Ridgeland Warehouse with Office
For Sale
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216 Industrial Dr, Ridgeland, MS 39157
20,167 SF warehouse with office in prime Ridgeland location.
Property Size20,167 SF
Lot Size0.98 Acres
Price / SF$135
Days on Market620
Property Features for 216 Industrial Dr
General Information
Standard status
Active
Size
20,167 SF
Lot size
0.98 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 216 Industrial Dr Contact us- Floor
- 1
- Size
- 20,167 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
216 Industrial Dr
Pinpoint Commercial Real Estate is proud to present 216 Industrial Dr available For-Lease....
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Listing Agency:
Pinpoint Commercial Real Estate, LLC
Listed By:
Sam Cox · License #B-22593
(601) 383-3733
Source:
Moodyscre
Added: Jan 2, 2025
Changed: Sep 11
Last Checked: Sep 13 at 6:59AM
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 Pinpoint Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
The property at 216 Industrial Dr, Ridgeland, MS, features a 20,167 square foot building. The building is primarily open warehouse space with approximately 2,000 square feet of built-out office area. It includes one dock-height door and a ramp to a grade-level door. The property is located in the Ridgeland submarket, an area with low warehouse vacancy. The location offers a distribution user a premier location with low traffic counts within the light industrial park. The property is zoned for limited industrial use, accommodating various warehouse users.
Key Highlights
- Premier location in the sought‑after Ridgeland, MS submarket with low warehouse vacancy.
- 20,167 square feet of warehouse space with +/-2,000 square feet of office area.
- Dock height door and ramp to grade level door for versatile loading/unloading.
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
$214,491
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
7.88%
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%
$4,289,820
$4.3M
Cap Rate 7%
$3,064,157
$3.1M
Cap Rate 9%
$2,383,233
$2.4M
Market Conditions
NOI Build-Up for 20,167 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
$350.9K $17.40/SF
− Vacancy
−$64.9K −$3.22/SF
EGI
$286.0K $14.18/SF
− OpEx
−$71.5K −$3.55/SF
NOI
$214.5K $10.64/SF
Area
Madison County, MS
Vacancy
18.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$4,289,820
Cap Rate 7%
$3,064,157
Cap Rate 9%
$2,383,233
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,491 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,382 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,306 @ 7.0% cap · market cap 11.29%
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
813
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Stowaway Ridgeland Self Storage — 300 US-51, Ridgeland, MS 39157
- Extra Space Storage — 426 Christine Dr, Ridgeland, MS 39157
- StorageMax Ridgeland — 326 New Pointe Dr, Ridgeland, MS 39157
- Tacol Self Storage Facility — 288 S Perkins St, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Warehouse - 20,167 SF warehouse with office in prime Ridgeland location.
Where is this warehouse located?
The property is located at 216 Industrial Dr Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,722,545.
What are key features of this property?
This property features: Premier location in the sought‑after Ridgeland, MS submarket with low warehouse vacancy.; 20,167 square feet of warehouse space with +/-2,000 square feet of office area.; Dock height door and ramp to grade level door for versatile loading/unloading.
