805 Wheatley StRidgeland, MS 39157

Property Details for 805 Wheatley St

Year built

1986

Property size (Sq ft)

67,252 SF

Property type

Office properties

APN

072I-31C-013/02

APU

072I31C01302

Description

This Class A, six-story office building, located at 805 S Wheatley Street in Ridgeland, Mississippi, offers 69,681 square feet of executive office space. Built in 1986 and renovated in 2020, the property features 18 suites, ranging from a minimum of 917 square feet to a maximum contiguous space of 4,497 square feet. The building sits on a 3.05-acre lot and boasts a newly remodeled lobby with prominent signage. Ample parking is available with 229 spaces. Two passenger elevators serve the building's six floors. Conveniently located off County Line Road across from Northpark Mall, this property provides easy access to numerous amenities. Utilities include electricity. The building is zoned commercial and has an APN of 072I-31C-013-02-00. This exceptional property is situated in the Jackson submarket, specifically the Madison/Ridgeland submarket cluster, and offers a prime location for businesses seeking high-quality office space in a vibrant area. The property is in the 39157 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $9,689,947

  6.5%

  $8,944,567

  7%

  $8,305,669

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,130,042

  Geo Method

  $13,118,175

• Alternative Use

  Use

  Valuation

  Residential

  $11,091,263

  Hospitality

  $10,159,537

  Educational

  $8,452,616

  Medical

  $8,743,314

  Retail

  $13,148,513

Location Insight

City

Ridgeland

County

Madison

State

Mississippi

Latitude

32.403

Longitude

-90.1328

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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