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    Property profile & analytics

    5340 Old Hwy 42 Hattiesburg, MS 39401-1302

    • Retail space
    • 3,730 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 03, 2025
    Location Intelligence
    Property ID
    US50-0440880
    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

    • Underwood Door Company Inc / Garage Builder

    Property Details for 5340 Old Hwy 42

    Year built
    1972
    Property size
    3,730 SF
    Property type
    Retail space
    APN
    2-029C-04-115.00
    APU
    2029C0411500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3045
    Latitude
    31.342
    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
    $1,320
    $0.00
    $0.00
    $48,600
    -
    $24,770
    $23,830
    $48,600

    Comparable in this City

    • Value Estimation by Request
      14,204 SF

      600 Main Street Blvd

      Government properties • 14,204 SF
      600 Main Street Blvd, Hattiesburg, MS 39401
      View Details
    • Value Estimation by Request
      1,680 SF

      1321 Hardy St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      1321 Hardy St, Hattiesburg, MS 39401-4902
      View Details
    • Value Estimation by Request
      1,485 SF

      2019 Hardy St

      RETAIL STORES (PERSONAL SERVICES) • 1,485 SF
      2019 Hardy St, Hattiesburg, MS 39401-4948
      View Details
    • Value Estimation by Request
      2,250 SF

      1100 Hardy St

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      1100 Hardy St, Hattiesburg, MS 39401-2410
      View Details
    • Value Estimation by Request
      690 SF

      1001 Hardy St

      RETAIL STORES (PERSONAL SERVICES) • 690 SF
      1001 Hardy St, Hattiesburg, MS 39401-4165
      View Details
    • Value Estimation by Request
      13,173 SF

      2507 Hardy St

      RETAIL STORES (PERSONAL SERVICES) • 13,173 SF
      2507 Hardy St, Hattiesburg, MS 39401-5914
      View Details

    Similar Nearby for Sale

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      Main Street Retail Opportunity

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    • $900,000
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      Retail Space on Hardy Street

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    Similar Nearby for Lease

    • $8 SF/Yr
      4,000 SF

      Retail Space on Highway 49

      4,000 SF retail space with high visibility on Highway 49.
      5422 U S Highway 49, Hattiesburg, MS 39401
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    • $3,000 /Mo
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      Retail Space in Hattiesburg

      Retail space available for lease in Hattiesburg, Mississippi.
      200 S 28Th Ave, Hattiesburg, MS 39401
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    • $325,000
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      Retail Space Available For Lease

      Retail space available for lease in Hattiesburg, Mississippi.
      1410 N 31St Ave, Hattiesburg, MS 39401
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    • $2,000 /Mo
      1,150 SF

      Retail Space Available For Sublet

      Retail space available for sublet through mid-2027.
      508 Broadway Dr, Hattiesburg, MS 39401
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    • $475,000
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      Main Street Retail Opportunity

      Retail space available on Main Street in Hattiesburg, MS.
      600 Main St, Hattiesburg, MS 39401
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    • $12 SF/Yr
      2,400 SF

      Retail/Office Space Near Hardy Street

      Flexible retail or office space in high-traffic Hattiesburg location.
      102 N 38Th Ave, Hattiesburg, MS 39401
      View Details
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    5340 Old Hwy 42
    Hattiesburg, MS 39401-1302
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    Realmo Value Estimation

    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.

    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.

    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
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