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    Property profile & analytics

    588 Hwy 51 Ridgeland, MS 39157-2524

    • Retail space
    • 3,198 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 01, 2020
    Location Intelligence
    Property ID
    US50-0758291
    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

    • Retail space

    Property Details for 588 Hwy 51

    Year built
    1974
    Lot size
    0.36 lot acres
    Property size
    3,198 SF
    Property type
    Retail space
    APN
    072D-19D-085/01
    APU
    072D19D08501

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.126
    Latitude
    32.433
    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
    $3,296
    $0.00
    $0.00
    $30,585
    -
    $31,360
    $172,540
    $203,900

    Comparable in this City

    • Value Estimation by Request
      4,083 SF

      242 Stephens St

      RETAIL STORES (PERSONAL SERVICES) • 4,083 SF
      242 Stephens St, Ridgeland, MS 39157-2346
      View Details
    • Value Estimation by Request
      148,195 SF

      910 County Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 148,195 SF
      910 County Line Rd, Ridgeland, MS 39157-1932
      View Details
    • Value Estimation by Request
      11,902 SF

      1600 County Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,902 SF
      1600 County Line Rd, Ridgeland, MS 39157-1906
      View Details
    • Value Estimation by Request
      10,439 SF

      149 Hbr Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,439 SF
      149 Hbr Dr, Ridgeland, MS 39157-1119
      View Details
    • Value Estimation by Request
      998 SF

      355 Hwy 51

      RETAIL STORES (PERSONAL SERVICES) • 998 SF
      355 Hwy 51, Ridgeland, MS 39157
      View Details
    • Value Estimation by Request
      576 SF

      385 Hwy 51

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      385 Hwy 51, Ridgeland, MS 39157-3429
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Ridgeland

      Retail space available for lease in Ridgeland, Mississippi.
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    • $1,705 /Mo
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      Retail Space in Centre Park

      Prime retail space in high-traffic Ridgeland shopping center.
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    • $2,558 /Mo
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      Ridgeland Retail Space Available

      Retail space for lease in Ridgeland, Mississippi.
      1060 E County Line Rd, Ridgeland, MS 39157
      View Details
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    588 Hwy 51
    Ridgeland, MS 39157-2524
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    Realmo Value Estimation

    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.

    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.

    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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