Versatile Commercial Property in
For Sale
$415,000
1210 Springridge Rd, Clinton, MS 39056
High-visibility commercial property ideal for various business ventures.
Property Size4,800 SF
Lot Size1.00 Acre
Price / SF$86.46
Days on Market227
Property Features for 1210 Springridge Rd
General Information
Standard status
Active
Size
4,800 SF
Lot size
1.00 Acre
Building Details
Year Built
1993
Listing Agency:
The Agency Haus LLC DBA Agency
Listed By:
Tammoria Galtney · License #S54465
(601) 665-4869
Source:
Fiorellaavenue
Added: Jan 26
Changed: Sep 8
Last Checked: Sep 9 at 11:42PM
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 The Agency Haus LLC DBA Agency
Investment Insights
Based on property information with market context.
This commercial property is located in Clinton's growing business district, offering high visibility and traffic. The property is situated on over an acre and includes two separate buildings, each approximately 2400 square feet. The site is currently operating as a used car dealership and mechanic shop, but its flexible layout and ample lot space make it suitable for automotive services, retail, or office space. The property is located minutes from I-20 and downtown. Each building has the same layout, featuring two separate areas for each garage door, a bathroom, and an office. The owner is willing to leave some equipment with a favorable offer.
Key Highlights
- Prime location on high‑visibility, high‑traffic Springridge Road in Clinton's growing business district.
- Two separate buildings, each +/-2400 sq ft, providing versatile space.
- Over one acre of land offering ample space for automotive services, retail, office space, or redevelopment.
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
Office B
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 9.74%
Second Best
Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 8.74%
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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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - High-visibility commercial property ideal for various business ventures.
Where is this automotive property located?
The property is located at 1210 Springridge Rd 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: Prime location on high‑visibility, high‑traffic Springridge Road in Clinton's growing business district.; Two separate buildings, each +/-2400 sq ft, providing versatile space.; Over one acre of land offering ample space for automotive services, retail, office space, or redevelopment.
