Renovated Flex Facility For
For Sale
$1,100,000
206 Park Ct, Ridgeland, MS 39157
Turnkey flex facility with extensive renovations and upgrades.
Property Size10,521 SF
Price / SF$104.55
Days on Market197
Property Features for 206 Park Ct
General Information
Standard status
Active
Size
10,521 SF
Building Details
Year Built
2005
Listing Agency:
Overby, Inc.
Listed By:
Amanda P Overby · License #B19487
(601) 624-4611
Source:
Fiorellaavenue
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 7 at 2:40PM
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 Overby, Inc.
Investment Insights
Based on property information with market context.
This extensively renovated flex facility, located in Ridgeland, Mississippi, is available for sale. The property has undergone over $250,000 in upgrades, making it a turnkey opportunity. The building offers a total area of 10,521 square feet and is suitable for flex space, industrial, and general commercial real estate purposes.
Key Highlights
- Extensively renovated flex facility
- Turnkey condition
- Over $250,000 in upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,493
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,860
$1.7M
Cap Rate 7%
$1,207,043
$1.2M
Cap Rate 9%
$938,811
$938.8K
Market Conditions
NOI Build-Up for 10,521 SF
Gross rent
$147.7K $14.04/SF
− Vacancy
−$17.7K −$1.68/SF
EGI
$130.0K $12.36/SF
− OpEx
−$45.5K −$4.32/SF
NOI
$84.5K $8.03/SF
Area
Madison County, MS
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,860
Cap Rate 7%
$1,207,043
Cap Rate 9%
$938,811
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,493 @ 7.0% cap · market cap 7.68%
Second Best
Industrial
$775.7K
$678.7K – $905.0K
NOI $54,298 @ 7.0% cap · market cap 4.94%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- RWB Hospitality LLC — 214 Draperton Dr, Ridgeland, MS 39157
- Southern Comforts Ventures LLC — 1000 Highland Colony Pkwy building 5000 suite 5203, Ridgeland, MS 39157
- Olivia's Food Emporium — 637 US-51 Suite K, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Flex space - Turnkey flex facility with extensive renovations and upgrades.
Where is this flex space located?
The property is located at 206 Park Ct 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: Extensively renovated flex facility; Turnkey condition; Over $250,000 in upgrades
