Executive Office-Warehouse Flex
206 Park Court Ridgeland, MS 39157
For Sale
$1,100,000
COMMERCIAL - Ridgeland, MS
Property Size10,521 SF
Lot Size0.36 Acres
Price / SF$104.55
Days on Market131
Property Features for 206 Park Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 072i-30b-003-06-00
- Size
- 10,521 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1 HARRIS 2 LOT SUBDIVISION - F INAL PLAT
- Tax Annual Amount
- 5860
Building Details
- Year built
- 2005
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Amanda P Overby · License #B19487
(601) 624-4611
Added: Mar 18
Changed: Jul 24
Last Checked: Jul 26 at 8:06PM
MLS# 4142787
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly renovated executive office/warehouse facility is designed as a turnkey flex property, combining heated and cooled office space with fully functional shop and warehouse capabilities. The heated and cooled office area is approximately 3,388 square feet and includes new luxury vinyl tile flooring, refreshed interior finishes, upgraded trim and ceilings, and a custom reception feature wall. The breakroom has been modernized with custom cabinetry, granite countertops, and a full appliance package, and the restrooms have been updated throughout, including an executive bath with a walk-in shower and premium fixtures.
The warehouse and shop portion is approximately 7,100 square feet with operational features that support day-to-day use, including 208-volt, three-phase electrical service, extensive 220-volt outlets, heated warehouse space, and a large roll-up overhead door. Additional building improvements include multi-zone HVAC, LED lighting, security and access control systems, sprinkler coverage, dedicated parking, and exterior storage capability. The property is also pre-wired for future EV charging.
Constructed in 2005 with a steel-frame structure, brick facade, and metal siding, the facility is currently owner-occupied and maintained following more than $250,000 in capital improvements since 2023.
The warehouse and shop portion is approximately 7,100 square feet with operational features that support day-to-day use, including 208-volt, three-phase electrical service, extensive 220-volt outlets, heated warehouse space, and a large roll-up overhead door. Additional building improvements include multi-zone HVAC, LED lighting, security and access control systems, sprinkler coverage, dedicated parking, and exterior storage capability. The property is also pre-wired for future EV charging.
Constructed in 2005 with a steel-frame structure, brick facade, and metal siding, the facility is currently owner-occupied and maintained following more than $250,000 in capital improvements since 2023.
Key Highlights
- Newly renovated with over $250,000 in capital improvements since 2023, resulting in a turnkey property.
- Combines +\/-3,388 sq ft of high‑quality, heated and cooled office space with +\/-7,100 sq ft of fully functional, heated warehouse/shop space.
- Modernized office space includes new LVT flooring, refreshed finishes, upgraded trim/ceilings, custom reception wall, and a fully modernized breakroom with granite countertops and appliances.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.7k | $14.04 |
| − Vacancy | −$17.7k | −$1.68 |
| EGI | $130.0k | $12.36 |
| − OpEx | −$45.5k | −$4.32 |
| NOI | $84.5k | $8.03 |
10,521 SF · lease $14.04/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,899 @ 7.0% cap · market cap 10.17%
Second Best
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,493 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,320 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Evolve - Mobile Oil ...
Auto Repair Shop
Similar Off Market Nearby
- Southern Comforts Ventures LLC — 1000 Highland Colony Pkwy building 5000 suite 5203, Ridgeland, MS 39157
- RWB Hospitality LLC — 214 Draperton Dr, Ridgeland, MS 39157
- Olivia's Food Emporium — 637 US-51 Suite K, Ridgeland, MS 39157
FAQs
What type of property is this?
Flex space - Newly renovated flex office and warehouse space with heated shop areas, large roll-up door, and upgraded office finishes.
Where is this flex space located?
The property is located at 206 Park Court Ridgeland, MS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Newly renovated with over $250,000 in capital improvements since 2023, resulting in a turnkey property.; Combines +\/-3,388 sq ft of high‑quality, heated and cooled office space with +\/-7,100 sq ft of fully functional, heated warehouse/shop space.; Modernized office space includes new LVT flooring, refreshed finishes, upgraded trim/ceilings, custom reception wall, and a **fully modernized breakroom with granite countertops and appliances.**
