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Property profile & analytics
FOR SALE
Office Spaces

1025 Northpark Dr Ridgeland, MS 39157

26,218 SF 2 ac lot Built 1997
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US50-0319482
Property summary
AI-generated overview

This exceptional 26,622 square foot Class B office building, located at 1025 Northpark Dr in Ridgeland, Mississippi, is offered for sale at $1,899,000 ($71.33/SF). Priced below replacement cost, this owner-user opportunity is ideal for a variety of medical or traditional office uses. The property boasts a highly functional layout, including 30+ private offices, two executive suites each with private restrooms, a large lecture/work room, three conference rooms, and three break rooms, in addition to several cubicle/work areas. Its convenient location offers easy access to Lake Harbour and County Line Road, with an abundance of dining options nearby. Commuting is simplified by its proximity to Northeast Jackson, Ridgeland, Madison, and Brandon/Flowood via Spillway Road. Lease offers will also be considered. This property presents a compelling investment opportunity in a thriving Mississippi market. The building is situated in Madison County, zip code 39157.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Total area 26,218 SF
Lot 2 ac (87,120 SF)
APN 072I-32A-009/01.02
UPID US50-0319482
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
  • Public Safety Planning Division Department Of Public Safety
  • Thomas Randall L PhD Physician Medical Clinic
  • First Fidelity of Central Ms Financial Advisor
  • Irvine Access Floors Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Loam LLC · 8 yrs held
Loam LLC
since 2018
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2011
Price N/A
2010
$630,000
2005
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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