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Property profile & analytics
OFF-MARKET
Warehouses
120 Grandview Blvd, Madison, MS 39110-5532
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US50-0289575
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
21,604 SF
Lot
4.13 ac (179,903 SF)
APN
072C-07A-003/06
UPID
US50-0289575
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
-
Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Office Depot Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
-
Office Depot (Bike/Boat/Book/etc) Store
-
Coinhub Bitcoin ATM Teller Atm
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
Elkhorn Grandview LLC · 3 yrs held
Elkhorn Grandview 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 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
$60,017
Tax year 2023
Assessed value
$446,591
Assessed 2023
Previous assessed
$446,591
+0.0% YoY
Effective rate
13.44%
On assessed value
Land market value
$1,799,020
Improvement market value
$1,178,250
Total market value
$2,977,270
Applied tax rate
1.0000
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
2008
Heating
NONE
Cooling
CENTRAL
Total area
21,604 SF
Lot
4.13 ac (179,903 SF)
APN
072C-07A-003/06
UPID
US50-0289575
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
2008
Heating
NONE
Cooling
Yes
Lot
4.13 ac
Current owner
From public records · entity-resolved
Elkhorn Grandview LLC
Entity
Mailing address
308 E PEARL ST STE #200, JACKSON, MS 39201-3420
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Elkhorn Grandview LLC
Smeagle LLC
Special Warranty Deed
$2,065,000 · The Citizens National Bank Of Merid
Aug 15, 2022
—
Smeagle LLC
—
Deed
related
$258,865 · Trustmark National Bank
Jul 6, 2020
—
Smeagle LLC
—
Deed
related
$1,715,107 · Trustmark Nat'l Bk
Jan 30, 2012
—
Smeagle LLC
Adc Madison Partners Ltd
Grant Deed
$2,000,200 · Trustmark Nat'l Bk
May 3, 2011
—
Adc Madison Partners Ltd
—
Deed Of Trust
related
$5,650,000 · Whitney National Bank
Oct 7, 2009
—
Adc Madison Partners Ltd
—
Trustees Deed
related
$2,512,531 · Whitney National Bank
Jul 3, 2009
—
Adc Madison Partners Ltd
—
Trustees Deed
related
$2,512,531 · Whitney National Bank
Apr 16, 2009
—
Adc Madison Partners Ltd
—
Trustees Deed
related
$2,512,531 · Whitney National Bank
—
—
Smeagle LLC
—
Loan Modification
related
—
—
—
Smeagle LLC
—
Deed Of Trust
related
$1,715,107 · Trustmark Nat'l Bk
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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