Ridgeland Commercial Office
779 Avery Blvd N, Ridgeland, MS 39157
Two-story office building with additional suite on 1.35 acres.
Type:Office
Property size:
10,498 SFLot size:
1.35 AcresPrice / SF:
$142/SF- Added:
- Mar 3, 2026
- Days on Market:
- 84
- Last Refresh:
- Mar 16 at 2:15 pm
Property Features for 779 Avery Blvd N
General Information
- Standard status
- Active
- Size
- 10,498 SF
- Lot size
- 1.35 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing agent Forest Anthony License #S-59553
Listing office Backwoods Land Company
Listing date Mar 3, 2026
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 Backwoods Land Company
HighLights
- Prime commercial office property in the heart of Ridgeland, MS.
- Zoned C‑1 (Neighborhood Commercial District) supporting a wide range of professional and office uses.
- Two buildings: a 10,498± SF two‑story office building and a 1,158± SF two‑story building with garage.
- Main building features 24 private offices, a large reception area, and a dedicated conference room.
- ADA accessibility via elevator in the main building.
- Detached building ideal for executive suite, supplemental office space, or income‑producing use with full kitchen and bathroom.
Overview
This commercial office property is located in Ridgeland, Mississippi. Situated on approximately 1.35 acres, the site is zoned C-1 (Neighborhood Commercial District), accommodating various professional and office uses. Property A is a two-story professional office building with an area of approximately 10,498 square feet. It features a large downstairs reception area, a dedicated conference room, and elevator access for ADA accessibility. The layout includes 24 private office spaces designed for productivity and client flow. Property B is a detached two-story building with a garage, encompassing approximately 1,158 square feet. The downstairs area includes a full kitchen, dining area, and bathroom. Upstairs, there is a large open room and a private bathroom with a walk-in shower. This building is suitable for an executive suite, supplemental office space, or income-producing use.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.24M
NOI $111,654 @ 9.00% cap · cautious / downside scenario
Moderate
$1.60M
NOI $111,654 @ 7.00% cap · market / base-case scenario
Aggressive
$2.23M
NOI $111,654 @ 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 Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.7k | $17.40 |
| − Vacancy | −$33.8k | −$3.22 |
| EGI | $148.9k | $14.18 |
| − OpEx | −$37.2k | −$3.55 |
| NOI | $111.7k | $10.64 |
10,498 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,654 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,969 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bryan Homes Inc
Construction Company
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.220221
- Latitude
- 32.442047
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building with additional suite on 1.35 acres.
Where is this office building located?
The property is located at 779 Avery Blvd N Ridgeland, MS.
What is the asking price?
The asking price for this property is $1,497,000.
What are key features of this property?
This property features: Prime commercial office property in the heart of Ridgeland, MS.; Zoned C‑1 (Neighborhood Commercial District) supporting a wide range of professional and office uses.; Two buildings: a 10,498± SF two‑story office building and a 1,158± SF two‑story building with garage.
