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    580 Springridge Rd Clinton, MS 39056-5671
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    Property profile & analytics

    580 Springridge Rd Clinton, MS 39056-5671

    View on Map
    • Office buildings
    • 3,480 SF
    Off-Market
    Property ID
    US50-0177961
    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

    • Engineered Lumber Partners / Big Box & Wholesale Store / Building Supply
    • Whalen Firm / Law Firm
    • Key House Properties / Real Estate Agency
    • Bliss Day Spa & Studios / Spa & Massage Center
    • Dr. Nona Owens / Physician / Medical Clinic

    Property Details for 580 Springridge Rd

    Year built
    1981
    Construction
    WOOD
    Property size
    3,480 SF
    Property type
    Office buildings
    APN
    2862 0164 001
    APU
    28620164001

    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
    Clinton
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.3264
    Latitude
    32.3201
    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
    $3,393
    $10,838
    $11,483
    $22,321
    -
    $72,250
    $76,550
    $148,800

    Comparable in this City

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      16,117 SF

      905 Frontage Rd

      OFFICE BUILDING • 16,117 SF
      905 Frontage Rd, Clinton, MS 39056
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      $785,000
      9,134 SF

      1708 Clinton Raymond Rd

      OFFICE BUILDING • 9,134 SF
      1708 Clinton Raymond Rd, Clinton, MS 39056
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      1,871 SF

      451 Northside Dr

      OFFICE BUILDING • 1,871 SF
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    • Value Estimation
      $690,000
      4,927 SF

      380 Ad E Hwy 80

      OFFICE BUILDING • 4,927 SF
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    • Value Estimation by Request
      3,776 SF

      1054 Biedenharn Cv

      OFFICE BUILDING • 3,776 SF
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    Similar Nearby for Sale

    • Contact for pricing
      3,648 SF

      Multi-Purpose Office Building with Shop

      Office building with shop in South Clinton, zoned C-2.
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    • $349,000
      Pending

      Clinton Office Building with Shop

      Multi-purpose office building with shop in Clinton, Mississippi.
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      Versatile Commercial Property in Clinton

      High-visibility property ideal for automotive, retail, or office use.
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      Office/Warehouse Building in Clinton, MS

      Office/warehouse building with chain link fencing and recent upgrades.
      8071 N Mcraven Rd, Clinton, MS 39056
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    • $415,000
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      Versatile Commercial Property in Clinton

      High-visibility commercial property ideal for various business ventures.
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    • $1,300,000
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      Prime Commercial Corner in Clinton

      Highly visible 2.5-acre commercial property at a key Clinton intersection.
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    Similar Nearby for Lease

    • $2,000 /Mo

      Renovated Office Space in Clinton

      Newly renovated office space with modern design and flexible floorplan.
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    • $1,875 /Mo
      1,600 SF

      Office and Warehouse Space Available

      Commercial space for rent in Clinton, MS near manufacturing plant.
      905 W Northside Dr, Clinton, MS 39056
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    • $3 SF/Yr
      80,000 SF

      Clinton Industrial Park: 80,000 SF Warehouse

      Multiple suites, flexible space, ideal location.
      1014 Industrial Park Dr, Clinton, MS 39056
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    • $1,875 /Mo

      Clinton Flex Space Available

      Flex space available for rent in Clinton, Mississippi.
      905 W Northside Dr, Clinton, MS 39056
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    • Contact for pricing

      Clinton Industrial Park Warehouse Space

      Industrial warehouse space for lease in Clinton, Mississippi.
      1021 Clinton Industrial Park Rd, Clinton, MS 39056
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    • Contact for pricing

      Industrial Warehouse in Clinton Park

      80,000 SF industrial asset with I-20 access.
      1014 Industrial Park Dr, Clinton, MS 39056
      View Details
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    Clinton, MS 39056-5671
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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.

    More about this property
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