Healthcare Campus with
450 Towne Center Boulevard, Ridgeland, MS 39157
For Sale
$10,000,000
Commercial Sale, Ridgeland, MS
Property Size51,122 SF
Lot Size5.14 Acres
Price / SF$195.61
Days on Market47
Property Features for 450 Towne Center Boulevard
General Information
Property type
Property subtype
Parking features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
commercial kitchen
laundry
dining
timber-vaulted chapel
elevator
enclosed walkway
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Scott Overby · License MS B-16214
(601) 624-8511
Added: Sep 26
Changed: Oct 8
Last Checked: Nov 11 at 12:06PM
MLS# 4163726
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.
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Investment Insights
Based on property information with market context.
This 51,122-square-foot healthcare campus on 5.14 acres was built between 1997 and 1999 and is offered vacant. Its 50 private resident rooms are arranged in five suites with separate access, supported by a central nursing core, commercial kitchen, laundry, and dining space. A timber-vaulted chapel and a two-story administration building with an elevator are connected to the campus by an enclosed walkway. The property has central heating and air conditioning, public water and sewer, a shingle roof, sprinklers throughout, and 101 parking spaces.
A framed 15,432-square-foot expansion wing is ready for finish work. S-1 Special Use zoning lists group care facilities, retirement communities with related health care, schools, and churches as permitted uses. The facility is in Flood Zone X.
A framed 15,432-square-foot expansion wing is ready for finish work. S-1 Special Use zoning lists group care facilities, retirement communities with related health care, schools, and churches as permitted uses. The facility is in Flood Zone X.
Key Highlights
- 51,122 SF healthcare campus on 5.14 acres
- 50 private resident rooms across five separately accessed suites
- Framed 15,432 SF expansion wing ready for finish work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$419,543
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,390,860
$8.4M
Cap Rate 7%
$5,993,471
$6.0M
Cap Rate 9%
$4,661,589
$4.7M
Market Conditions
NOI Build-Up for 51,122 SF
Gross rent
$809.8K $15.84/SF
− Vacancy
−$47.0K −$0.92/SF
EGI
$762.8K $14.92/SF
− OpEx
−$343.3K −$6.71/SF
NOI
$419.5K $8.21/SF
Area
Madison County, MS
Vacancy
5.80%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,390,860
Cap Rate 7%
$5,993,471
Cap Rate 9%
$4,661,589
Alternative Uses
Best Use
Apartment 5plus
$5.99M
$5.24M – $6.99M
NOI $419,543 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.13M
$9.74M – $12.98M
NOI $779,001 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Healthcare property - Vacant care facility includes an expansion wing ready for completion and S-1 Special Use zoning.
Where is this healthcare property located?
The property is located at 450 Towne Center Boulevard Ridgeland, MS.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 51,122 SF healthcare campus on 5.14 acres; 50 private resident rooms across five separately accessed suites; Framed 15,432 SF expansion wing ready for finish work
