515 S Pear Orchard Rd, Ridgeland, MS 39157
Retail building with showroom and storage in Ridgeland, Mississippi.
- Added:
- Aug 28, 2025
- Days on Market:
- 314
- Last Refresh:
- Jul 5 at 3:08 pm
Property Features for 515 S Pear Orchard Rd
General Information
- Standard status
- Active
- Size
- 3,150 SF
- Lot size
- 0.42 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing office Payne Realty Inc
Listing date Aug 28, 2025
Source Crexi
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 Inc
HighLights
- +/- 3,150 sq ft Retail Building
- Zoned C‑2a
- Located in Ridgeland, Mississippi
- +/- 1,800 sq ft Open Storage Area
- +/- 1,350 sq ft Front Retail/Showroom Area
- 0.42‑Acre Lot
Overview
Local Financial Insights For Retail
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 | $47.3k | $15.00 |
| − Vacancy | −$3.4k | −$1.10 |
| EGI | $43.8k | $13.91 |
| − OpEx | −$13.1k | −$4.17 |
| NOI | $30.7k | $9.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.123603
- Latitude
- 32.413324
