Two-Building Auto Shop
For Sale
$415,000
1210 Springridge Road, Clinton, MS 39056
Commercial Sale, Clinton, MS
Property Size4,800 SF
Lot Size1.00 Acre
Price / SF$86.46
Days on Market511
Property Features for 1210 Springridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C3
Bathrooms
2
Half bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Directions
Take exit 36 off I-55 for Springridge Rd Turn left at the end of the ramp 1210 Springridge is about 2 miles down on the left side
Standard status
Active
APN
2851-720-17
Size
4,800 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2023
Tax Description
BEG 360.20 FT SWLY & 129.60 FT ELY INT S/L MCRAVEN RD & E/L SPRINGRIDGE RD NLY 74.15 FT SELY 132.31 FT SWLY 153.77 FT NWLY 132.31 FT NELY 90 FT TO POB IN SW 1/4 SEC 5 T5 R1W
Tax Annual Amount
5400
Legal Description
BEG 360.20 FT SWLY & 129.60 FT ELY INT S/L MCRAVEN RD & E/L SPRINGRIDGE RD NLY 74.15 FT SELY 132.31 FT SWLY 153.77 FT NWLY 132.31 FT NELY 90 FT TO POB IN SW 1/4 SEC 5 T5 R1W
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
The Agency Haus LLC DBA Agency
Listed By:
Tammoria Galtney · License #S54465
(601) 665-4869
Added: Apr 18, 2025
Changed: Sep 6
Last Checked: Sep 10 at 5:06AM
MLS# 4110660
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.
Investment Insights
Based on property information with market context.
This automotive property includes two separate buildings totaling 4,800 square feet on a 1-acre site. Each building is arranged with two distinct garage-door areas, an office, and a bathroom, providing a practical setup for vehicle service and related operations. The improvements date to 1993.
The property is located at 1210 Springridge Road in Clinton, Mississippi, along a principal thoroughfare and near I-20 and downtown Clinton. The site currently operates as a used car dealership and mechanic shop, with building layouts that can accommodate continued automotive use. Equipment may be included with an acceptable offer, subject to terms.
The property is located at 1210 Springridge Road in Clinton, Mississippi, along a principal thoroughfare and near I-20 and downtown Clinton. The site currently operates as a used car dealership and mechanic shop, with building layouts that can accommodate continued automotive use. Equipment may be included with an acceptable offer, subject to terms.
Key Highlights
- Two separate buildings totaling 4,800 square feet
- 1‑acre automotive property at 1210 Springridge Road
- Each building includes two garage‑door areas, an office, and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,288
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,760
$725.8K
Cap Rate 7%
$518,400
$518.4K
Cap Rate 9%
$403,200
$403.2K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.6K $12.00/SF
− Vacancy
−$5.8K −$1.20/SF
EGI
$51.8K $10.80/SF
− OpEx
−$15.6K −$3.24/SF
NOI
$36.3K $7.56/SF
Area
Hinds County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,760
Cap Rate 7%
$518,400
Cap Rate 9%
$403,200
Alternative Uses
Best Use
Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 8.74%
Second Best
Flex RnD
$447.1K
$391.3K – $521.7K
NOI $31,300 @ 7.0% cap · market cap 7.54%
Theoretical Best
Hotel Hospitality
$32.61M
$28.53M – $38.04M
NOI $2,282,486 @ 7.0% cap · market cap 550.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39056, MS
27,346
Population
11,334
Households
2.4
Avg Household Size
38
Median Age
48%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
505
Density / Sq Mi
$71,864
Median Household Income
$46,577
Median Earnings
$1,135
Median Rent
$220,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- A1 Recovery Services — 1255 Springridge Rd, Clinton, MS 39056
- Cooley's Automotive Inc — 1217 Springridge Rd B, Clinton, MS 39056
Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings provide separate garage, office, and restroom areas for automotive operations.
Where is this auto shop located?
The property is located at 1210 Springridge Road Clinton, MS.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two separate buildings totaling 4,800 square feet; 1‑acre automotive property at 1210 Springridge Road; Each building includes two garage‑door areas, an office, and a bathroom
