodist Hospital Blvd Hattiesburg, MS 39402-1338

    • Assisted living facilities
    • 71,791 SF
    • 2.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0842864
    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

    • Assisted living facilities

    Property Details for 217 Methodist Hospital Blvd

    Year built
    2008
    Lot size
    2.94 lot acres
    Property size
    71,791 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    051L-11-050.000
    APU
    051L11050000

    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
    -89.3703
    Latitude
    31.328
    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
    $0.00
    $0.00
    $0.00
    $853,385
    -
    $319,900
    $5,369,330
    $5,689,230

    Comparable in this City

    • Value Estimation by Request
      32,797 SF

      2 Courtland Dr

      HOMES (RETIRED, NURSING) • 32,797 SF
      2 Courtland Dr, Hattiesburg, MS 39402-8299
      View Details
    • Value Estimation by Request
      37,585 SF

      37 Hillcrest Dr

      HOMES (RETIRED, NURSING) • 37,585 SF
      37 Hillcrest Dr, Hattiesburg, MS 39402-8625
      View Details
    • Value Estimation by Request
      2,896 SF

      151 Cole Rd

      HOMES (RETIRED, NURSING) • 2,896 SF
      151 Cole Rd, Hattiesburg, MS 39402-8402
      View Details
    • Value Estimation by Request
      24,496 SF

      34 Graham Rd

      HOMES (RETIRED, NURSING) • 24,496 SF
      34 Graham Rd, Hattiesburg, MS 39402-6627
      View Details
    • Value Estimation by Request
      53,750 SF

      246 Westover Dr

      HOMES (RETIRED, NURSING) • 53,750 SF
      246 Westover Dr, Hattiesburg, MS 39402-1343
      View Details
    • Value Estimation by Request

      106 Asbury Cir

      MEDICAL BUILDING
      106 Asbury Cir, Hattiesburg, MS 39402-1302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22.00 Acres

      Hattiesburg Commercial Land - 22 Acres

      Prime Commercial Land, Excellent Financing Options
      2789 Oak Grove Rd, Hattiesburg, MS 39402
      View Details
    • $2,090,000
      9.60 Acres

      Hattiesburg Commercial Land - 9.6 Acres

      Prime Commercial Land, Highway 589, MS
      0 Highway 589, Hattiesburg, MS 39402
      View Details
    • $2,750,000

      Hattiesburg Commercial Development Opportunity

      High-Visibility Hwy 589 Commercial Land
      2952 Ms-589, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Commercial Land - Hwy 49

      Prime Commercial Land, Hwy 49, MS
      7078 U S Highway 49, 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
    • $4,439,853
      22.65 Acres

      Hattiesburg Commercial Land

      22+ Acres, Prime Business District
      0 Lamar Blvd, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • 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
      845,946 SF

      Hattiesburg Retail Center Investment Opportunity

      Prime Hattiesburg retail space, multiple units available.
      1000 Turtle Creek Dr, Hattiesburg, MS 39402
      View Details
    • $5,805 /Mo
      11,600 SF

      Hattiesburg Warehouse Space Available

      Warehouse space available for lease in Hattiesburg, Mississippi.
      23 Power Ln, 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.
    217 Methodist Hospital Blvd
    Hattiesburg, MS 39402-1338
    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.