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Ridgeland Office/Warehouse Investment Opportunity

267 S Perkins St Ridgeland, MS 39157

Claim this Listing
For Sale
$1,950,000

Two buildings with credit tenant, 6+ years remaining on lease.

Type:Industrial
Property size:
11,526 SF
Price / SF:
$169/SF
Added:
Feb 18, 2026
Days on Market:
142
Last Refresh:
Feb 18 at 9:38 am

Property Features for 267 S Perkins St

General Information

Standard status
Active
Size
11,526 SF
Property subtype
Industrial

Listing office Payne Realty

Listing date Feb 18, 2026

Source Thebrokerlist

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 Payne Realty


Investment Insights

Based on property information with market context.

Located in the Ridgeland, MS industrial park, this offering includes two office and warehouse properties situated on the same parcel of land. The properties consist of approximately 6,426 square feet, with 3,540 square feet of heated and cooled office space and 2,886 square feet of non-climate controlled, partially finished warehouse space, and approximately 11,526 square feet of high-end office finish with studio space. The properties are occupied by a credit tenant who has been in the building for close to 20 years. With over 6 years remaining on a 10-year lease executed in 2020, this property presents a potential value-add opportunity in a stable area of Madison County. The location provides convenient access to Highway 51 and Interstate 55, situated just south of W. Jackson Street.

Key Highlights

  • Long‑term Credit Tenant: Enjoy peace of mind with a credit tenant secured for 6+ years on a 10‑year lease.
  • Stable Location: Situated in a stable area of Madison County.
  • Highway Access: Benefit from easy access to Highway 51 and Interstate 55.

Local 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 $200.6k $17.40
− Vacancy −$37.1k −$3.22
EGI $163.5k $14.18
− OpEx −$40.9k −$3.55
NOI $122.6k $10.64
11,526 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.75M
$1.53M – $2.04M (±1% cap)
NOI $122,588 @ 7.0% cap · market cap 6.29%
Second Best
Warehouse
$1.03M
$902.9K – $1.20M (±1% cap)
NOI $72,231 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M (±1% cap)
NOI $175,634 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Certifiable Studios Corporate Office

Suggested Use

Electrical Service Garden Center Storage Facility Grocery & Convenience Store Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Florist Bakery (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Tacol Self Storage Facility — 288 S Perkins St, Ridgeland, MS 39157
  • Extra Space Storage — 426 Christine Dr, Ridgeland, MS 39157
  • Ridgeland Self Storage — 286 Old Town Crossing, Ridgeland, MS 39157
  • StorageMax Ridgeland — 326 New Pointe Dr, Ridgeland, MS 39157

FAQs

What type of property is this?
Warehouse - Two buildings with credit tenant, 6+ years remaining on lease.
Where is this warehouse located?
The property is located at 267 S Perkins St Ridgeland, MS.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Long‑term Credit Tenant: Enjoy peace of mind with a credit tenant secured for 6+ years on a 10‑year lease.; Stable Location: Situated in a stable area of Madison County.; Highway Access: Benefit from easy access to Highway 51 and Interstate 55.
Contact an agent
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