Retail Property on Highway
574 Highway 51, Ridgeland, MS
Call to check price and availability
Retail property in Ridgeland, MS with high traffic volume.
Type:RETAIL
Property size:
16,057 SFLot size:
1.53 AcresPrice / SF:
$124/SF- Added:
- Nov 23, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 5 at 8:31 pm
Property Features for 574 Highway 51
General Information
- Standard status
- Active
- Size
- 16,057 SF
- Lot size
- 1.53 Acres
- Property subtype
- RETAIL
Listing agent Brian E. Estes, CCIM (601) 906-8999
Listing office Estes Bush Real Estate (601) 906-8999
Listing date Nov 23, 2025
Source Moodyscre
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 Estes Bush Real Estate
HighLights
- High traffic location on Highway 51 (25‑30k cars per day).
- 16,057 rentable square feet.
- Located in Ridgeland, MS, near Jackson.
- Accessible to 50,000 people within an 8‑minute drive.
- Ample parking.
- Steel frame construction with brick veneer.
Overview
The property is located on Highway 51 in Ridgeland, MS, approximately one mile north of Jackson. Highway 51 is a major artery between Jackson, Ridgeland, and Madison, with an estimated traffic volume of 25,000 to 30,000 cars per day. The property is strategically located to benefit from the transient traffic on Highway 51, as well as the 50,000 people located within an 8-minute drive. The property includes 16,057 rentable square feet on 1.49 acres, with ample parking. The building features steel frame construction with brick veneer.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.74M
NOI $156,291 @ 9.00% cap · cautious / downside scenario
Moderate
$2.23M
NOI $156,291 @ 7.00% cap · market / base-case scenario
Aggressive
$3.13M
NOI $156,291 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.9k | $15.00 |
| − Vacancy | −$17.6k | −$1.10 |
| EGI | $223.3k | $13.91 |
| − OpEx | −$67.0k | −$4.17 |
| NOI | $156.3k | $9.73 |
16,057 SF · lease $15.00/SF/yr · vacancy 7.30% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $156,291 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,678 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1281
- Latitude
- 32.4298
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail property in Ridgeland, MS with high traffic volume.
Where is this shopping center located?
The property is located at 574 Highway 51 Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High traffic location on Highway 51 (25‑30k cars per day).; 16,057 rentable square feet.; Located in Ridgeland, MS, near Jackson.
