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

    141 Township Avenue Ridgeland, MS

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

    Retail space available in a premier mixed-use development.

    Type:RETAIL
    Property size:
    1,697 SF
    Lot size:
    0.61 Acres
    Added:
    Dec 12, 2022
    Days on Market:
    1235
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 141 Township Avenue

    General Information

    Standard status
    Active
    Size
    1,697 SF
    Lot size
    0.61 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 141 Township Avenue Contact us

    We can help!

    Listing Contact
    Kerioth Marketing

    Listing agent Kerioth Marketing

    Listing office Kerioth Corporation

    Listing date Dec 12, 2022

    Source Moodyscre

    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 Kerioth Corporation

    Overview

    Mixed-Use Development Retail Space

    This mixed-use development offers retail space in a location described as a premier destination for living, working, and shopping. The available space is move-in ready for the right operator. Over 2 million square feet of professional Class A office space is occupied within 1 mile of the property. Tenant improvement allowance is available and negotiable. The property has a size of 1697 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allen Shive @ Doxa ... Crisis Center CORE Wellness & Recovery Gym & Fitness Center The Dapper Doughnut Bakery Mrs. Marta Witherow Counselor YoungWilliams PC Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.153
    Latitude
    32.4432

    Nearby Similar for Lease

    • $2,817/Mo

      Ridgeland Office Building For Lease

      Three-story office building in Woodlands Office Park, Ridgeland, MS.
      795 Woodlands Parkway lot: 210, Ridgeland, MS 39157
      View Details
    • $2,178/Mo

      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

      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

      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

      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
    • $2,005/Mo

      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

      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

      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

      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
    • $11,203/Mo

      Class A Office Space Available

      Class A office space for rent in Ridgeland, Mississippi.
      795 Woodlands Parkway lot: 301, Ridgeland, MS 39157
      View Details
    • $1,720/Mo

      Prime Mixed-Use Commercial Development

      Well-located mixed-use property with high visibility and flexible floor plans.
      103 W Washington Street lot: B6, Ridgeland, MS 39157
      View Details
    • $2,115/Mo

      Retail Space in Charmant Station

      Prime retail location with high visibility and easy access.
      655 Lake Harbour Drive lot: 800, Ridgeland, MS 39157
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a premier mixed-use development.
    Where is this retail space located?
    The property is located at 141 Township Avenue Ridgeland, MS.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Premier live, work, and shopping destination in Mississippi.; True mixed‑use, "new urbanism" type development.; Over 2 million square feet of Class‑A office space within 1 mile.
    (601) 319-8798 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kerioth Marketing
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!