Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 1st Madison Plz Ste, Unit 1100 Madison, MS 39110-2022
    Back to Search
    Property profile & analytics

    124 1st Madison Plz Ste, Unit 1100, Madison, MS 39110-2022

    View on Map
    • Office Spaces
    • 30,168 SF
    Off-Market
    Last Sale Oct 12, 2022
    Property ID
    US50-0636708
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 124 1st Madison Plz Ste

    Year built
    2008
    Property type
    Office Spaces
    APN
    071A-12C-006/12
    APU
    071A12C00612

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 2, 2024 — By The Way LLC The Northshore Group LLC Warranty Deed —
    Oct 12, 2022 — The Northshore Group LLC Daniel Case Warranty Deed $425k · The Jefferson Bank
    Jun 25, 2008 — Eddie J Briggs Owner,record Grant Deed —
    Jun 16, 2008 — Record Owner Owner,record Quit Claim Deed · related —
    Feb 13, 2008 — Record Owner Owner,record Quit Claim Deed —
    Mar 27, 2006 — Oaks Of Highland Colony LLC Owner,record Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1542
    Latitude
    32.4627
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,114
    $0.00
    $0.00
    $26,719
    -
    $31,630
    $146,490
    $178,120

    Comparable in this City

    • Value Estimation by Request
      2,218 SF

      118 Depot Dr

      OFFICE (GENERAL)
      118 Depot Dr, Madison, MS 39110-9394
      View Details
    • Value Estimation by Request
      5,012 SF

      1082 Gluckstadt Rd

      OFFICE (GENERAL)
      1082 Gluckstadt Rd, Madison, MS 39110-7243
      View Details
    • Value Estimation by Request
      225 SF

      257 Grandview Blvd

      OFFICE (GENERAL)
      257 Grandview Blvd, Madison, MS 39110-5514
      View Details
    • Value Estimation by Request
      3,200 SF

      2351 Hwy 51

      OFFICE (GENERAL)
      2351 Hwy 51, Madison, MS 39110-8207
      View Details
    • Value Estimation by Request
      4,239 SF

      1004 Hl Drcity

      OFFICE (GENERAL)
      1004 Hl Drcity, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1,660 SF

      2085 Main St

      OFFICE (GENERAL)
      2085 Main St, Madison, MS 39110-8520
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing
      4,331 SF

      Mixed-Use Commercial Condo For Sale

      4,331 SF commercial condo in prime location.
      101 Port St, Madison, MS 39110
      View Details
    • Contact for pricing

      Prime Commercial Land in Madison

      6.62 +/- acres for commercial development in Madison, MS.
      Highway 463, Madison, MS 39110
      View Details
    • Contact for pricing

      Highland Colony Parkway Land Parcels

      Land parcels available in established office park development.
      124 One Madison Plz, Madison, MS 39110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Space in Madison

      Premier leasing opportunity with modern amenities and convenient location.
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Contact for pricing

      Remodeled Office Space Near I-55

      Recently remodeled office space with natural light near I-55.
      1 Woodgreen Pl, Madison, MS 39110
      View Details
    • $24 SF/Yr

      Madison Office Space For Lease

      Executive office space for lease in Madison, Mississippi.
      962 Highway 51 U.S, Madison, MS 39110
      View Details
    • $24 SF/Yr
      2,000 SF

      Modern Office Suite in Madison

      Modern office suite with conference room, minutes from interstate.
      342 Old Jackson Rd Lot, Madison, MS 39110
      View Details
    • $550 /Mo
      1,100 SF

      Class A Office Suites

      Premium office space in Gluckstadt's thriving commercial corridor.
      1021 Gluckstadt Rd, Gluckstadt, MS 39110
      View Details
    • $20 SF/Yr

      Modern Office, Shop, and Warehouse

      Premier property in Madison, MS with modern office and warehouse.
      108 Lone Wolf Dr, 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.
    124 1st Madison Plz Ste, Unit 1100
    Madison, MS 39110-2022
    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

    Thank You for Inquiry
    124 1st Madison Plz Ste, Madison, MS, 39110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!