Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 N Allerton Drive Ridgeland, MS

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Approximately 3 acres of commercial land in Ridgeland, Mississippi.

    Type:LAND
    Lot size:
    3.00 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 11:07 pm

    Property Features for 0 N Allerton Drive

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tommy Payne, CCIM

    Listing agent Tommy Payne, CCIM

    Listing office Payne Realty

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Payne Realty

    Overview

    Ridgeland Commercial Land For Sale

    Available for sale is an approximately 3-acre property located on N. Allerton Blvd in Ridgeland, Mississippi. Situated on the north side of N. Allerton Blvd and east of Old Canton Rd, the property lies just south of the Old Canton Road / Lake Harbor intersection. The area is experiencing new development, and the property is adjacent to new upcoming developments. Zoned C-1, the land allows for low-density commercial developments and has the potential for 75% office / 25% warehouse developments, as well as small residential development. Commercial development is ongoing along Lake Harbor, and new residential development is in progress just across Old Canton Road from this property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1323
    Latitude
    32.4285

    Nearby Similar for Sale

    • $1,100,000
      10,521 SF

      Modernized Office/Warehouse Facility For Sale

      Turnkey Ridgeland property with high-quality office and warehouse capabilities.
      206 Park Court, Ridgeland, MS 39157
      View Details
    • $2,500,000
      10,125 SF

      Ridgeland Commercial Building and Business

      High-visibility commercial building with established business in thriving Ridgeland.
      812 Lake Harbour Drive, Ridgeland, MS 39157
      View Details
    • $1,899,000
      26,622 SF

      Ridgeland Office Building For Sale

      Well-located, one-story office building in Ridgeland's Northpark corridor.
      1025 Northpark Drive, Ridgeland, MS 39157
      View Details
    • $525,000

      Ridgeland Commercial Land For Sale

      4.8-acre commercial site in growing Highland Colony/220 Business Park.
      Cole Road, Ridgeland, MS 39157
      View Details
    • $1,200,000
      4,812 SF

      Ridgeland Office Building For Sale

      Well-maintained office building in desirable commercial corridor.
      302 Highland Park Cove, Ridgeland, MS 39157
      View Details
    • $3,975,000
      108,029 SF

      Ridgeland Commercial Investment Opportunity

      Office, retail, and warehouse spaces producing $30k monthly income.
      608 Highway 51, Ridgeland, MS 39157
      View Details
    • $850,000
      7,924 SF

      Ridgeland Office Building Investment

      7,192 SF office building with 10 units in Ridgeland.
      751 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $1,596,910
      245,678 SF

      Prime Commercial Land Opportunity

      5.64 acres in Ridgeland's thriving business district.
      293 Marketridge Drive, Ridgeland, MS 39157
      View Details
    • $650,000

      Ridgeland Land For Sale

      5.95 acre commercial land parcel in Ridgeland, Mississippi.
      Conestoga Road, Ridgeland, MS 39157
      View Details
    • $535,000
      5,051 SF

      Ridgeland Office Building Investment

      5,051 SF office building in a strategic Ridgeland location.
      595 Northpark Dr, Ridgeland, MS 39157
      View Details
    • $615,000
      5,068 SF

      Ridgeland Office Building Investment

      Four-unit office building in Ridgeland, Mississippi, with 100% occupancy.
      740 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $499,000
      10,628 SF

      Versatile Commercial Space in Ridgeland

      Efficient property with retail and climate-controlled warehouse space.
      301 Orchard Ct, Ridgeland, MS 39157
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 3 acres of commercial land in Ridgeland, Mississippi.
    Where is this land located?
    The property is located at 0 N Allerton Drive Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Located in an area experiencing new commercial and residential development.; Zoned C‑1, allowing for low‑density commercial, office/warehouse, and small residential developments.; Located on N. Allerton Blvd, east of Old Canton Rd, and south of the Old Canton Road/Lake Harbor intersection.
    (601) 956-2020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tommy Payne, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!