Neighborhood Retail
New
For Sale
$2,450,000
655 Lake Harbour Drive, Ridgeland, MS 39157
Commercial Sale, Ridgeland, MS
Property Size16,152 SF
Lot Size1.50 Acres
Price / SF$151.68
Days on Market1
Property Features for 655 Lake Harbour Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C2
Subdivision
Highland Colony
Lot features
Corner Lot, Landscaped, Corner Lot, Landscaped
Standard status
Active
APN
072i-32b-014-00-00
Size
16,152 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.5 AC OUT E/S LOT 1 HIGHLAND CL BL 1 -47 1 36
Tax Annual Amount
24945
Legal Description
1.5 AC OUT E/S LOT 1 HIGHLAND CL BL 1 -47 1 36
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2007
Roof type
Metal
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Scott Overby · License #B-16214
(601) 624-8511
Added: Oct 19
Last Checked: Oct 19 at 3:06PM
MLS# 4165922
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.
Charmant Station is a 16,152-square-foot neighborhood shopping center comprising 12 suites on 1.50 acres. Built in 2007, the property has brick and stucco construction, a metal roof, central heating and central air, and 93 parking spaces. Occupancy is 92.6 percent, with one 1,200-square-foot suite available. Leases are NNN, with one exception, and the tenant mix includes service and restaurant businesses.
The center fronts Lake Harbour Drive and Charmant Drive. Lake Harbour Drive carries 23,000 to 27,000 vehicles per day, according to MDOT 2026, and connects Rankin County and the Reservoir with Highland Colony Parkway, Renaissance at Colony Park, and Costco. The 15-minute drive-time area has a daytime population of 106,679, per Esri 2026. The property is zoned C-2A.
The center fronts Lake Harbour Drive and Charmant Drive. Lake Harbour Drive carries 23,000 to 27,000 vehicles per day, according to MDOT 2026, and connects Rankin County and the Reservoir with Highland Colony Parkway, Renaissance at Colony Park, and Costco. The 15-minute drive-time area has a daytime population of 106,679, per Esri 2026. The property is zoned C-2A.
Key Highlights
- 16,152 SF neighborhood retail center with 12 suites on 1.50 acres
- 92.6 percent occupied; one 1,200 SF suite is available
- Frontage on Lake Harbour Drive and Charmant Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,215
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,144,300
$3.1M
Cap Rate 7%
$2,245,929
$2.2M
Cap Rate 9%
$1,746,833
$1.7M
Market Conditions
NOI Build-Up for 16,152 SF
Gross rent
$242.3K $15.00/SF
− Vacancy
−$17.7K −$1.10/SF
EGI
$224.6K $13.91/SF
− OpEx
−$67.4K −$4.17/SF
NOI
$157.2K $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%
$3,144,300
Cap Rate 7%
$2,245,929
Cap Rate 9%
$1,746,833
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,215 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,125 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
92.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Kroger Fuel Center
Shops & Services
10,630 visits/mo
0.4 miles
Shell
Shops & Services
9,023 visits/mo
0.5 miles
Newk's Eatery
Dining
8,481 visits/mo
0.2 miles
Applebee's
Dining
6,261 visits/mo
0.4 miles
Chevron
Shops & Services
4,635 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Je T’aime Enterprises — 665 S Pear Orchard Rd, Ridgeland, MS 39157
- Charmant Station — 655 Lake Harbour Dr #100, Ridgeland, MS 39157
- Coinstar Kiosk | Bitcoin ATM — Kroger - Delta, 7045 Old Canton Rd, Ridgeland, MS 39157
Frequently Asked Questions
What type of property is this?
Shopping center - A multi-suite center combines service and restaurant businesses with an available retail suite.
Where is this shopping center located?
The property is located at 655 Lake Harbour Drive Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 16,152 SF neighborhood retail center with 12 suites on 1.50 acres; 92.6 percent occupied; one 1,200 SF suite is available; Frontage on Lake Harbour Drive and Charmant Drive
