Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    7160 Old Canton Rd Ridgeland, MS 39157

    • Land
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7160 Old Canton Rd

    Lot size
    2.02 lot acres
    Property type
    Land

    Description

    This exceptional 2.02-acre commercial land parcel presents a prime investment opportunity in Ridgeland, Mississippi. Located at 7160 Old Canton Rd, 39157, this property boasts a highly desirable C2A zoning designation, making it ideal for a variety of commercial developments, including retail, medical, or office buildings. The flat topography simplifies construction, and the location ensures high visibility and accessibility due to its frontage on both Old Canton Road and Rice Road. This specific parcel (072H-28C-120/01.04) is offered at $417,960 and has an annual property tax of $1,469.31. The property's strategic position within a high-traffic area promises strong returns on investment. While this parcel is being sold individually, it's important to note that this is one of four available tracts, two of which are divisible, offering flexibility for various development scenarios. Detailed information on the other parcels is available upon request. This is a rare opportunity to acquire a well-situated commercial property in a thriving Mississippi market. Don't miss out on this chance to build your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1065
    Latitude
    32.4206

    Comparable in this City

    • Value Estimation by Request
      3.80 Acres

      Towne Center Blvd

      Land • 3.80 Acres
      0 Towne Center Blvd, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      50,000 SF

      Colony Park Blvd

      Medical offices • 50,000 SF
      0 Colony Park Blvd, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      1.50 Acres

      771 Avery Blvd

      Land • 1.50 Acres
      771 Avery Blvd, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      6.50 Acres

      6707 Old Canton Rd

      Land • 6.50 Acres
      6707 Old Canton Rd, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      0.74 Acres

      560 Highland Colony Pkwy

      Land • 0.74 Acres
      560 Highland Colony Pkwy, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      0.64 Acres

      7148 Old Canton Rd

      Land • 0.64 Acres
      7148 Old Canton Rd, Ridgeland, MS 39157
      View Details

    Similar Nearby for Sale

    • $235,000
      3.10 Acres

      Prime Ridgeland Commercial Land

      3.1-Acre Commercial Lot, High Visibility
      409 Towne Center Blvd, Ridgeland, MS 39157
      View Details
    • $294,030
      1.50 Acres

      Ridgeland Commercial Land Investment

      1.5-Acre Development Site in MS
      771 Avery Blvd, Ridgeland, MS 39157
      View Details
    • $650,000
      2.50 Acres

      Ridgeland Industrial Land - 2.5 Acres

      Prime Ridgeland industrial land, utilities available.
      51 And Moore St, Ridgeland, MS 39157
      View Details
    • $1,698,840
      6.50 Acres

      Ridgeland Commercial Land - 6.5 Acres

      Prime Ridgeland location, exceptional development.
      6707 Old Canton Rd, Ridgeland, MS 39157
      View Details
    • Contact for pricing
      0.74 Acres

      Ridgeland Commercial Land Parcels

      Prime Ridgeland land, various sizes, I-55 access.
      560 Highland Colony Pkwy, Ridgeland, MS 39157
      View Details
    • $1,153,904
      8.83 Acres

      Ridgeland Commercial Land Opportunity

      8.83 Acres, Prime Commercial Site
      444 Northpark Dr, Ridgeland, MS 39157
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Prime Ridgeland Medical Office Space

      50,000 SF Medical Office Building, Pre-Leasing
      0 Colony Park Blvd, Ridgeland, MS 39157
      View Details
    • $1,160,000
      29,185 SF

      Prime Commercial Land Near Topgolf

      High-visibility land for lease near Topgolf in Ridgeland, MS.
      102 Topgolf Way, Ridgeland, MS 39157
      View Details
    • $71 SF/Yr
      14,542 SF

      Regus Renaissance Office Suites

      Madison County Class A Office Space
      1000 Fl, Ridgeland, MS 39157
      View Details
    • $12 SF/Yr
      9,100 SF

      Ridgeland Office Space: 6,565 SF Available

      Prime Ridgeland office space, high visibility, ample parking.
      1290 County Line Rd, Ridgeland, MS 39157
      View Details
    • $22 SF/Yr
      12,500 SF

      Executive Office Suites in Ridgeland

      Prime Office Space Available, MS
      725 Avignon Dr, Ridgeland, MS 39157
      View Details
    • $20 SF/Yr
      7,009 SF

      Woodlands Parkway Executive Suites

      Class A Office Space, 762-7009 sqft
      795 Woodlands Pkwy, Ridgeland, MS 39157
      View Details
    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.
    7160 Old Canton Rd
    Ridgeland, MS 39157
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.