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    1060 E County Line Rd Ridgeland, MS 39157

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    Premier commercial corridor location with flexible configurations for various businesses.

    Type:Retail
    Property size:
    5,668 SF
    Added:
    Mar 18, 2021
    Days on Market:
    1864
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 1060 E County Line Rd

    General Information

    Standard status
    Active
    Size
    5,668 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 1060 E County Line Rd Contact us

    Suite 1a $16 /Mo

    Size
    2,000 SF
    Type
    Retail
    Located in the heart of Mississippi's busiest retail corridor, Centre Park offers...
    show more
    Contact us

    Suite 21 $12 /Mo

    Size
    5,668 SF
    Type
    Retail
    Located in the heart of Mississippi's busiest retail corridor, Centre Park offers...
    show more
    Contact us

    Suite 3B $18 /Mo

    Size
    1,572 SF
    Type
    Retail
    Contact us

    Suite 10 $12 /Mo

    Size
    1,800 SF
    Type
    Retail
    Located in the heart of Mississippi's busiest retail corridor, Centre Park offers...
    show more
    Contact us

    Suite 2B $10 /Mo

    Size
    1,450 SF
    Type
    Retail
    Located in the heart of Mississippi's busiest retail corridor, Centre Park offers...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Scott Overby, CCIM

    Listing agent Scott Overby, CCIM License #MS B16124

    Listing office OVERBY

    Listing date Mar 18, 2021

    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 OVERBY

    Overview

    High-Visibility Retail and Office Spaces

    Centre Park is located on E. County Line Road, a prominent commercial corridor in the Jackson metro area. The location offers high visibility and traffic counts of approximately 29,000 vehicles per day, with accessibility for retailers and office users. The center has a tenant mix that includes UPS, World Finance, Miracle Ear, and the U.S. Army Recruiting Office. The property is surrounded by national retailers, restaurants, and service providers along County Line Road, within a high-performing retail area. Recent improvements include facade renovations, architectural elements, updated interiors with new paint and flooring, improved lighting, and upgraded signage. Tenants have access to building-mounted signage and a monument sign along County Line Road. Access is facilitated by multiple entry and exit points and proximity to a signalized intersection. Surface parking is available. Current availability ranges from 1,450 to 5,668 square feet, including the former Burgers & Blues restaurant space. The configurations are suitable for retail, restaurant, medical, service-based, or professional office uses. Centre Park is located in Ridgeland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    160 Driving Academy ... Vocational School World Finance Loan Service Northstar Healthcare Ridgeland ... Pediatrician Deep South Scuba (Bike/Boat/Book/etc) Store Heavy is the crown Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ridgewood Court — 6380 Ridgewood Ct Dr, Jackson, MS 39211
    • North Regency Square — 900 E County Line Rd, Ridgeland, MS 39157
    • County Line Plaza — 1053 E County Line Rd, Jackson, MS 39211
    • The Junction — 6325-6333 Interstate 55 North Frontage Rd, Jackson, MS 39213
    • MDHS Its In Shopping Center Behind Raising Canes And Beside Lowes — 950 E County Line Rd, Ridgeland, MS 39157

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.139274
    Latitude
    32.399533

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      View Details

    FAQs

    What type of property is this?
    Shopping center - Premier commercial corridor location with flexible configurations for various businesses.
    Where is this shopping center located?
    The property is located at 1060 E County Line Rd Ridgeland, MS.
    What are key features of this property?
    This property features: High‑visibility location on E. County Line Road with high traffic counts (approx. 29,000 VPD).; Strong tenant mix including UPS, World Finance, Miracle Ear, and the U.S. Army Recruiting Office.; Recent full façade renovations, refreshed architectural elements, and updated interiors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Overby, CCIM
    Real Estate License ID: MS B16124
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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