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Property profile & analytics
OFF-MARKET
Warehouses
123 Solleftea Dr Madison, MS 39110-7258
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US50-0399868
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
3,648 SF
Lot
2.19 ac (95,396 SF)
APN
072C-05D-002/03
UPID
US50-0399868
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
-
Environment Masters • Plumbing + Air HVAC Service General Contractor
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
C E Circle LLC · 3 yrs held
C E Circle LLC
since 2022
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
$6,368
Tax year 2023
Assessed value
$54,650
Assessed 2023
Previous assessed
$54,650
+0.0% YoY
Effective rate
11.65%
On assessed value
Land market value
$190,790
Improvement market value
$173,540
Total market value
$364,330
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
2002
Heating
NONE
Cooling
CENTRAL
Total area
3,648 SF
Lot
2.19 ac (95,396 SF)
APN
072C-05D-002/03
UPID
US50-0399868
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
2002
Heating
NONE
Cooling
Yes
Lot
2.19 ac
Current owner
From public records · entity-resolved
C E Circle LLC
Entity
Mailing address
168 E PORTER ST, JACKSON, MS 39201-6158
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
—
C E Circle LLC
Environment Masters INC
Warranty Deed
$163,288 · First Commercial Bank
Jul 13, 2021
—
Environment Masters INC
Bs Properties LLC
Warranty Deed
$215,592 · First Commercial Bank
Apr 8, 2021
—
Bs Properties LLC
—
Deed
related
$29,000 · First Commercial Bank
Oct 31, 2017
—
Bs Properties LLC
Tonore,edward
Warranty Deed
$300,000 · First Com'l Bk
Nov 15, 2013
—
Edward Tonore
—
Trustees Deed
related
$75,340 · Community Bank Ms
Nov 7, 2013
—
Edward Tonore
—
Trustees Deed
related
$550,000 · Community Bank Ms
Oct 31, 2011
—
Edward Tonore
—
Trustees Deed
related
$220,000 · First Commercial Bank
Jul 19, 2010
—
Edward Tonore
—
Trustees Deed
related
$600,000 · First Commercial Bank
—
—
Edward Tonore
—
Deed Of Trust
related
$250,745 · Community Bk/ms
—
—
Edward Tonore
—
Deed Of Trust
related
$80,000 · First Commercial Bank
—
—
Edward Tonore
—
Deed Of Trust
related
$241,280 · Community Bank Ms
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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