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    101 C8, Unit C7 Ridgeland, MS 39157

    Sponsored
    For Lease
    $3,290 /Mo ($21 SF/Yr)

    COMMERCIAL - Ridgeland, MS

    Property size:
    1,795 SF
    Lot size:
    0.15 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 19 at 7:06 pm

    Property Features for 101 C8

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    072d-19d-046-01-00
    Size
    1,795 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    2008
    Flooring type
    Vinyl

    We can help!

    Listing Contact
    Matthew Benton

    The Overby Company (601) 366-8511 [email protected]

    Listing agent Matthew Benton License #S49807

    Listing date Jan 19, 2026

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Mixed-Use Commercial Development

    City Market is a mixed-use commercial development consisting of three two-story buildings for retail and office use. It is located along Highway 51 in Ridgeland, Mississippi. The property benefits from high visibility and signage opportunities due to its frontage on a primary north-south corridor, with strong daily traffic. The buildings are designed to accommodate a mix of retail, service, and professional office tenants, featuring flexible floor plans suitable for street-level retail with second-floor office or service uses. The two-story configuration provides an efficient layout for owner-users, investors, and tenants seeking a visible presence in an established commercial market. The property is surrounded by residential neighborhoods, established retail, and major employers, and is located within Ridgeland's core business district, offering proximity to Interstate 55, regional amenities, and the Jackson metro area. One available Class A office suite offers a professional work environment with an open floor plan and 11 ft. ceilings. The suite measures 1794.5 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.128101
    Latitude
    32.430698

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    FAQs

    What type of property is this?
    Office space - Two-story retail and office buildings with high visibility.
    Where is this office space located?
    The property is located at 101 C8, Unit C7 Ridgeland, MS.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Highway 51 in Ridgeland with exceptional visibility and signage opportunities.; - Versatile mixed-use property suitable for retail, service, and professional office tenants or owner-users.; - Convenient access to Interstate 55, regional amenities, and the Jackson metro area.
    (601) 366-8511
    Request Owner's contact information
    101 C8, Unit C7 Ridgeland, MS 39157
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    Ridgeland, MS 39157
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    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
    101 C8, Unit C7 Ridgeland, MS 39157
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    We can help!
    Listing Contact
    Matthew Benton
    Real Estate License ID: S49807
    (601) 366-8511
    Learn more
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