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    303 Highland Park Blvd Ridgeland, MS 39157
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    303 Highland Park Blvd, Ridgeland, MS 39157

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    • Commercial land
    For Sale
    $2,345,000
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    10.81 Acres at Highland Colony For Sale
    $2,345,000
    10.81 Acres

    10.81 Acres at Highland Colony

    Corner lot near Highland Park Cove and Wrenfield Subdivision.

    303 Highland Park Blvd, Ridgeland, MS 39157
    View Listing
    Property ID
    US50-2009110
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 303 Highland Park Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Approx 10.81 acres at corner of Highland Colony Parkway and Highland Park Blvd which leads to Highland Park Cove office park and Wrenfield Subdivision. Located across HCP from the new Southern Beverage Headquarters

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1827
    Latitude
    32.417126

    Comparable in this City

    • Contact for pricing

      Commercial Land Ready for Development

      Commercial land for development in high-growth Ridgeland submarket.
      560 Highland Colony Pkwy, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Highland Colony Business Park Lots

      Multiple commercial lots available in Highland Colony Business Park.
      220 Marketridge Dr, Ridgeland, MS 39157
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      Ridgeland Land with Interstate Visibility

      6.84 acres in Ridgeland Business Park with TIP zoning.
      6704 Cole Rd, Ridgeland, MS 39157
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    • $525,000
      4.80 Acres

      Ridgeland Commercial Land For Sale

      4.8-acre commercial site in growing Highland Colony/220 Business Park.
      Cole Rd, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Ridgeland Land Parcel For Sale

      4.4 acre commercial land parcel in Ridgeland, Mississippi.
      Sunnybrook Rd, Ridgeland, MS 39157
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    • Contact for pricing

      Corner Lot on High Traffic

      High-traffic corner lot ideal for retail, restaurant, or office.
      Lake Harbour Dr, Ridgeland, MS 39157
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Ready for Development

      Commercial land for development in high-growth Ridgeland submarket.
      560 Highland Colony Pkwy, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Highland Colony Business Park Lots

      Multiple commercial lots available in Highland Colony Business Park.
      220 Marketridge Dr, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Ridgeland Land with Interstate Visibility

      6.84 acres in Ridgeland Business Park with TIP zoning.
      6704 Cole Rd, Ridgeland, MS 39157
      View Details
    • $525,000
      4.80 Acres

      Ridgeland Commercial Land For Sale

      4.8-acre commercial site in growing Highland Colony/220 Business Park.
      Cole Rd, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Ridgeland Land Parcel For Sale

      4.4 acre commercial land parcel in Ridgeland, Mississippi.
      Sunnybrook Rd, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Corner Lot on High Traffic

      High-traffic corner lot ideal for retail, restaurant, or office.
      Lake Harbour Dr, Ridgeland, MS 39157
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Building Pre-Leasing

      Medical office building for lease in high-demand area.
      Colony Park Blvd, Ridgeland, MS 39157
      View Details
    • $1,160,000
      29,185 SF

      Prime Commercial Land Near Topgolf

      High-visibility land for lease near Topgolf in Ridgeland, MS.
      102 Topgolf Way, Ridgeland, MS 39157
      View Details
    • Contact for pricing

      Freestanding Restaurant in Prime Location

      Former Burger King with drive-thru in Ridgeland's retail corridor.
      780 Lake Harbour Dr, Ridgeland, MS 39157
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    • $20 SF/Yr

      Ridgeland Office Space For Rent

      Premier office space in Ridgeland's thriving business district.
      805 S Wheatley St, Ridgeland, MS 39157
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    • $17 SF/Yr

      Retail Space Ready for Build-Out

      Retail space available for rent, ready for tenant build-out.
      7157 Old Canton Rd, Ridgeland, MS 39157
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    • Contact for pricing
      2,312 SF

      Class A Office Space Available

      Distinctive office space in a professionally managed building.
      775 Woodlands Pkwy, Ridgeland, MS 39157
      View Details
    View Listing
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    Ridgeland, MS 39157
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    303 Highland Park Blvd, Ridgeland, MS, 39157
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