15 Professional PkwyHattiesburg, MS 39402

Property Details for 15 Professional Pkwy

Year built

1979

Property size (Sq ft)

21,607 SF

Property type

Office properties

Property subtype

Other office properties

APN

2-039F-18-005.00

APU

2039F1800500

Description

This exceptional Hattiesburg, MS commercial property, located at 15 Professional Pkwy, 39402, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The single, two-story building encompasses 24,350 square feet situated on a 1.68-acre lot in the OZ - MS Forrest submarket of Lamar County. Currently, 9,666 square feet of space is available, divisible into units ranging from a minimum of 2,083 square feet to a maximum contiguous space of 4,920 square feet. The property features a convenient elevator and is suitable for executive office, medical office, warehouse, or professional office uses. The building is multi-tenant. A compelling incentive is offered: one month of abated rent for each year of the lease term. Smaller spaces may be available through negotiation. NNN fees are estimated at $2.64 per square foot. This prime location in Hattiesburg presents a fantastic opportunity for businesses seeking flexible and well-appointed commercial space. Contact us today to learn more about this exceptional property and explore leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $3,477,015

  6.5%

  $3,209,552

  7%

  $2,980,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,648,201

  Geo Method

  $1,536,042

• Alternative Use

  Use

  Valuation

  Residential

  $3,979,845

  Hospitality

  $3,645,516

  Educational

  $3,033,027

  Medical

  $3,137,337

  Retail

  $4,718,042

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3099

Longitude

-89.3331

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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