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Property profile & analytics
OFF-MARKET
Office Spaces

450 Towne Center Blvd Ridgeland, MS 39157

50,466 SF 5.14 ac lot Built 1997
Property ID
Property summary
AI-generated overview

This exceptional 50,466 square foot medical office building presents a unique investment opportunity in Ridgeland, Mississippi. Located at 450 Towne Center Blvd, this two-story facility, built in 1997/1999, sits on a 5.14-acre lot and offers 50 private studio units, each approximately 1,150 square feet. The building features a second-story administrative component accessible by elevator and stairs, and boasts 94 parking spaces. The property's versatile design allows for various healthcare uses, including behavioral health, rehabilitation and addiction services, skilled nursing, or senior living. Its strategic location offers convenient access to major roadways, including Interstate 55 (approximately 100,000 vehicles per day), and is within close proximity to Jackson and Madison, MS. Nearby amenities include NorthPark Mall, Barnett Reservoir, and The Country Club of Jackson. All utilities and municipal services are readily available. The surrounding area includes multi-family residential to the north, the Ridgeland Fire Department and vacant land to the east, vacant land to the south, and single-family residential to the west. The asking price is $8,500,000, translating to $168.43 per square foot. This property is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Office Spaces
Year built 1997
Total area 50,466 SF
Lot 5.14 ac (223,898 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arden Hospice Ridgeland Home Health Care Service
  • GERRY ANN HOUSTON Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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