Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6690 U S Highway 98 Hattiesburg, MS 39402
    Property profile & analytics

    6690 U S Highway 98, Hattiesburg, MS 39402

    View on Map
    • Retail space
    • 5,950 SF
    • 1.80 lot acres
    For Lease
    $0.90 SF/Yr
    View Listing →
    Commercial Land with Signage For Lease
    $0.90 SF/Yr

    Commercial Land with Signage

    Commercial land for rent with build-to-suit options.

    6690 US-98, Hattiesburg, MS 39402
    View Listing
    Property ID
    US50-0631781
    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

    • Retail space

    Property Details for 6690 U S Highway 98

    Year built
    1984
    Lot size
    1.80 lot acres
    Property size
    5,950 SF
    Property type
    Retail space
    APN
    054B-17-016.000
    APU
    054B17016000

    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
    -89.4312
    Latitude
    31.3156
    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
    $8,919
    $0.00
    $0.00
    $70,954
    -
    $262,170
    $210,850
    $473,020

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      1609 Broadway Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      1609 Broadway Dr, Hattiesburg, MS 39402-3202
      View Details
    • Value Estimation by Request
      1,122 SF

      Hattiesburg, MS 39402

      RETAIL STORES (PERSONAL SERVICES) • 1,122 SF
      Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      600 SF

      Hattiesburg, MS 39402

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      1,034 SF

      3 C Ainsworth Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,034 SF
      3 C Ainsworth Dr, Hattiesburg, MS 39402
      View Details
    • Value Estimation by Request
      18,631 SF

      7193 U S Hwy 98

      RETAIL STORES (PERSONAL SERVICES) • 18,631 SF
      7193 U S Hwy 98, Hattiesburg, MS 39402-8755
      View Details
    • Value Estimation by Request
      36,452 SF

      120 98th Pl Blvd

      RETAIL STORES (PERSONAL SERVICES) • 36,452 SF
      120 98th Pl Blvd, Hattiesburg, MS 39402-8676
      View Details

    Similar Nearby for Sale

    • $1,350,000
      20,000 SF

      Retail Property on US-98

      Retail property with NNN lease in Hattiesburg, Mississippi.
      6690 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Lake Serene Mixed-Use Property

      Mixed-use property featuring residential and retail spaces on Lake Serene.
      6633 U S Highway 98 West, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      7,955 SF

      Hattiesburg Retail Space For Sale

      Retail space available for purchase in Hattiesburg, Mississippi.
      5173 W 4Th St, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      6,224 SF

      Hattiesburg Retail Space For Sale

      Retail space available for purchase in Hattiesburg, Mississippi.
      2561 Old Highway 24, Hattiesburg, MS 39402
      View Details
    • $2,200,000
      3,332 SF

      Valero Gas Station & C-Store

      Gas station and convenience store with real estate for sale.
      2601 Oak Grove Rd, Hattiesburg, MS 39402
      View Details
    • Contact for pricing

      Hattiesburg Retail Property For Sale

      Retail property in Hattiesburg, MS, available for purchase.
      2561 Old Highway 24, Hattiesburg, MS 39402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space For Rent

      Retail space available for lease in Hattiesburg, MS.
      6051 U S Highway 98, Hattiesburg, MS 39402
      View Details
    • $14 SF/Yr

      Retail Space in High-Traffic Center

      Retail space available in Hattiesburg's primary retail corridor.
      5064 Hardy St, Hattiesburg, MS 39402
      View Details
    • Contact for pricing
      500 SF

      Retail Space Available For Rent

      Retail space for rent in Hattiesburg, MS, 500 square feet.
      2118-2122 Oak Grove Rd, Hattiesburg, MS 39402
      View Details
    • $18 SF/Yr
      2,500 SF

      Retail Space Available For Lease

      Retail space for lease in Hattiesburg, Mississippi.
      3720 Hardy St, Hattiesburg, MS 39402
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Space in Hattiesburg, MS

      Retail space available for lease in Hattiesburg, Mississippi.
      5891 U S Highway 49, Hattiesburg, MS 39402
      View Details
    • $1,500 /Mo
      1,656 SF

      Retail Space For Rent

      Retail space available for lease in Hattiesburg, Mississippi.
      6242 U S Highway 98, Hattiesburg, MS 39402
      View Details
    View Listing
    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.
    6690 U S Highway 98
    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

    Thank You for Inquiry
    6690 U S Highway 98, 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!