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    655 Lake Harbour Dr, Unit 400 Ridgeland, MS 39157
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    Property profile & analytics

    655 Lake Harbour Dr, Unit 400, Ridgeland, MS 39157

    View on Map
    • Super regional malls
    • 16,355 SF
    • 1.50 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Charmant Station Retail Leasing Opportunity For Lease
    $16 SF/Yr

    Charmant Station Retail Leasing Opportunity

    Centrally located shopping center with diverse customer base and high visibility.

    655 Lake Harbour Dr, Ridgeland, MS 39157
    View Listing
    Property ID
    US50-0009341
    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

    • Louis & Annie Salon / Hair Salon / Nail Salon
    • Advanced Microsystems / Computer & Electronic Repair
    • Charmant Station / Shopping Center & Mall
    • Men's PRIME Health / Medical Clinic
    • The Mosquito Eradicator / Garden Center

    Property Details for 655 Lake Harbour Dr

    Year built
    2007
    Lot size
    1.50 lot acres
    Property size
    16,355 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    072I-32B-014
    APU
    072I32B014

    Description

    This 16,200 square foot shopping center in Ridgeland, MS, offers a prime retail leasing opportunity. Located at 655 Lake Harbour Dr, 39157, this single-story, 2007-built center sits on a 1.5-acre lot and features 93 parking spaces. The C2A zoned property boasts excellent visibility and accessibility, situated at a signalized intersection on Lake Harbour Drive, a key connector between Rankin County and Highland Colony Parkway. The center benefits from proximity to major highways (51, I-55, and the Natchez Trace Parkway). Currently, 1,730 square feet of contiguous space is available, ideal for a variety of retail uses. The existing tenant mix includes national, regional, and local businesses, creating a robust and diverse customer base. The property's location between popular restaurants, Newk's and Primos Cafe, further enhances its appeal and potential for high foot traffic. This exceptionally designed center provides ample parking and easy access, making it an attractive option for businesses seeking high visibility and convenient access for their customers. The maximum contiguous space available is 1,730 square feet.

    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
    -90.1156
    Latitude
    32.4136
    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
    $25,304
    $0.00
    $0.00
    $234,815
    -
    $392,040
    $1,173,390
    $1,565,430

    Comparable in this City

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    • Value Estimation by Request
      6,600 SF

      310 Hwy 51

      REGIONAL SHOPPING CENTER, MALL • 6,600 SF
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    • Value Estimation by Request
      6,510 SF

      607 Hwy 51

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      607 Hwy 51, Ridgeland, MS 39157-2147
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      7,564 SF

      608 Hwy 51

      REGIONAL SHOPPING CENTER, MALL • 7,564 SF
      608 Hwy 51, Ridgeland, MS 39157-2608
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    • Value Estimation by Request
      82,124 SF

      6520 Old Canton Rd

      REGIONAL SHOPPING CENTER, MALL • 82,124 SF
      6520 Old Canton Rd, Ridgeland, MS 39157-1313
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    • Value Estimation by Request
      25,204 SF

      772 Lk Harbour Dr

      REGIONAL SHOPPING CENTER, MALL • 25,204 SF
      772 Lk Harbour Dr, Ridgeland, MS 39157-4365
      View Details

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    Similar Nearby for Lease

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      Mixed-Use Center in Ridgeland, MS

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    • $16 SF/Yr

      Charmant Station Retail Leasing Opportunity

      Centrally located shopping center with diverse customer base and high visibility.
      655 Lake Harbour Dr, Ridgeland, MS 39157
      View Details
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      Ridgeland Retail/Office Space Available

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      Ridgeland Mixed-Use Retail/Office Space

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      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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    655 Lake Harbour Dr, Ridgeland, MS, 39157
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