Flex Space Complex with Four
For Sale
$6,800,000
100-106 Business Park Drive, Ridgeland, MS 39157
Tilt-up flex complex with dock-high loading, rear access doors, and additional undeveloped land.
Property Size56,076 SF
Lot Size10.00 Acres
Price / SF$121.26
Days on Market50
Property Features for 100-106 Business Park Drive
General Information
Standard status
Active
Size
56,076 SF
Lot size
10.00 Acres
Property subtype
Industrial - Flex - Industrial
Additional Details
Highway Access
Yes
Dock-High Doors
2
Building Details
Building Size
56,076 SF
Year Built
1986
Buildings
4
Construction
tilt-up concrete
Listing Agency:
NAI UCR Properties
Listed By:
Alex Wilson · License #22859
(601) 405-7136
Source:
Commercialcafe
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI UCR Properties
Investment Insights
Based on property information with market context.
This flex-industrial property includes four tilt-up buildings totaling 56,076 SF on approximately 10 acres. The complex provides two dock-high doors and 22 rear double doors, supporting warehouse and distribution operations. More than 2 acres remain undeveloped and are identified for potential truck-court or outdoor-storage use. Constructed in 1986, the property combines industrial improvements with a multi-tenant configuration.
The site is located at 100-106 Business Park Drive in Ridgeland, Mississippi, near the southern end of Highland Colony Parkway. Interstate access and visibility are noted, while an AWS data center campus and additional industrial development are contributing to activity in the area. An UPS Ground facility and an Anheuser-Busch distribution center are each within one mile. The tenant roster includes regional and national occupants, with significant leasing activity reported during the past 12 months.
The site is located at 100-106 Business Park Drive in Ridgeland, Mississippi, near the southern end of Highland Colony Parkway. Interstate access and visibility are noted, while an AWS data center campus and additional industrial development are contributing to activity in the area. An UPS Ground facility and an Anheuser-Busch distribution center are each within one mile. The tenant roster includes regional and national occupants, with significant leasing activity reported during the past 12 months.
Key Highlights
- Four tilt‑up buildings totaling 56,076 SF
- Approximately 10 acres, including over 2 acres of undeveloped land
- Two dock‑high doors and 22 rear double doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,340
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,006,800
$9.0M
Cap Rate 7%
$6,433,429
$6.4M
Cap Rate 9%
$5,003,778
$5.0M
Market Conditions
NOI Build-Up for 56,076 SF
Gross rent
$787.3K $14.04/SF
− Vacancy
−$94.5K −$1.68/SF
EGI
$692.8K $12.36/SF
− OpEx
−$242.5K −$4.32/SF
NOI
$450.3K $8.03/SF
Area
Madison County, MS
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,006,800
Cap Rate 7%
$6,433,429
Cap Rate 9%
$5,003,778
Alternative Uses
Best Use
Flex RnD
$6.43M
$5.63M – $7.51M
NOI $450,340 @ 7.0% cap · market cap 6.62%
Second Best
Warehouse
$5.02M
$4.39M – $5.86M
NOI $351,416 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$12.21M
$10.68M – $14.24M
NOI $854,491 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39157, MS
24,611
Population
11,690
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
94%
High-School Grad
30.0 sq mi
ZIP Area
820
Density / Sq Mi
$63,552
Median Household Income
$42,516
Median Earnings
$1,205
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Tilt-up flex complex with dock-high loading, rear access doors, and additional undeveloped land.
Where is this flex space located?
The property is located at 100-106 Business Park Drive Ridgeland, MS.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Four tilt‑up buildings totaling 56,076 SF; Approximately 10 acres, including over 2 acres of undeveloped land; Two dock‑high doors and 22 rear double doors
