Retail Showroom
For Sale
$2,500,000
812 Lake Harbour Drive, Ridgeland, MS 39157
For sale retail showroom/storefront property on Lake Harbour Drive in Ridgeland, suitable for client-facing retail uses.
Property Size10,125 SF
Days on Market53
Property Features for 812 Lake Harbour Drive
General Information
Standard status
Active
Size
10,125 SF
Total Parking Spaces
6
Zoning
C2
Taxes and HOA fees
Annual Taxes
$10,174
Amenities
Central Air, Zoned
Central, Zoned, Natural Gas
Carport, Parking Lot, Gravel, Paved
Awning(s), Permeable Paving, Private Entrance
Building Details
Building Size
10,125 SF
Stories
2
Listing Agency:
Fast Track Realty
(662) 822-1555
Listed By:
Seth E Spratlin · License #S54908
(662) 822-1555
Source:
Evrealestate
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 22 at 4:39AM
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 Fast Track Realty
Investment Insights
Based on property information with market context.
This property is offered for sale as a retail showroom and storefront commercial real estate asset. It is categorized for businesses that benefit from a client-facing retail environment, supported by its storefront-oriented presentation and showroom use designation.
The address is 812 Lake Harbour Drive in Ridgeland, Mississippi, within Madison County. The listing is positioned for prospective owners and operators looking for a retail-facing space in Ridgeland.
From an operator’s perspective, a showroom/storefront configuration is typically a fit for uses that require visibility to walk-in and appointment traffic, as well as space for displaying products or services. For buyers, the property provides an ownership opportunity in the retail showroom/storefront segment, with the layout and improvements aligning to those business models. Interested parties can review the offering materials to confirm the specific interior configuration and any buildout features for their planned use.
The address is 812 Lake Harbour Drive in Ridgeland, Mississippi, within Madison County. The listing is positioned for prospective owners and operators looking for a retail-facing space in Ridgeland.
From an operator’s perspective, a showroom/storefront configuration is typically a fit for uses that require visibility to walk-in and appointment traffic, as well as space for displaying products or services. For buyers, the property provides an ownership opportunity in the retail showroom/storefront segment, with the layout and improvements aligning to those business models. Interested parties can review the offering materials to confirm the specific interior configuration and any buildout features for their planned use.
Key Highlights
- Client‑facing retail showroom/storefront property for sale on Lake Harbour Drive in Ridgeland
- Central air with zoned heating and zoned natural gas service
- Parking options include carport plus parking lot with gravel and paved surfaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,552
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,971,040
$2.0M
Cap Rate 7%
$1,407,886
$1.4M
Cap Rate 9%
$1,095,022
$1.1M
Market Conditions
NOI Build-Up for 10,125 SF
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.
Gross rent
$151.9K $15.00/SF
− Vacancy
−$11.1K −$1.10/SF
EGI
$140.8K $13.91/SF
− OpEx
−$42.2K −$4.17/SF
NOI
$98.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,971,040
Cap Rate 7%
$1,407,886
Cap Rate 9%
$1,095,022
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,552 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,286 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
146k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 29%
Shops & Services 19%
Beauty & Spa 1%
Kroger
Groceries
42,600 visits/mo
0.3 miles
Wendy's
Dining
19,375 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
15,925 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
10,630 visits/mo
0.4 miles
Waffle House
Dining
7,590 visits/mo
0.3 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
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Frequently Asked Questions
What type of property is this?
Showroom - For sale retail showroom/storefront property on Lake Harbour Drive in Ridgeland, suitable for client-facing retail uses.
Where is this showroom located?
The property is located at 812 Lake Harbour Drive Ridgeland, MS.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Client‑facing retail showroom/storefront property for sale on Lake Harbour Drive in Ridgeland; Central air with zoned heating and zoned natural gas service; Parking options include carport plus parking lot with gravel and paved surfaces
