Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    331 Sunnybrook Rd Ridgeland, MS 39157-1802

    • Individual retail properties
    • 23,234 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0351956
    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.

    Current Use by Public Records

    • Holmes Community College Wellness & Fitness Center / Gym & Fitness Center
    • Melissa A. McNaull, MD / Pediatrician / Children's Hospital
    • Rachel Dear / Physician
    • Center for Integrative Health - UMMC / Physician / Medical Clinic
    • Crystal S. Lim, Ph.D. / Medical Clinic / Physician

    Property Details for 331 Sunnybrook Rd

    Year built
    2006
    Lot size
    1.83 lot acres
    Property size
    23,234 SF
    Property type
    Individual retail properties
    APN
    071F-24A-004/02
    APU
    071F24A00402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1429
    Latitude
    32.4373
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $428,828
    -
    $313,630
    $2,545,222
    $2,858,852

    Comparable in this City

    • Value Estimation by Request
      4,010 SF

      150 Sunnycrest Dr

      GYM, HEALTH SPA • 4,010 SF
      150 Sunnycrest Dr, Ridgeland, MS 39157-2566
      View Details
    • Value Estimation by Request
      18,224 SF

      511 Lk Harbour Dr

      GYM, HEALTH SPA • 18,224 SF
      511 Lk Harbour Dr, Ridgeland, MS 39157-4208
      View Details
    • Value Estimation by Request
      8,958 SF

      Ridgeland, MS 39157

      GYM, HEALTH SPA • 8,958 SF
      Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      15,890 SF

      850 Pear Orch Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,890 SF
      850 Pear Orch Rd, Ridgeland, MS 39157-5104
      View Details
    • Value Estimation by Request
      15,480 SF

      820 Wilson Dr

      RETAIL STORES (PERSONAL SERVICES) • 15,480 SF
      820 Wilson Dr, Ridgeland, MS 39157-4506
      View Details
    • Value Estimation by Request
      16,620 SF

      Ridgeland, MS 39157

      FINANCIAL BUILDING • 16,620 SF
      Ridgeland, MS 39157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,297 SF

      Ridgeland Retail/Office Building For Sale

      Prominent brick building with retail, office, and warehouse space.
      127 Dyess Rd, Ridgeland, MS 39157
      View Details
    • $3,975,000
      108,029 SF

      Ridgeland Commercial Investment Opportunity

      Office, retail, and warehouse spaces producing $30k monthly income.
      608 Highway 51, Ridgeland, MS 39157
      View Details
    • $2,500,000
      1.63 Acres

      Ridgeland Retail Investment Opportunity

      High-traffic location, adaptable space.
      1600 County Line Rd, Ridgeland, MS 39157
      View Details
    • $4,375,000
      15,401 SF

      MS Retail Portfolio: 17-Tenant Investment

      High-Yield Retail Portfolio in MS
      201 Ring Rd, Ridgeland, MS 39157
      View Details
    • $2,500,000
      10,125 SF

      Ridgeland Commercial Building and Business

      High-visibility commercial building with established business in thriving Ridgeland.
      812 Lake Harbour Dr, Ridgeland, MS 39157
      View Details
    • $800,000
      8,000 SF

      Ridgeland Retail Center - High Growth Potential

      Multi-tenant retail building, prime location, high ROI.
      898 Centre St, Ridgeland, MS 39157
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,697 SF

      Mixed-Use Development Retail Space

      Retail space available in a premier mixed-use development.
      141 Township Ave, Ridgeland, MS 39157
      View Details
    • $3,508 /Mo
      2,000 SF

      Ridgeland Retail/Office Space Available

      Retail and office spaces with easy access on busy corridor.
      1060 E County Line Rd, Ridgeland, MS 39157
      View Details
    • $2,178 /Mo
      1,188 SF

      Prime Mixed-Use Commercial Development

      Well-located mixed-use property with high visibility and flexible floor plans.
      101 W Washington St, Ridgeland, MS 39157
      View Details
    • Contact for pricing
      20,800 SF

      New Class A Office Space

      20,800 SF office, medical, and retail space for lease.
      243 Sunnybrook Rd, Ridgeland, MS 39157
      View Details
    • $3,020 /Mo
      1,572 SF

      Prime Retail Space Available

      High-visibility retail space in a busy Ridgeland corridor.
      1060 E County Line Rd, Ridgeland, MS 39157
      View Details
    • $3,600 /Mo
      3,600 SF

      Retail Space in Ridgeland

      Retail space available for lease in Ridgeland, Mississippi.
      6800 Old Canton Rd, Ridgeland, MS 39157
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Sunnybrook Rd
    Ridgeland, MS 39157-1802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!