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Property profile & analytics
FOR LEASE
Super regional malls

863 Centre St Ridgeland, MS 39157

26,744 SF Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US50-0581387
Property summary
AI-generated overview

This exceptional 1,295 square foot office space is situated within the Centre Park North building, a single-story, Class B property located at 863 Centre Street in Ridgeland, Mississippi. Built in 1990, this multi-tenant building offers a total of 27,000 square feet and sits on a generous 2.66-acre lot. The available suite is immediately ready for occupancy and represents the entire vacant space within the building. The property is conveniently located in Madison County, zip code 39157, and benefits from ample parking. The building's diverse tenant mix includes a Goodwill Store, providing excellent visibility and foot traffic. This property is ideal for businesses seeking a well-maintained, easily accessible office space in a thriving commercial area. The property type is classified as both Office and Retail, making it suitable for a variety of uses. The suite is part of a larger building with a single suite currently available. This presents a unique opportunity to establish a presence in a well-established commercial center. The property offers a blend of executive and traditional office space, catering to diverse business needs. The address is easily accessible and offers convenient parking for tenants and clients.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1990
Total area 26,744 SF
APN 072I-31C-011/01.01
UPID US50-0581387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chanail Beauty Lounge Hair Salon Nail Salon
  • Elite Barber & Beauty Salon Barber Shop
  • Chanail Beauty Bar Nail Salon
  • Goodwill Outlet Discount Store
  • Le Chic Hair Gallery Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Faries Salem Properties LLC · 6 yrs held
Faries Salem Properties LLC
since 2020
5 recorded transactions
2020
Price N/A
2019
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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