1025 Northpark DrRidgeland, MS 39157

Property Details for 1025 Northpark Dr

Year built

1997

Lot size

2.00 AC

Property size (Sq ft)

26,218 SF

Property type

Office properties

APN

072I-32A-009/01.02

APU

072I32A0090102

Description

This exceptional 26,622 square foot Class B office building, located at 1025 Northpark Dr in Ridgeland, Mississippi, is offered for sale at $1,899,000 ($71.33/SF). Priced below replacement cost, this owner-user opportunity is ideal for a variety of medical or traditional office uses. The property boasts a highly functional layout, including 30+ private offices, two executive suites each with private restrooms, a large lecture/work room, three conference rooms, and three break rooms, in addition to several cubicle/work areas. Its convenient location offers easy access to Lake Harbour and County Line Road, with an abundance of dining options nearby. Commuting is simplified by its proximity to Northeast Jackson, Ridgeland, Madison, and Brandon/Flowood via Spillway Road. Lease offers will also be considered. This property presents a compelling investment opportunity in a thriving Mississippi market. The building is situated in Madison County, zip code 39157.

• CAP approach

  CAP return

  Valuation

  6%

  $3,777,598

  6.5%

  $3,487,014

  7%

  $3,237,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,999,932

  Geo Method

  $5,114,083

• Alternative Use

  Use

  Valuation

  Residential

  $4,323,897

  Hospitality

  $3,960,666

  Educational

  $3,295,228

  Medical

  $3,408,556

  Retail

  $5,125,910

Location Insight

City

Ridgeland

County

Madison

State

Mississippi

Latitude

32.4108

Longitude

-90.1114

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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