Office Building with Two-Level
403 Towne Center Boulevard lot Bldg. C Ridgeland, MS 39157
For Sale
$575,000
COMMERCIAL - Ridgeland, MS
Property Size4,784 SF
Lot Size0.49 Acres
Price / SF$120.19
Days on Market92
Property Features for 403 Towne Center Boulevard lot Bldg. C
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
APN
072i-32b-001/01.08
Size
4,784 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 112.4' X 209.79' IN LOT 5 BLK 3 8 H C
Tax Annual Amount
13500
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1998
Flooring type
Carpet, Wood
Roof type
Shingle
Listing Agency:
Polles Properties, LLC
(601) 898-3364
Listed By:
Amanda Polles · License #B20367
(601) 898-3364
Added: Apr 27
Changed: Jul 24
Last Checked: Jul 27 at 1:06PM
MLS# 4147419
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a practical two-level layout designed for professional use. The interior includes a reception area, four private offices, a break room, and bathrooms on both levels. The building is configured to support a straightforward tenant workflow, whether you need offices concentrated on one floor or a split arrangement across upstairs and downstairs spaces.
The property is located at 403 Towne Center Boulevard in Ridgeland, Mississippi, within Madison County. It provides convenient access to major roads and is surrounded by retail, dining, and other professional services, which can support client and staff access.
The space may suit owner-users looking for an established office setting with multiple private offices and shared support amenities. It can also be a fit for businesses that value flexibility between upstairs and downstairs options while keeping a reception-focused entry experience. With its professional layout and dual-floor bathroom availability, the building supports day-to-day operations for teams that need dedicated rooms in addition to shared common space.
The property is located at 403 Towne Center Boulevard in Ridgeland, Mississippi, within Madison County. It provides convenient access to major roads and is surrounded by retail, dining, and other professional services, which can support client and staff access.
The space may suit owner-users looking for an established office setting with multiple private offices and shared support amenities. It can also be a fit for businesses that value flexibility between upstairs and downstairs options while keeping a reception-focused entry experience. With its professional layout and dual-floor bathroom availability, the building supports day-to-day operations for teams that need dedicated rooms in addition to shared common space.
Key Highlights
- Office building with upstairs and downstairs options at 403 Town Center Blvd in Ridgeland
- Reception area plus four private offices, break room, and bathrooms on both levels
- Public water and public sewer available; utilities connected for the office space
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 | $83.2k | $17.40 |
| − Vacancy | −$15.4k | −$3.22 |
| EGI | $67.8k | $14.18 |
| − OpEx | −$17.0k | −$3.55 |
| NOI | $50.9k | $10.64 |
4,784 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$726.9K
$636.0K – $848.0K
NOI $50,881 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.2K – $1.21M
NOI $72,899 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-level office building with reception, private offices, break room, and bathrooms on both floors.
Where is this office building located?
The property is located at 403 Towne Center Boulevard lot Bldg. C Ridgeland, MS.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Office building with upstairs and downstairs options at 403 Town Center Blvd in Ridgeland; Reception area plus four private offices, break room, and bathrooms on both levels; Public water and public sewer available; utilities connected for the office space
