115 Thornhill DrHattiesburg, MS 39402

Property Details for 115 Thornhill Dr

Year built

1979

Lot size

0.30 AC

Property size (Sq ft)

4,500 SF

Property type

Office buildings

APN

051J-12-035.000

APU

051J12035000

Description

This exceptional Hattiesburg, MS property at 115 Thornhill Dr, 39402 offers four executive office suites within a 4,000 square foot building located in Lamar County. Each suite is ideally suited for a variety of professional businesses. Currently, one suite is available for lease. The available suites boast a range of features designed for optimal productivity and professional presentation. Specifically, Suites A and B each offer approximately 2,500 square feet of completely furnished space, including a lobby, three separate offices, a conference room, a bathroom, and a stock room. Suites C and D are also furnished and include a bathroom, though the exact square footage is not specified. The building's total area is 4,000 square feet, and the monthly rent for each suite is $1,600. This prime location in Hattiesburg provides easy access to local amenities and transportation networks, making it an attractive option for businesses seeking a prestigious and functional workspace. The property is ideal for businesses seeking a move-in ready solution with all the necessary amenities for immediate occupancy. The multiple suite configuration offers flexibility for various business needs and sizes. This is a rare opportunity to secure high-quality, furnished office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $741,786

  6.5%

  $684,725

  7%

  $635,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,264

  Geo Method

  $319,905

• Alternative Use

  Use

  Valuation

  Residential

  $849,059

  Hospitality

  $777,734

  Educational

  $647,065

  Medical

  $669,319

  Retail

  $1,006,546

Location Insight

City

Hattiesburg

County

Lamar

State

Mississippi

Latitude

31.3257

Longitude

-89.3498

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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