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Property profile & analytics
OFF-MARKET
Warehouses
109 State St Ridgeland, MS 39157-4504
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US50-0537072
Property summary
AI-generated overview
This 8,288-square-foot freestanding industrial flex space in Ridgeland, Mississippi, presents a fantastic opportunity. Located at 109 E State St, 39157, this single-tenant building boasts a prime location just off Highway 51 and I-55, offering excellent accessibility. Built in 1970 and extensively renovated in 2023, the property features a new roof with a warranty and is 100% climate-controlled with updated HVAC. The exterior has been freshly repainted. The building includes two loading docks with two dock-high doors and one drive-in door, providing versatile loading options. Three-phase power is available. The property sits on a 0.67-acre lot and offers a substantial yard area in the rear. Zoned for industrial use, this Class B building is ideal for a variety of businesses. Available August 1, 2025.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
8,211 SF
APN
072I-31B-004
UPID
US50-0537072
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
-
Alliance Business Services Advertising Agency Marketing & Advertising
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
Brandon Brown Properties LLC · 2 yrs held
Brandon Brown Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
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 Ridgeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgeland 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
$3,607
Tax year 2023
Assessed value
$33,471
Assessed 2023
Previous assessed
$33,471
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$77,000
Improvement market value
$146,140
Total market value
$223,140
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
ELECTRIC
Total area
8,211 SF
APN
072I-31B-004
UPID
US50-0537072
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
ELECTRIC
Current owner
From public records · entity-resolved
Brandon Brown Properties LLC
Entity
Mailing address
1991 LAKELAND DR STE J, JACKSON, MS 39216-5000
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
—
Brandon Brown Properties LLC
Vp Exchange LLC
Warranty Deed
$660,328 · Guaranty Bank & Trust Co
Jul 20, 2023
—
Vp Exchange LLC
—
Deed
related
$384,000 · Priorityone Bank
Feb 15, 2023
—
Vp Exchange LLC
Plutus LLC
Warranty Deed
$384,000 · Priorityone Bank
Jan 27, 2014
—
Plutus LLC
Macrae Properties LP
Warranty Deed
$245,000 · Community Bk/ms
Jan 9, 2008
—
Properties Macrae
Owner,record
Grant Deed
—
—
—
Plutus LLC
—
Deed Of Trust
related
$425,000 · Community Bk/ms
—
—
Properties LP Macrae
—
Deed Of Trust
related
$150,000 · First Commercial Bank
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.
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