Ridgeland Warehouse with Office
For Sale
Contact for pricing
216 Industrial Dr, Ridgeland, MS 39157
20,167 SF warehouse with office in prime Ridgeland location.
Property Size20,167 SF
Lot Size0.98 Acres
Price / SF$135
Days on Market574
Property Features for 216 Industrial Dr
General Information
Standard status
Active
Size
20,167 SF
Lot size
0.98 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Pinpoint Commercial Real Estate, LLC
(601) 383-3733
Listed By:
Sam Cox
(601) 383-3733
Source:
Moodyscre
Added: Jan 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:10AM
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 Pinpoint Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
The property at 216 Industrial Dr, Ridgeland, MS, features a 20,167 square foot building. The building is primarily open warehouse space with approximately 2,000 square feet of built-out office area. It includes one dock-height door and a ramp to a grade-level door. The property is located in the Ridgeland submarket, an area with low warehouse vacancy. The location offers a distribution user a premier location with low traffic counts within the light industrial park. The property is zoned for limited industrial use, accommodating various warehouse users.
Key Highlights
- Premier location in the sought‑after Ridgeland, MS submarket with low warehouse vacancy.
- 20,167 square feet of warehouse space with +/-2,000 square feet of office area.
- Dock height door and ramp to grade level door for versatile loading/unloading.
Financial Insights For Office B
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 | $350.9k | $17.40 |
| − Vacancy | −$64.9k | −$3.22 |
| EGI | $286.0k | $14.18 |
| − OpEx | −$71.5k | −$3.55 |
| NOI | $214.5k | $10.64 |
20,167 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,491 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,382 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,306 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
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
Market
Properties on Market for Warehouses in Ridgeland
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tacol Self Storage Facility — 288 S Perkins St, Ridgeland, MS 39157
- Stowaway Ridgeland Self Storage — 300 US-51, Ridgeland, MS 39157
- Extra Space Storage — 426 Christine Dr, Ridgeland, MS 39157
- StorageMax Ridgeland — 326 New Pointe Dr, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Warehouse - 20,167 SF warehouse with office in prime Ridgeland location.
Where is this warehouse located?
The property is located at 216 Industrial Dr Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,722,545.
What are key features of this property?
This property features: Premier location in the sought‑after Ridgeland, MS submarket with low warehouse vacancy.; 20,167 square feet of warehouse space with +/-2,000 square feet of office area.; Dock height door and ramp to grade level door for versatile loading/unloading.
