Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    690 Towne Center Blvd Ridgeland, MS 39157

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,195,000

    7,300 SF office building with long-term lease in place.

    Property size:
    7,300 SF
    Lot size:
    628.06 Acres

    Property Features for 690 Towne Center Blvd

    General Information

    Size
    7,300 SF
    Lot size
    628.06 Acres

    Source: J. Walter Michel Agency, Inc. Agent Hugh Johnson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgeland Office Building For Sale

    This property features a 7,000-square-foot space on the first floor, complemented by an additional 300 square feet of unfinished space on the second floor. The building underwent significant upgrades in October and November 2024, with over $100,000 invested to enhance its condition. A fire sprinkler system is in place, contributing to lower insurance costs. The roof is less than 4 years old as of 2025. A 64-month modified gross lease has been executed with a law firm established for over 25 years. The lease commences on September 1, 2025, and includes a rent increase after the 28th month. As part of the lease agreement, the tenant is responsible for utilities, janitorial services, and communication expenses. The average cap rate for the lease term is approximately 9.6%, with the cap rate increasing to approximately 10% for the final 3 years of the lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LEFOLDT & Co. Corporate Office Matthews, Cutrer and Lindsay ... Accounting Firm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.121718
    Latitude
    32.407888

    Nearby Similar for Sale

    • $2,500,000
      10,125 SF

      Ridgeland Commercial Building and Business

      High-visibility commercial building with established business in thriving Ridgeland.
      812 Lake Harbour Dr, Ridgeland, MS 39157
      View Details
    • $173,500
      1,244 SF

      Remodeled Duplex in Ridgeland, MS

      Remodeled 2 bed, 2 bath duplex with modern upgrades.
      327 Peach Orchard Dr, Ridgeland, MS 39157
      View Details
    • $715,293
      3,300 SF

      Ridgeland Office Building For Sale

      Two-story office building in active business corridor with ample parking.
      216 W Jackson St, Ridgeland, MS 39157
      View Details
    • $1,200,000
      4,812 SF

      Ridgeland Office Building For Sale

      Well-maintained office building in desirable commercial corridor.
      302 Highland Park Cv, Ridgeland, MS 39157
      View Details
    • Contact for pricing
      16,000 SF

      Newly Renovated Office Building

      Modern office building with flexible layouts and prime location.
      587 Highland Colony Pkwy, Ridgeland, MS 39157
      View Details
    • $2,037,000
      11 SF

      Ridgeland Strip Center For Sale

      11,380 SF strip center with four units in Ridgeland.
      1230 E County Line Rd, Ridgeland, MS 39157
      View Details

    FAQs

    What type of property is this?
    Office building - 7,300 SF office building with long-term lease in place.
    Where is this office building located?
    The property is located at 690 Towne Center Blvd Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - High average cap rate of +/- 9.6% for the lease term, increasing to +/- 10% for the final 3 years.; - 64-month modified gross lease executed with a 25+ year established law firm, starting September 1, 2025, with rent increase after 28 months.; - Substantial recent upgrades: Over $100,000 spent in October and November 2024.
    (601) 506-4549
    Request Owner's contact information
    690 Towne Center Blvd Ridgeland, MS 39157
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    690 Towne Center Blvd
    Ridgeland, MS 39157
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    690 Towne Center Blvd Ridgeland, MS 39157
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.