Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    595 Northpark Dr Ridgeland, MS 39157

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $535,000

    5,051 SF office building in a strategic Ridgeland location.

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Jeff Speed, Ccim
    Jeff Speed, Ccim
    Source: Speedcres

    Listing Agency: Speed Commercial Real Estate Listing Agent: Jeff Speed, Ccim

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

    Learn more

    Overview

    Ridgeland Office Building Investment

    This 5,051 square foot office building, constructed in 2010, is located in Ridgeland, MS. The property is zoned C-1, making it suitable for various office uses. Situated in the heart of Ridgeland, the property offers convenient access and excellent visibility from Northpark Drive. The location provides ample parking for employees and visitors. The surrounding area, located in the heart of Northpark Business Center, features a thriving commercial hub, dining options, and retail destinations. Nearby attractions include the Renaissance at Colony Park, offering a shopping and dining experience, and the Natchez Trace Parkway. The area provides convenient access to major thoroughfares, creating an attractive environment for businesses and employees.
    Location Intelligence

    Current Use by Public Records

    Arc Technologies LLC (Bike/Boat/Book/etc) Store Premier Designs Renovation Specialist MedTech Health Academy Vocational School Dr. Tonya Hays Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store 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
    -90.114386
    Latitude
    32.402752

    Nearby Similar for Sale

    • $1,899,000
      26,622 SF

      Ridgeland Office Building For Sale

      Well-located, one-story office building in Ridgeland's Northpark corridor.
      1025 Northpark Dr, Ridgeland, MS 39157
      View Details
    • $3,975,000
      108,029 SF

      Ridgeland Commercial Investment Opportunity

      Office, retail, and warehouse spaces producing $30k monthly income.
      608 Highway 51, 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
    • $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
    • $175,500
      1,244 SF

      Remodeled Duplex in Ridgeland, MS

      Modern 2 bed, 2 bath duplex with stylish upgrades.
      327 Peach Orchard Dr, Ridgeland, MS 39157
      View Details
    • $735,000
      5,460 SF

      Renovated Office Building Opportunity

      Vacant, renovated office building suitable for owner-occupant or multiple tenants.
      710 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $650,000

      Ridgeland Office Building Investment

      Four-unit office building in Ridgeland, Mississippi, with 100% occupancy.
      740 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $535,000

      Ridgeland Commercial Property Investment

      5,040 SF building with 5 units, 95% occupancy.
      741 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $850,000

      Ridgeland Office Building Investment

      7,192 SF office building with 10 units in Ridgeland.
      751 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $499,000

      Versatile Commercial Space in Ridgeland

      Efficient property with retail and climate-controlled warehouse space.
      301 Orchard Ct, Ridgeland, MS 39157
      View Details
    • $800,000

      Ridgeland Retail Building For Sale

      8,000 SF retail building with multiple spaces for lease.
      898 Centre St, Ridgeland, MS 39157
      View Details
    • $1,195,000
      7,300 SF

      Ridgeland Office Building For Sale

      7,300 SF office building with long-term lease in place.
      690 Towne Center Blvd, Ridgeland, MS 39157
      View Details

    FAQs

    What type of property is this?
    Office building - 5,051 SF office building in a strategic Ridgeland location.
    Where is this office building located?
    The property is located at 595 Northpark Dr Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - Strategic Ridgeland location in the heart of Northpark Business Center.; - C-1 zoning allows for versatile office uses.; - Highly visible from Northpark Dr.
    (601) 987-0202
    Request Owner's contact information
    595 Northpark Dr 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.
    595 Northpark Dr
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    595 Northpark Dr 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Speed, Ccim
    Jeff Speed, Ccim
    Real Estate License ID: #16810
    (601) 987-0202 (601) 624-8380
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!