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

    4700 Hardy St Hattiesburg, MS 39402

    • Strip malls
    • 15,724 SF
    • 9.50 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0045946
    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

    • Razors Edge Hair Salon / Beauty Salon / Waxing Hair Removal Service
    • Newk's Eatery / Restaurant / Lunch Restaurant
    • AirSouth Cooling and Heating of Hattiesburg / Heating Contractor / Furnace Repair Service
    • Beyond Therapy for Kids / Physical Therapy Clinic
    • Elle B's Salon & Waxing / Hair Salon / Waxing Hair Removal Service

    Property Details for 4700 Hardy St

    Year built
    1987
    Construction
    WOOD
    Lot size
    9.50 lot acres
    Property size
    15,724 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    051Q-12-029.000
    APU
    051Q12029000

    Description

    The Arbor Shopping Center, a well-established Class B retail strip center, offers exceptional leasing opportunities in Lamar County. Built in 1988, this 73,679 square foot property sits on a spacious 9.59-acre lot and boasts 415 parking spaces for ample customer convenience. The center features a strong tenant mix, anchored by prominent businesses including Cowboy Maloney's Electric City, Newk's Café, Plato's Closet, and Once Upon A Child, ensuring high foot traffic and visibility. Units are available for lease, with a minimum divisible space of 1,170 square feet and a maximum contiguous space of 1,200 square feet, providing flexibility for various retail businesses. The property is zoned B-5, allowing for a diverse range of commercial uses. The center's attractive design and established presence make it an ideal location for businesses seeking a thriving retail environment. No elevators are present on the property. This is a prime opportunity to secure space in a well-maintained and successful shopping center with strong anchor tenants and high visibility. Interested parties should inquire about available spaces and lease terms.

    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
    -89.3616
    Latitude
    31.3222
    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
    $95,806
    $0.00
    $0.00
    $565,859
    -
    $931,100
    $2,841,290
    $3,772,390

    Comparable in this City

    • 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
    • Value Estimation by Request
      23,896 SF

      4400 Hardy St

      SHOPPING CENTER, STRIP CENTER • 23,896 SF
      4400 Hardy St, Hattiesburg, MS 39402-1372
      View Details
    • Value Estimation by Request
      11,745 SF

      6152 U S Hwy 98

      SHOPPING CENTER, STRIP CENTER • 11,745 SF
      6152 U S Hwy 98, Hattiesburg, MS 39402-4200
      View Details
    • Value Estimation by Request
      9,682 SF

      6068 U S Hwy 98

      SHOPPING CENTER, STRIP CENTER • 9,682 SF
      6068 U S Hwy 98, Hattiesburg, MS 39402-8883
      View Details
    • Value Estimation by Request
      20,054 SF

      6565 U S Hwy 98

      SHOPPING CENTER, STRIP CENTER • 20,054 SF
      6565 U S Hwy 98, Hattiesburg, MS 39402-5406
      View Details
    • 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

    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
    • $990,000
      7,955 SF

      Restaurant with Furnished Kitchen & Patio

      Two-story restaurant with a fully outfitted kitchen and patio.
      5173 W 4Th St, 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
    • $279,000
      1,176 SF

      Iconic Hattiesburg Commercial Property For Sale

      Historic Coney Island Cafe building in vibrant downtown Hattiesburg.
      400 Main Street Blvd, Hattiesburg, MS 39402
      View Details
    • $275,000

      Hattiesburg Retail Property For Sale

      Retail property in Hattiesburg, MS, available for purchase.
      2561 Old Highway 24, 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

    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.
    4700 Hardy St
    Hattiesburg, MS 39402
    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.