625 Highland Colony PkwyRidgeland, MS 39157

  • Office properties
  • 42,814 SF
For Lease
$21.95/SF/YR View listing

Property Details for 625 Highland Colony Pkwy

Year built
2005
Lot size
2.41 AC
Property size (Sq ft)
42,814 SF
Property type
Office properties
Property subtype
Other office properties
APN
071G-25C-006/01.01
APU
071G25C0060101

Description

This exceptional Class B office building, the 625 Parkway Building, offers a variety of executive office suites in Ridgeland, Mississippi. Located at 625 Highland Colony Parkway, zip code 39157, this property boasts excellent visibility and convenient access to I-55. Built in 2004, the building comprises a total of 44,848 square feet, with a range of spaces available to suit various business needs. Currently, there are 21,312 square feet of vacant space. The minimum divisible space is 776 square feet, while the maximum contiguous space available is 5,947 square feet. This presents a unique opportunity for businesses seeking flexible and upscale office accommodations. The building's multiple tenancy structure allows for a diverse range of occupants. The property's location on Highland Colony Parkway ensures high visibility and easy accessibility for clients and employees. This is an ideal location for businesses seeking a prestigious address in a thriving commercial area. Inquire today to explore the available spaces and secure your ideal office suite within this well-maintained and conveniently located building.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,168,819
    6.5%
    $5,694,294
    7%
    $5,287,559
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,265,890
    Geo Method
    $8,351,299
  • Alternative Use

    Use
    Valuation
    Residential
    $7,060,925
    Hospitality
    $6,467,769
    Educational
    $5,381,108
    Medical
    $5,566,172
    Retail
    $8,370,612
625 Highland Colony Pkwy, Ridgeland, Mississippi

Location Insight

City
Ridgeland
County
Madison
State
Mississippi
Latitude
32.4191
Longitude
-90.1555
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
$52,565
-
-
$487,793
-
$419,920
$2,832,030
$3,251,950

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