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Property profile & analytics
OFF-MARKET
Turn key restaurants
150 Stateline W Rd Southaven, MS 38671-1708
Entity Owned
13-yr Hold
Free & Clear
Property ID
US50-0162146
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
BRICK
Total area
3,367 SF
Lot
0.78 ac (34,059 SF)
Zoning code
C-3
APN
1-08-6-13-04-0-00003-00
UPID
US50-0162146
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
-
Jim Neely's Interstate Bar-B-Q Restaurant
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
150 West Stateline Road LLC · 13 yrs held
150 West Stateline Road LLC
since 2013
1 recorded transaction
Zoning & alternative use
C-3 · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-3 general commercial district is to protect and improve older business districts in established communities. No areas other than those located within these designated areas should be rezoned to this district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
459.62 ac
Source
Realmo
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 Southaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southaven 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
$10,743
Tax year 2023
Assessed value
$74,124
Assessed 2023
Previous assessed
$74,124
+0.0% YoY
Effective rate
14.49%
On assessed value
Land market value
$77,100
Improvement market value
$417,058
Total market value
$494,158
Applied tax rate
3,400.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
NONE
Total area
3,367 SF
Lot
0.78 ac (34,059 SF)
Zoning code
C-3
APN
1-08-6-13-04-0-00003-00
UPID
US50-0162146
Jurisdiction
DESOTO
Zoning & alternative use
C-3 · Southaven, MSZoning C-3 · permitted uses
C-3 · Southaven, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-3 general commercial district is to protect and improve older business districts in established communities. No areas other than those located within these designated areas should be rezoned to this district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
459.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
150 West Stateline Road LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2265 S 3RD ST, MEMPHIS, TN 38109-2566
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2013
—
150 West Stateline Road LLC
James L Neely
Quit Claim Deed
related
—
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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