267 S Perkins St Ridgeland, MS 39157
Two buildings with credit tenant, 6+ years remaining on lease.
- 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 (601) 940-9503
Listing date Feb 18, 2026
Source Thebrokerlist
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Investment Insights
Based on property information with market context.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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