Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Dees Dr Madison, MS 39110

    • Retail properties & Spaces
    • 1,500 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mississippi candy co / Bakery / Specialty Food Shop
    • Time 4 Toys / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
    • Lagniappe Gifts, LLC / (Bike/Boat/Book/etc) Store
    • Stone Ground Coffee / Cafe & Coffee Shop
    • Epic Donuts / Bakery / Discount Store

    Property Details for 102 Dees Dr

    Year built
    2022
    Lot size
    2.78 lot acres
    Property size
    1,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 1,500-square-foot single-tenant property, located at 102 Dees Drive in Madison, Mississippi, presents a remarkable opportunity for businesses seeking a modern and efficient workspace. Built in 2022, this one-story building boasts a spacious layout perfectly suited for executive offices or retail operations. The property sits on a generous 2.78-acre lot, providing ample space and visibility. Conveniently situated near Gluckstadt Road, the location offers excellent accessibility and exposure. The building features 220-volt power, ensuring compatibility with a wide range of equipment. The entire 1,500 square feet is currently vacant and ready for immediate occupancy, eliminating the need for extensive renovations or build-out. This turnkey solution allows businesses to focus on their core operations from day one. The property's Parcel Number is 082h-28-002/00.00. The asking price is $27.00 per square foot, plus triple net charges. This represents a significant opportunity to establish a strong presence in a thriving Madison, MS commercial area. The property's modern design and convenient location make it an ideal choice for businesses seeking to expand or relocate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1045
    Latitude
    32.5163

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      311 Calhoun Sta Pkwy

      Restaurants • 4,000 SF
      311 Calhoun Sta Pkwy, Madison, MS 39110
      View Details
    • Value Estimation by Request
      19,400 SF

      Calhoun Sta Pkwy

      Restaurants • 19,400 SF
      0 Calhoun Sta Pkwy, Madison, MS 39110
      View Details
    • Value Estimation by Request

      272 Calhoun Sta Pkwy

      Restaurants
      272 Calhoun Sta Pkwy, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1,743 SF

      464 Church Rd

      Retail properties & Spaces • 1,743 SF
      464 Church Rd, Madison, MS 39110
      View Details
    • Value Estimation by Request

      953 Us-51

      Medical Office Space
      953 Us-51, Madison, MS 39110
      View Details
    • Value Estimation by Request
      8,072 SF

      201 Colony Way

      Retail properties & Spaces • 8,072 SF
      201 Colony Way, Madison, MS 39110
      View Details

    Similar Nearby for Sale

    • $599,800
      136,996 SF

      Madison Retail Investment Opportunity

      Prime 3.15-acre retail site near Germantown High.
      2004 Calhoun Sta Pkwy, Madison, MS 39110
      View Details
    • Contact for pricing

      Galleria Parkway Commercial Development Opportunity

      Prime commercial land in Madison, MS, ideal for development.
      382 Galleria Pkwy, Madison, MS 39110
      View Details
    • $1,395,000
      56,628 SF

      Madison Office Building Investment

      Prime Madison Office, 56,628 SF
      118 Homestead Dr, Madison, MS 39110
      View Details
    • $1,961,141
      4.86 Acres

      Madison Retail Land Opportunity

      Prime Madison, MS retail land; 4.86 acres.
      0 Ebenezer Blvd, Madison, MS 39110
      View Details
    • $3,900,000

      Two Warehouses with Office Space

      Two warehouses featuring office/showroom space and multiple overhead doors.
      142 Enterprise Dr, Gluckstadt, MS 39110
      View Details
    • Contact for pricing
      1.38 Acres

      Madison Commercial Land Opportunity

      Prime MS land, various sizes, I-55 access.
      124 One Madison Plz, Madison, MS 39110
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      41,000 SF

      Madison Retail Space Available

      Walmart-Anchored Center, High-Traffic Location
      123 Grandview Blvd, Madison, MS 39110
      View Details
    • Contact for pricing
      216,144 SF

      Grandview Retail Center

      Madison, MS Shopping Center, 2 Spaces Available
      175 Grandview Blvd, Madison, MS 39110
      View Details
    • $11,400 /Mo
      3,000 SF

      Madison Executive Office Suite

      Prime Madison location, renovated office space
      618 Magnolia St, Madison, MS 39110
      View Details
    • Contact for pricing
      40,000 SF

      Madison Executive Office Space

      Class A Office Building, Pre-Leasing
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Contact for pricing
      77,950 SF

      Madison Retail Center Opportunity

      High-traffic retail spaces available in Madison, MS
      111 Colony Crossing Way, Madison, MS 39110
      View Details
    • $24 SF/Yr
      6,880 SF

      Madison Office Space for Lease

      Prime Madison location, 3,440 sq ft available.
      962 Highway 51, Madison, MS 39110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Dees Dr
    Madison, MS 39110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!