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Property profile & analytics
FOR SALE
Office buildings

267 S Perkins St Ridgeland, MS 39157

Property ID
US50-Q026231
Property summary
AI-generated overview

Located in the Ridgeland, MS industrial park - Payne Realty if offering for sale these two office / warehouse properties. These two buildings are on the same parcel of land and consist of +/- 6,426 square feet (3,540 heated and cooled and 2,886 of non-climate controlled partially finished warehouse) and +/- 11,526 square feet of high-end office finish with studio space. Both are occupied to a credit tenant who has occupied the same building for close to 20 years. The properties have 6 + years remaining on a 10-year lease that was executed in 2020. This would be a great place for a client coming out of a 1031 exchange or looking for a potential value add opportunity in a stable area of Madison County. Please call our office for more information on this property. Located just off of Highway 51 and just south of W. Jackson Street. Great access to Interstate 55. 6 + years remaining on a 10 year lease Potential value add opportunity Easy access to Hwy 51 and I-55

Property profile
Verified
Property type Office buildings
UPID US50-Q026231
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
  • Certifiable Studios Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
More about this property
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