Office-Warehouse Flex
193 Business Park, Ridgeland, MS 39157
For Sale
Contact for pricing
Office-warehouse layout with zoning in the Technical Industrial Park District for mixed operational needs.
Property Size28,000 SF
Lot Size2.44 Acres
Days on Market143
Property Features for 193 Business Park
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Lease Term
Building Details
Building Size
Properties For Sale
at 193 Business Park
B (Sublease)
Size
7,695 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI UCR Properties
Listed By:
Micah McCullough, CCIM, SIOR · License #MS #B-18980
(601) 981-6800
Source:
Naiglobal
Added: Jun 18
Changed: Nov 2
Last Checked: Nov 6 at 6:34AM
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 NAI UCR Properties
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Investment Insights
Based on property information with market context.
This office-warehouse flex building at 193 Business Park is designed for businesses that need both work space and storage under one roof. The property offers a combined configuration that supports an office with a storage component, making it well-suited to companies that require space for day-to-day operations alongside warehousing needs. The building sits on 2.44 acres, providing room for a practical site footprint aligned with its functional use.
The property is located in Ridgeland, MS, at 193 Business Park. It is zoned within the Technical Industrial Park District, supporting industrial-oriented operations where an office component and operational space are part of the real estate requirement.
For tenants or buyers looking for flexibility, the space can accommodate a range of operational models, including traditional office-and-storage uses, as well as office-oriented R&D or distribution needs. This is a good fit for organizations that want one integrated facility rather than separating administrative space from warehouse functions. If your operations call for coordinated workflow between office space and storage, this property’s office-warehouse design and industrial zoning are the primary attributes to evaluate.
The property is located in Ridgeland, MS, at 193 Business Park. It is zoned within the Technical Industrial Park District, supporting industrial-oriented operations where an office component and operational space are part of the real estate requirement.
For tenants or buyers looking for flexibility, the space can accommodate a range of operational models, including traditional office-and-storage uses, as well as office-oriented R&D or distribution needs. This is a good fit for organizations that want one integrated facility rather than separating administrative space from warehouse functions. If your operations call for coordinated workflow between office space and storage, this property’s office-warehouse design and industrial zoning are the primary attributes to evaluate.
Key Highlights
- Office‑warehouse building at 193 Business Park, Ridgeland, MS
- 2.44‑acre property with office and warehouse operational space
- Zoned in the Technical Industrial Park District for mixed operational uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,890,100
$2.9M
Cap Rate 7%
$2,064,357
$2.1M
Cap Rate 9%
$1,605,611
$1.6M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$225.1K $8.04/SF
− Vacancy
−$18.7K −$0.67/SF
EGI
$206.4K $7.37/SF
− OpEx
−$61.9K −$2.21/SF
NOI
$144.5K $5.16/SF
Area
Madison County, MS
Vacancy
8.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,890,100
Cap Rate 7%
$2,064,357
Cap Rate 9%
$1,605,611
Alternative Uses
Best Use
Flex RnD
$3.21M
$2.81M – $3.75M
NOI $224,865 @ 7.0% cap · market cap 1,798,920.00%
Second Best
Warehouse
$2.51M
$2.19M – $2.92M
NOI $175,470 @ 7.0% cap · market cap 1,403,760.00%
Theoretical Best
Office A
$6.10M
$5.33M – $7.11M
NOI $426,666 @ 7.0% cap · market cap 3,413,328.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Well-served
Demand for This Use
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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
$259,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Madison County, MS
Properties on Market for Flex space in Madison County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office-warehouse layout with zoning in the Technical Industrial Park District for mixed operational needs.
Where is this flex space located?
The property is located at 193 Business Park Ridgeland, MS.
What are key features of this property?
This property features: Office‑warehouse building at 193 Business Park, Ridgeland, MS; 2.44‑acre property with office and warehouse operational space; Zoned in the Technical Industrial Park District for mixed operational uses
