Retail Property on Highway
574 Highway 51 Ridgeland, MS
574 Highway 51, Ridgeland, MS, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property in Ridgeland, MS with high traffic volume.
Property Size16,057 SF
Lot Size1.53 Acres
Price / SF$124.56
Days on Market3954
Property Features for 574 Highway 51
General Information
- Standard status
- Active
- Size
- 16,057 SF
- Lot size
- 1.53 Acres
- Property subtype
- RETAIL
Properties For Sale
at 574 Highway 51 Contact us
Listing agency
Estes Bush Real Estate
(601) 906-8999
Listed by
Brian E. Estes, CCIM
(601) 906-8999
Source
Moodyscre
Added: Sep 24, 2015 Updated: Jul 10 at 11:32AM Checked: Jul 21 at 5:22AM
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 Estes Bush Real Estate
Investment Insights
Based on property information with market context.
The property is located on Highway 51 in Ridgeland, MS, approximately one mile north of Jackson. Highway 51 is a major artery between Jackson, Ridgeland, and Madison, with an estimated traffic volume of 25,000 to 30,000 cars per day. The property is strategically located to benefit from the transient traffic on Highway 51, as well as the 50,000 people located within an 8-minute drive. The property includes 16,057 rentable square feet on 1.49 acres, with ample parking. The building features steel frame construction with brick veneer.
Key Highlights
- High traffic location on Highway 51 (25‑30k cars per day).
- 16,057 rentable square feet.
- Located in Ridgeland, MS, near Jackson.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.9k | $15.00 |
| − Vacancy | −$17.6k | −$1.10 |
| EGI | $223.3k | $13.91 |
| − OpEx | −$67.0k | −$4.17 |
| NOI | $156.3k | $9.73 |
16,057 SF · lease $15.00/SF/yr · vacancy 7.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $156,291 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,678 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Trace Station — 500 U.S. Hwy 51, Ridgeland, MS 39157
- Olde Towne Square — 118 W Jackson St, Ridgeland, MS 39157
- Oak Place Shopping Center — 587 US-51, Ridgeland, MS 39157
- 51 Place Shopping Center — 637 US-51, Ridgeland, MS 39157
- The Plaza at Old Town Crossing — 113 SE Madison Dr, Ridgeland, MS 39157
FAQs
What type of property is this?
Shopping center - Retail property in Ridgeland, MS with high traffic volume.
Where is this shopping center located?
The property is located at 574 Highway 51 Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High traffic location on Highway 51 (25‑30k cars per day).; 16,057 rentable square feet.; Located in Ridgeland, MS, near Jackson.
