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Property profile & analytics
FOR LEASE
Strip malls
4700 Hardy St Hattiesburg, MS 39402
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US50-0045946
For Lease
1 / 92
$14 SF/Yr
4700 Hardy St, Hattiesburg, MS 39402
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
15,724 SF
Lot
9.5 ac (413,820 SF)
APN
051Q-12-029.000
UPID
US50-0045946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Razors Edge Hair Salon Hair Salon
-
Newk's Eatery Restaurant
-
AirSouth Cooling and Heating of Hattiesburg HVAC Service General Contractor
-
Beyond Therapy for Kids Medical Clinic
-
Elle B's Salon & Waxing Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Arbor Hattiesburg LLC · 5 yrs held
The Arbor Hattiesburg LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hattiesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hattiesburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$95,806
Tax year 2023
Assessed value
$565,859
Assessed 2023
Previous assessed
$493,280
+14.7% YoY
Effective rate
16.93%
On assessed value
Land market value
$931,100
Improvement market value
$2,841,290
Total market value
$3,772,390
Applied tax rate
610.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Bathrooms
3
Total area
15,724 SF
Lot
9.5 ac (413,820 SF)
APN
051Q-12-029.000
UPID
US50-0045946
Jurisdiction
LAMAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
3
Lot
9.5 ac
Current owner
From public records · entity-resolved
The Arbor Hattiesburg LLC
Entity
Mailing address
5061 OLD HWY 42BY-PASS, HATTIESBURG, MS 39401-2874
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
—
The Arbor Hattiesburg LLC
—
Deed
related
$3,904,054 · Magnolia State Bank
Feb 8, 2019
—
The Arbor Hattiesburg LLC
—
Deed
related
$3,493,575 · The Citizens National Bank Of Meridian
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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