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Property profile & analytics
OFF-MARKET
Office Spaces
101 1st Choice Dr Madison, MS 39110-7068
Entity Owned
7-yr Hold
Free & Clear
Property ID
US50-0197860
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Total area
8,083 SF
Zoning code
C-2
APN
082E-21 -042
UPID
US50-0197860
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
-
Printables & More (Bike/Boat/Book/etc) Store Printing Service
-
Vintage Barber Shop LLC Barber Shop
-
Spann's Barbershop Barber Shop
-
911 Restoration of Central Mississippi Hardware & Home Improvement Construction Company
-
McCaleb Insurance Agency Insurance Agency
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
First Choice Drive LLC · 7 yrs held
First Choice Drive LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Madison, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,166
Tax year 2023
Assessed value
$79,923
Assessed 2023
Previous assessed
$79,923
+0.0% YoY
Effective rate
11.47%
On assessed value
Land market value
$71,440
Improvement market value
$461,380
Total market value
$532,820
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
CENTRAL
Total area
8,083 SF
Zoning code
C-2
APN
082E-21 -042
UPID
US50-0197860
Jurisdiction
MADISON
Zoning & alternative use
C-2 · Madison, MS
Zoning C-2 · permitted uses
C-2 · Madison, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Current owner
From public records · entity-resolved
First Choice Drive LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1010, MADISON, MS 39130-1010
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
First Choice Drive LLC
Cl Land & Cattle LLC
Warranty Deed
related
—
Aug 11, 2014
—
Cl Land & Cattle LLC
Vick-mad LLC
Grant Deed
related
—
Mar 18, 2010
—
Turnhawk Properties LLC
—
Trustees Deed
related
$2,709,026 · Bank Plus INC
Feb 4, 2010
—
Turnhawk Properties LLC
—
Trustees Deed
related
$2,709,026 · Bank Plus INC
Oct 30, 2009
—
Vick-mad LLC
—
Trustees Deed
related
$38,192 · Bankfirst Financial Services
Sep 23, 2009
—
Vick-mad LLC
Turnhawk Properties LLC
Warranty Deed
$624,000 · Madison County Bank
Jun 8, 2009
—
Turnhawk Properties LLC
—
Trustees Deed
related
$2,709,026 · Bank Plus INC
Apr 8, 2005
—
Turnhawk Props LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 8, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Vick-mad LLC
—
Loan Modification
related
—
—
—
Vick-mad LLC
—
Loan Modification
related
—
—
—
Vick-mad LLC
—
Deed Of Trust
related
$624,000 · Madison County Bank
—
—
Vick-mad LLC
—
Deed Of Trust
related
$150,000 · Bankfirst Financial Services
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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