New Class A Office
For Sale
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243 Sunnybrook Rd, Ridgeland, MS
20,800 SF office, medical, and retail space for lease.
Property Size20,800 SF
Lot Size1.51 Acres
Price / SF$360.58
Days on Market274
Property Features for 243 Sunnybrook Rd
General Information
Standard status
Active
Size
20,800 SF
Lot size
1.51 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 243 Sunnybrook Rd Contact us- Floor
- 1-2
- Size
- 62,400 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, 300 days
Sunnybrook Development LLC
Sunnybrook Development Mixed Use/Office Condominiums. Located at I-55 Ridgeland,...
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Listing Agency:
Mark S Bounds Realty Partners
(601) 955-1911
Listed By:
Mark S Bounds CCIM, SIOR, Cert General Real Estate Appraiser
(601) 955-1911
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 9
Last Checked: Aug 24 at 8:11AM
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 Mark S Bounds Realty Partners
Investment Insights
Based on property information with market context.
This two-story building offers 20,800 square feet of space available for pre-leasing, suitable for office, medical, and retail tenants. Each floor provides 10,400 square feet. The property is located off Jackson Avenue, less than one mile from UMMC's Ridgeland Campus and Jackson Heart, with convenient access to I-55.
Key Highlights
- Class A office, medical, and retail space available for pre‑leasing
- Located less than one mile from UMMC's Ridgeland Campus and Jackson Heart
- Easy access to I‑55
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
$247,965
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
3.31%
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%
$4,959,300
$5.0M
Cap Rate 7%
$3,542,357
$3.5M
Cap Rate 9%
$2,755,167
$2.8M
Market Conditions
NOI Build-Up for 20,800 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
$461.8K $22.20/SF
− Vacancy
−$48.5K −$2.33/SF
EGI
$413.3K $19.87/SF
− OpEx
−$165.3K −$7.95/SF
NOI
$248.0K $11.92/SF
Area
Madison County, MS
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$4,959,300
Cap Rate 7%
$3,542,357
Cap Rate 9%
$2,755,167
Alternative Uses
Best Use
Healthcare Medical
$3.54M
$3.10M – $4.13M
NOI $247,965 @ 7.0% cap · market cap 3.31%
Second Best
Office B
$3.16M
$2.77M – $3.69M
NOI $221,224 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$4.53M
$3.96M – $5.28M
NOI $316,952 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 20,800 SF office, medical, and retail space for lease.
Where is this office units located?
The property is located at 243 Sunnybrook Rd Ridgeland, MS.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Class A office, medical, and retail space available for pre‑leasing; Located less than one mile from UMMC's Ridgeland Campus and Jackson Heart; Easy access to I‑55
