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Property profile & analytics
FOR LEASE
Warehouses

209 W Ridgeland Ave Ridgeland Ridgeland, MS 39157

5,303 SF 0.29 ac lot Built 1980
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US50-0649492
Property summary
AI-generated overview

This 7,000-square-foot warehouse, located at 209 W Ridgeland Avenue in Ridgeland, Mississippi, presents a significant opportunity for businesses seeking a strategically located industrial space. The property sits on a 0.29-acre lot and is zoned I-1, offering flexibility for various industrial uses. The single-tenant building features three convenient drive-in doors, ensuring efficient loading and unloading operations. Its prime location along W Ridgeland Avenue provides excellent visibility and easy access to Highway 51, enhancing logistical capabilities. The warehouse boasts a completely renovated office area, reflecting a commitment to modern functionality. Further enhancing safety and compliance, a new sprinkler system has been recently installed. This property is ideal for businesses requiring a well-maintained, readily accessible warehouse in the thriving Ridgeland submarket of Madison County, Mississippi (zip code 39157). The building is currently vacant, offering immediate occupancy for the right tenant. The property's location offers significant advantages for businesses seeking a strong presence in this dynamic area of Mississippi.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Total area 5,303 SF
Lot 0.29 ac (12,632 SF)
APN 072D-19D-130
UPID US50-0649492
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
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
Howard L Ellis · 5 yrs held
Howard L Ellis
since 2021
2 recorded transactions
2021
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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