Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2772 Oak Grv Rd Hattiesburg, MS 39402-8931

    Property Lookup

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

    2772 Oak Grv Rd Hattiesburg, MS 39402-8931

    View on Map
    • Office buildings
    • 1,288 SF
    • 2.10 lot acres
    Off-Market
    Property ID
    US50-0486519
    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

    • Mississippi Independent Cannabis Association (MICA) / Charitable Organization / Social Service Agency

    Property Details for 2772 Oak Grv Rd

    Year built
    2008
    Lot size
    2.10 lot acres
    Property size
    1,288 SF
    Property type
    Office buildings
    APN
    056M-23-007.000
    APU
    056M23007000

    Description

    This exceptional executive office building, located at 2772 Oak Grove Rd in Hattiesburg, Mississippi, presents a unique investment opportunity. The property boasts a total of 2,600 square feet of well-maintained office space, situated on a 1.01-acre lot. Built in 2008, the single-story building is part of a two-building complex, offering ample space for a variety of business needs. The asking price is $395,000, translating to a price per square foot of $151.46. This represents a strong value in the Hattiesburg commercial real estate market. The property's convenient location in Lamar County, with a 39402 zip code, provides easy access to major transportation routes and local amenities. The building's modern design and efficient layout offer a professional and productive work environment. This is an ideal opportunity for businesses seeking a well-established and strategically located office space in a thriving Mississippi community. The property's size and layout offer flexibility for various business configurations, making it a versatile option for a range of potential buyers. Serious inquiries are encouraged to explore this attractive investment prospect further.

    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
    Lamar
    State
    Mississippi
    Longitude
    -89.3764
    Latitude
    31.3017
    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
    $5,647
    $0.00
    $0.00
    $32,964
    -
    $108,900
    $110,860
    $219,760

    Comparable in this City

    • 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
      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

      Willow Bnd Dr

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

      6 C Ainsworth Dr

      OFFICE BUILDING • 800 SF
      6 C Ainsworth Dr, Hattiesburg, MS 39402-1869
      View Details
    • Value Estimation by Request
      1,200 SF

      5215 Old Hwy 118082

      OFFICE BUILDING • 1,200 SF
      5215 Old Hwy 118082, Hattiesburg, MS 39402-7998
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      3,135 SF

      Hattiesburg A-Class Office Building

      A-Class office building in Hattiesburg, near Southern Miss campus.
      4200 Mamie St, Hattiesburg, MS 39402
      View Details
    • $699,500
      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
    • Contact for pricing
      4,342 SF

      Office Building on Highway 98

      4,342 SF office building on approximately 3 acres.
      7379 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Office Building For Sale

      Office building available for purchase in Hattiesburg, Mississippi.
      6606 U S Highway 98, 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

    • $14 SF/Yr

      Professional Office Building on S. 28th

      Five-suite office building with high visibility and ample parking.
      1700 S 28Th Ave, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr

      Professional Office Building For Lease

      Professional office building with multiple suites available for lease.
      1700 S 28Th Ave, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Premium Hattiesburg Office Space

      A-Class office space with modern amenities and excellent security.
      4200 Mamie St, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      4,450 SF

      Hattiesburg Office Space Available

      Office space available for lease in Hattiesburg, Mississippi.
      15 Millbranch Rd, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      3,282 SF

      Hattiesburg Office Space For Rent

      Office space available for rent in Hattiesburg, Mississippi.
      6798 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $6,900 /Mo
      4,070 SF

      Class A Office Space

      Premier office space in Bellegrass, easily divisible, rent growth potential.
      10 Bellegrass Blvd, 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.
    2772 Oak Grv Rd
    Hattiesburg, MS 39402-8931
    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

    Thank You for Inquiry

    2772 Oak Grv Rd, Hattiesburg, MS, 39402

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!