Retail Portfolio: Stabilized and
For Sale
Contact for pricing
201 Ring Rd, Ridgeland, MS 39157
Two multi-tenant retail properties with stabilized cash flow and lease-up.
Property Size15,401 SF
Lot Size1.71 Acres
Price / SF$266.22
Days on Market681
Property Features for 201 Ring Rd
General Information
Standard status
Active
Size
15,401 SF
Class
B
Lot size
1.71 Acres
Property subtype
Retail
Zoning
C-3
Building Details
Year Built
2005
Listing Agency:
Cedar William
Listed By:
Steven Koutsantonis · License #10311205589
Source:
Crexi
Added: Oct 1, 2024
Changed: Aug 11
Last Checked: Aug 11 at 9:55AM
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 Cedar William
Investment Insights
Based on property information with market context.
This offering features a portfolio of two multi-tenant retail properties located in Jackson and Ridgeland, MS, situated along high-traffic commercial corridors near major regional retail drivers. The portfolio presents a balanced investment profile, combining stabilized cash flow at Northpark Station with a value-add lease-up opportunity at Highway 18 Plaza. Highway 18 Plaza, located at 5225 Hwy 18 W, Jackson, MS 39209, has a building size of 12,350 SF on 1.41 acres with 53 parking spaces. Built in 1986, it has approximately 189 feet of frontage along MS-18 and an occupancy of approximately 66%. The tenant mix includes Subway, Vap Con, and Super Clean Laundry. Northpark Station, located at 201 Ring Rd, Ridgeland, MS 39157, has a building size of 15,401 SF on 1.71 acres with 89 parking spaces. Built in 2005 and renovated in 2013 and 2018, it is 100% occupied. Its tenant mix includes Subway, C&C Catering, Vap Con, Super Clean Laundry, and Exclusive Cuts. Northpark Station provides fully stabilized cash flow in the core Northpark Mall trade area. Both properties benefit from Opportunity Zone designations. Highway 18 Plaza is directly across from Walmart Supercenter & Lowe’s and approximately 1 mile from Jackson State University. Northpark Station has strong visibility and access with approximately 243 feet of Ring Rd frontage.
Key Highlights
- High In‑Place Cap Rate: ~8.7% at $4.1M asking price, providing strong immediate return.
- Stabilized Cash Flow and Value‑Add Opportunity: Balanced portfolio with 100% leased Northpark Station and lease‑up potential at Highway 18 Plaza.
- Strategic Locations: Properties positioned along high‑traffic corridors (32,000‑40,000 VPD) near major retail drivers like Northpark Mall and Walmart Supercenter.
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
$149,906
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
3.66%
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%
$2,998,120
$3.0M
Cap Rate 7%
$2,141,514
$2.1M
Cap Rate 9%
$1,665,622
$1.7M
Market Conditions
NOI Build-Up for 15,401 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
$231.0K $15.00/SF
− Vacancy
−$16.9K −$1.10/SF
EGI
$214.2K $13.91/SF
− OpEx
−$64.2K −$4.17/SF
NOI
$149.9K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,998,120
Cap Rate 7%
$2,141,514
Cap Rate 9%
$1,665,622
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.50M
NOI $149,906 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,682 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
354k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Superstores 25%
Dining 14%
Home Improvements & Furnishings 11%
Walmart
Superstores
88,675 visits/mo
0.3 miles
Belk
Apparel
54,767 visits/mo
0.3 miles
JCPenney
Apparel
42,909 visits/mo
0.1 miles
Dillard's
Apparel
37,878 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
24,696 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Proactiv Kiosk — 1200 E County Line Rd, Ridgeland, MS 39157
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- County Line Plaza — 1053 E County Line Rd, Jackson, MS 39211
- MDHS Its In Shopping Center Behind Raising Canes And Beside Lowes — 950 E County Line Rd, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Shopping center - Two multi-tenant retail properties with stabilized cash flow and lease-up.
Where is this shopping center located?
The property is located at 201 Ring Rd Ridgeland, MS.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: High In‑Place Cap Rate: ~8.7% at $4.1M asking price, providing strong immediate return.; Stabilized Cash Flow and Value‑Add Opportunity: Balanced portfolio with 100% leased Northpark Station and lease‑up potential at Highway 18 Plaza.; Strategic Locations: Properties positioned along high‑traffic corridors (32,000‑40,000 VPD) near major retail drivers like Northpark Mall and Walmart Supercenter.
