Mixed-Use Office and Warehouse
New
For Sale
$1,600,000
854 Wilson Drive, Ridgeland, MS 39157
Commercial Sale, Ridgeland, MS
Property Size16,099 SF
Lot Size1.56 Acres
Price / SF$99.39
Days on Market5
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Property Features for 854 Wilson Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C2
Subdivision
Highland Colony
Standard status
Active
APN
072i-31c-142-04-00
Size
16,099 SF
Lot size
1.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.56 AC BEING PT LOT 3 BLK 32 HC
Tax Annual Amount
19247
Legal Description
1.56 AC BEING PT LOT 3 BLK 32 HC
Amenities
receptions
conference rooms
private offices
open work area
break room
restrooms
showers
conditioned warehouse bay with roll up door and 12 foot clear height
Building Details
Year built
2006
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Amanda P Overby · License #B19487
(601) 624-4611
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 1:06PM
MLS# 4165215
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.
Investment Insights
Based on property information with market context.
This 16,099-square-foot mixed-use property combines office and warehouse space on 1.56 acres. Built in 2006 and renovated in 2013, the building is 62 percent finished office space and fully climate controlled. Suite A offers 10,339 contiguous square feet, with two reception areas, three conference rooms, private offices, an open work area, a break room, restrooms, showers, and a conditioned warehouse bay with a roll-up door and 12-foot clear height. The remaining building area is occupied under lease.
The property is in Ridgeland, four minutes from I-55 at East County Line Road. Improvements include pre-engineered steel construction, a pitched metal roof, a wet sprinkler system, and 60 parking spaces. The site is zoned C-2 General Commercial and is in Zone X.
The property is in Ridgeland, four minutes from I-55 at East County Line Road. Improvements include pre-engineered steel construction, a pitched metal roof, a wet sprinkler system, and 60 parking spaces. The site is zoned C-2 General Commercial and is in Zone X.
Key Highlights
- 16,099‑square‑foot building on 1.56 acres
- Suite A offers 10,339 contiguous square feet; the balance is occupied under lease
- 62 percent finished office space; 100 percent climate controlled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,668
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,173,360
$2.2M
Cap Rate 7%
$1,552,400
$1.6M
Cap Rate 9%
$1,207,422
$1.2M
Market Conditions
NOI Build-Up for 16,099 SF
Gross rent
$193.2K $12.00/SF
− Vacancy
−$19.3K −$1.20/SF
EGI
$173.9K $10.80/SF
− OpEx
−$65.2K −$4.05/SF
NOI
$108.7K $6.75/SF
Area
Madison County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,173,360
Cap Rate 7%
$1,552,400
Cap Rate 9%
$1,207,422
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.85M
NOI $171,225 @ 7.0% cap · market cap 10.70%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,668 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$3.50M
$3.07M – $4.09M
NOI $245,318 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A configurable office and warehouse building includes a contiguous suite with reception, meeting, and conditioned warehouse areas.
Where is this mixed-use property located?
The property is located at 854 Wilson Drive Ridgeland, MS.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16,099‑square‑foot building on 1.56 acres; Suite A offers 10,339 contiguous square feet; the balance is occupied under lease; 62 percent finished office space; 100 percent climate controlled
