Storefront Retail
For Sale
Contact for pricing
574 Highway 51, Ridgeland, MS 39157
Steel-frame construction, brick veneer, and ample parking define this existing retail asset.
Property Size16,057 SF
Price / SF$124.56
Days on Market84
Property Features for 574 Highway 51
General Information
Standard status
Active
Size
16,057 SF
Property subtype
RETAIL
Listing Agency:
Estes Bush Real Estate
(601) 499-4310
Listed By:
Brian E. Estes, CCIM · License #B12489
(601) 906-8999
Source:
Moodyscre
Added: Jul 24
Changed: Sep 14
Last Checked: Oct 15 at 1:30AM
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
Investment Insights
Based on property information with market context.
This storefront retail property contains 16,057 rentable square feet on 1.49 acres. The building features steel-frame construction with a brick veneer exterior, and the site includes ample parking.
The property is located at 574 Highway 51 in Ridgeland, Mississippi, approximately one mile north of Jackson. Highway 51 connects Jackson, Ridgeland, and Madison and carries an estimated 25,000 to 30,000 cars per day. The site is also positioned within an 8-minute drive of a population identified as 50,000 people.
The property is located at 574 Highway 51 in Ridgeland, Mississippi, approximately one mile north of Jackson. Highway 51 connects Jackson, Ridgeland, and Madison and carries an estimated 25,000 to 30,000 cars per day. The site is also positioned within an 8-minute drive of a population identified as 50,000 people.
Key Highlights
- 16,057 rentable square feet on 1.49 acres
- Located at 574 Highway 51 in Ridgeland, MS
- Estimated Highway 51 traffic of 25,000 to 30,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,291
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,125,820
$3.1M
Cap Rate 7%
$2,232,729
$2.2M
Cap Rate 9%
$1,736,567
$1.7M
Market Conditions
NOI Build-Up for 16,057 SF
Gross rent
$240.9K $15.00/SF
− Vacancy
−$17.6K −$1.10/SF
EGI
$223.3K $13.91/SF
− OpEx
−$67.0K −$4.17/SF
NOI
$156.3K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,125,820
Cap Rate 7%
$2,232,729
Cap Rate 9%
$1,736,567
Alternative Uses
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wells Fargo
Shops & Services
6,713 visits/mo
0.1 miles
AutoZone
Shops & Services
3,054 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petals & Pails — 500 US-51, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Storefront property - Steel-frame construction, brick veneer, and ample parking define this existing retail asset.
Where is this storefront property 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: 16,057 rentable square feet on 1.49 acres; Located at 574 Highway 51 in Ridgeland, MS; Estimated Highway 51 traffic of 25,000 to 30,000 cars per day
