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

    28 Market Ct Hattiesburg, MS 39402-7207

    • Strip malls
    • 16,700 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0541714
    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

    • Tiger-Rock Martial Arts / Training Center / Sports School
    • Salon Bliss/Hair by Juan / Hair Salon
    • Bestwok / Restaurant
    • Champagne Taste Consignment Shop / Clothing & Fashion Store
    • Dance Fantasy / Dance Store

    Property Details for 28 Market Ct

    Year built
    2003
    Construction
    WOOD
    Lot size
    1.30 lot acres
    Property size
    16,700 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    055D-16-007.000
    APU
    055D16007000

    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
    -89.4105
    Latitude
    31.316
    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
    $31,892
    $0.00
    $0.00
    $186,165
    -
    $283,140
    $957,960
    $1,241,100

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      6140 U S Hwy 98th, Unit 6142

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      6140 U S Hwy 98th, Hattiesburg, MS 39402-8781
      View Details
    • Value Estimation by Request
      7,642 SF

      6242 U S Hwy 98

      SHOPPING CENTER, STRIP CENTER • 7,642 SF
      6242 U S Hwy 98, Hattiesburg, MS 39402-8137
      View Details
    • Value Estimation by Request
      7,500 SF

      2763 Oak Grv Rd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      2763 Oak Grv Rd, Hattiesburg, MS 39402-5908
      View Details
    • Value Estimation by Request
      23,870 SF

      6156 U S Hwy 98

      SHOPPING CENTER, STRIP CENTER • 23,870 SF
      6156 U S Hwy 98, Hattiesburg, MS 39402-8154
      View Details
    • Value Estimation by Request
      0.87 Acres

      560 Weathersby Rd

      SHOPPING CENTER, STRIP CENTER • 0.87 Acres
      560 Weathersby Rd, Hattiesburg, MS 39402-1164
      View Details
    • Value Estimation by Request
      10,000 SF

      5295 Old Hwy 11th, Unit 5297

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      5295 Old Hwy 11th, Hattiesburg, MS 39402-6022
      View Details

    Similar Nearby for Sale

    • $14,100,000
      78,227 SF

      Westwood Square Shopping Center

      Hattiesburg, MS Retail Investment
      4400 Hardy St, Hattiesburg, MS 39402
      View Details
    • $199,000
      0.96 Acres

      Hattiesburg Retail Land Investment

      Prime 1-acre retail lot, 100% occupied.
      2315 Lincoln Rd, Hattiesburg, MS 39402
      View Details
    • $653,400
      6.00 Acres

      Highway 589 Commercial Land - Hattiesburg, MS

      6-Acre Commercial Land, High Traffic Area
      0 Highway 589, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      1,908 SF

      Hattiesburg Retail Space - Lincoln Rd

      Prime Hattiesburg retail space, 100% occupied.
      2400 Lincoln Rd, Hattiesburg, MS 39402
      View Details
    • $835,000
      2,170 SF

      Oak Grove Commercial Property For Sale

      1.3-acre lot with buildings in high-traffic Oak Grove area.
      4985 Old Highway 11, Hattiesburg, MS 39402
      View Details
    • $275,000
      6,095 SF

      Hattiesburg Daycare - Investment Opportunity

      Vacant Daycare, 6,095 SF, $275,000
      2561 Old Highway 24, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      10,011 SF

      Lincoln Road Retail Center

      Prime Forrest County Strip Mall, 3 Suites Available
      2621 Lincoln Rd, 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
    • $0.77 SF/Yr
      175,000 SF

      Hattiesburg Warehouse/Retail Space

      Multiple spaces available, high visibility location.
      4501 Hardy St, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr
      49,711 SF

      Retail Space on Highway 98

      Retail space with high visibility on Highway 98 West.
      7127 Hwy 98 West, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Retail Pad Site

      Ground lease opportunity in Hattiesburg near major retailers.
      6053 S 98, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr
      73,679 SF

      Established Shopping Center For Lease

      Well-located shopping center on a principal retail corridor.
      4700 Hardy St, 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.
    28 Market Ct
    Hattiesburg, MS 39402-7207
    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.