Property profile

407 Orch Park Ridgeland, MS 39157

OFF-MARKET
Office Spaces
Property ID
US50-0762686
2,159 SF 0.16 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A mixed-use property, located at 407 Orchard Park in Ridgeland, Mississippi, presents a unique investment opportunity. The 2,320 square foot building sits on a 0.25-acre lot and features four units, meticulously renovated in 2021. The building boasts a new roof and gutters (installed two years ago), fresh paint, and new flooring throughout. The layout includes five units downstairs and four upstairs, accessible via two separate staircases. Ample parking is available with ten spaces. The permitted zoning is B, making it suitable for a variety of office uses, including medical, legal, accounting, real estate, or corporate offices. The asking price is $395,000, translating to $170.26 per square foot. This turnkey property is ready for immediate occupancy, offering a blend of modern amenities and a desirable location in Madison County, Mississippi (zip code 39157). The property's APN is 0721-32C-003/15.00. This is an ideal opportunity for an owner-occupier or investor seeking a high-quality, well-maintained commercial property in a thriving Mississippi market. The two-story building offers a versatile space perfect for a variety of professional uses.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Total area 2,159 SF
Lot 0.16 ac (6,970 SF)
APN 072I-32C-003/15
UPID US50-0762686

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineer
  • Hair Salon
  • Social Service Agency Charitable Organization
  • Nursing Home Retirement Community
  • Hair Salon

Location

407 Orch Park Ridgeland, MS 39157-5134
Ridgeland metro Census 30111 JACKSON, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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