Back to Search
Property profile & analytics
FOR LEASE
Flex space
216 Industrial Dr Ridgeland, MS 39157
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US50-0732626
For Lease
1 / 77
Contact for pricing
216 Industrial Dr, Ridgeland, MS 39157
View Listing →
Property summary
AI-generated overview
This single-tenant industrial property, located at 216 Industrial Dr, Ridgeland, MS 39157, offers 20,167 square feet of versatile space ideal for warehouse, flex, or distribution operations. Built in 1972, the building features an 18-foot ceiling height, enhancing storage and operational efficiency. Access is provided via one dock-high door and one drive-in door, ensuring convenient loading and unloading. The property also benefits from 3-phase power. Situated on a 0.98-acre lot, this property is zoned I-1, allowing for a variety of warehouse uses. The building includes approximately 2,000 square feet of finished office space. Its prime location in the Ridgeland submarket offers a desirable address with low traffic counts within a light industrial park, making it an excellent choice for distribution businesses seeking a strategic location with easy access. The property is currently fully vacant.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1972
Total area
20,344 SF
Lot
1.02 ac (44,431 SF)
APN
071G-25A-020
UPID
US50-0732626
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
-
1-800-Packouts of Central Mississippi Hardware & Home Improvement Construction 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
Ridgeland Industrial Development Ll · 1 yrs held
Ridgeland Industrial Development Ll
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ridgeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,398
Tax year 2023
Assessed value
$50,095
Assessed 2023
Previous assessed
$50,095
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$97,750
Improvement market value
$236,210
Total market value
$333,960
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1972
Heating
YES
Total area
20,344 SF
Lot
1.02 ac (44,431 SF)
APN
071G-25A-020
UPID
US50-0732626
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
YES
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ridgeland Industrial Development Ll
Entity
Mailing address
290 COMMERCE PARK DR E STE E, RIDGELAND, MS 39157-2241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Ridgeland Industrial Development Ll
290 INC
Special Warranty Deed
$1,031,040 · Guaranty Bank & Trust Co
Dec 6, 2022
—
290 INC
—
Deed
related
$250,000 · Mortgage Funding Corporation Profit Shar
Jul 7, 2020
—
290 INC
—
Deed Of Trust
related
$70,000 · Mortgage Fndg Corp Psp & Tr
Aug 1, 2017
—
290 INC
—
Deed
related
$500,000 · Mortgage Fndg Corp Psp & Tr
Jun 24, 2016
—
290 INC
Rainbow Of Ridgeland Props LLC
Warranty Deed
$490,000 · Rainbow/ridgeland Props LLC
Dec 15, 2006
—
Rainbow Ll
Owner,record
Grant Deed
related
—
Jan 6, 2005
—
John C Tracy
Owner,record
Grant Deed
related
—
Dec 21, 2004
—
John C Tracy
Owner,record
Grant Deed
related
—
—
—
290 INC
—
Deed Of Trust
related
$500,000 · Mortgage Fndg Corp Psp & Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
