Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ridgeland Office Suite For Rent Title is generated by Realmo AI

    301 Highland Park Cove, Ridgeland, MS 39157

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Rare first-floor office suite in Ridgeland, 955+/- sqft available.

    Type:Office
    Property size:
    955 SF
    Added:
    May 2, 2023
    Days on Market:
    1121
    Last Refresh:
    Mar 16 at 10:24 am

    Property Features for 301 Highland Park Cove

    General Information

    Standard status
    Active
    Size
    955 SF
    Property subtype
    Office

    Spaces For Lease

    at 301 Highland Park Cove Contact us

    Available Space 1 $21/Mo

    Size
    955 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Hugh Johnson

    Listing agent Hugh Johnson License #MS

    Listing office Walter Michel Agency

    Listing date May 2, 2023

    Source Crexi

    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 Walter Michel Agency

    HighLights

    • Extremely rare small 1st floor suite off Highland Colony Parkway.
    • Enjoy the convenience of front door parking.
    • Beautiful hardwood flooring throughout.
    • Rent: $1,675.00 / month.
    • Landlord provides all interior and exterior upkeep.
    • 955 +/- Rentable Square Feet.

    Overview

    Located at 301 Highland Park Cove in Ridgeland, this is a rare opportunity to lease a small first-floor office suite off Highland Colony Parkway. The suite offers approximately 955 rentable square feet and is situated on the first floor in the front right corner, providing convenient front door parking. The suite features hardwood flooring. The monthly rent is $1,675. The landlord is responsible for janitorial services for common areas, as well as all interior and exterior upkeep. The tenant is responsible for utilities, communication needs, and janitorial services for the suite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primerica Insurance Agency Marlon Echols: Primerica ... Financial Advisor Llewellyn Gray: Primerica ... Financial Advisor Williams CPA Firm ... Accounting Firm OBERHOUSEN LAW FIRM ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store Pharmacy Skin Care Clinic Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.18024
    Latitude
    32.415205

    Nearby Similar for Lease

    • $1,327/Mo
      796 SF

      Ridgeland Office Space For Rent

      Three-story office building in Woodlands Office Park, Ridgeland, MS.
      795 Woodlands Parkway, Ridgeland, MS 39157
      View Details
    • $1,397/Mo
      4,952 SF

      Ridgeland Office Suite For Rent

      Second-floor office suite in Northpark Drive corridor, Ridgeland, MS.
      1030 Northpark Drive, Ridgeland, MS 39157
      View Details
    • $2,817/Mo
      1,690 SF

      Ridgeland Office Building For Lease

      Three-story office building in Woodlands Office Park, Ridgeland, MS.
      795 Woodlands Parkway, Ridgeland, MS 39157
      View Details
    • $2,178/Mo
      1,188 SF

      Prime Mixed-Use Commercial Development

      Well-located mixed-use property with high visibility and flexible floor plans.
      101 W Washington Street lot: B5, Ridgeland, MS 39157
      View Details
    • $1,813/Mo
      1,450 SF

      Prime Retail Space in Ridgeland

      High-visibility retail space with recent upgrades and flexible configurations.
      1060 E County Line Road lot: 2B, Ridgeland, MS 39157
      View Details
    • $8,589/Mo
      5,668 SF

      Restaurant Space with Patio Seating

      Highly visible restaurant space in a busy retail corridor.
      1060 E County Line Road lot: 21, Ridgeland, MS 39157
      View Details
    • $3,800/Mo
      2,200 SF

      Ridgeland Commercial Space For Rent

      Highly visible corner-unit commercial space in desirable Ridgeland business corridor.
      717 Rice Road lot: H, Ridgeland, MS 39157
      View Details
    • $1,550/Mo
      900 SF

      Retail Space in Ridgeland, MS

      Turn-key retail/bakery space in a well-located neighborhood center.
      655 Lake Harbour Drive lot: 400, Ridgeland, MS 39157
      View Details
    • $2,005/Mo
      1,718 SF

      Ridgeland Office Suite For Rent

      Office suite in Ridgeland's bustling business district.
      359 Towne Center Boulevard lot: 400, Ridgeland, MS 39157
      View Details
    • $3,508/Mo
      2,000 SF

      Ridgeland Retail/Office Space Available

      Retail and office spaces with easy access on busy corridor.
      1060 E County Line Road lot: 1A, Ridgeland, MS 39157
      View Details
    • $2,550/Mo
      1,800 SF

      Ridgeland Retail Space For Rent

      Retail space available in newly renovated Centre Park.
      1060 E County Line Road lot: 10, Ridgeland, MS 39157
      View Details
    • $2,067/Mo
      1,200 SF

      Retail Space in Charmant Station

      Retail space available in a centrally located shopping center.
      655 Lake Harbour Drive lot: 1100, Ridgeland, MS 39157
      View Details

    FAQs

    What type of property is this?
    Office units - Rare first-floor office suite in Ridgeland, 955+/- sqft available.
    Where is this office units located?
    The property is located at 301 Highland Park Cove Ridgeland, MS.
    What are key features of this property?
    This property features: Extremely rare small 1st floor suite off Highland Colony Parkway.; Enjoy the convenience of front door parking.; Beautiful hardwood flooring throughout.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hugh Johnson
    Real Estate License ID: MS
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    301 Highland Park Cove, Ridgeland, MS 39157
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!