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Property profile & analytics
OFF-MARKET
Flex space
168 American Way Madison, MS 39110-7968
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US50-0331105
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Total area
6,674 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
082I-29 -010/18
UPID
US50-0331105
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
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
Johanna Q Bowman · 8 yrs held
Johanna Q Bowman
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Madison, MS
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
$6,126
Tax year 2023
Assessed value
$53,420
Assessed 2023
Previous assessed
$53,420
+0.0% YoY
Effective rate
11.47%
On assessed value
Land market value
$108,900
Improvement market value
$247,230
Total market value
$356,130
Applied tax rate
2.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Total area
6,674 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
082I-29 -010/18
UPID
US50-0331105
Jurisdiction
MADISON
Zoning & alternative use
C-2 · Madison, MS
Zoning C-2 · permitted uses
C-2 · Madison, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Johanna Q Bowman
Individual
Mailing address
168 AMERICAN WAY, MADISON, MS 39110-7968
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Bushido Ents LLC
—
Deed
related
$550,000 · Hancock Whitney Bk
May 6, 2019
—
Bushido Ents LLC
—
Deed
related
$503,684 · First Bk
Feb 7, 2018
—
Johanna Q Bowman
—
Deed
related
$52,000 · Trustmark Nat'l Bk
Nov 30, 2017
—
Johanna Q Bowman
Sartain Associates INC
Warranty Deed
$52,000 · Trustmark Nat'l Bk
Jun 9, 2017
—
Sartain Associates INC
—
Trustees Deed
related
$147,000 · Bankplus Loan Operations
May 31, 2017
—
Bushido Ents LLC
—
Trustees Deed
related
$575,613 · First Bk
Mar 2, 2017
—
G & P Gluckstadt Holdings LLC
J & K Southern Properties LLC
Warranty Deed
related
$373,656 · Sb&t Bk/al
Dec 21, 2016
—
J & K Southern Properties LLC
Gt Of Central Mississippi LLC
Warranty Deed
$574,731 · First Bk
Apr 1, 2016
—
Gt Of Central Mississippi LLC
—
Trustees Deed
related
$75,840 · Bankplus
Mar 17, 2014
—
Gt Of Central Mississippi LLC
—
Trustees Deed
related
$75,455 · Bankplus
Feb 1, 2011
—
Gt Of Central Mississippi LLC
—
Trustees Deed
related
$75,685 · Bank Plus INC
Nov 14, 2007
—
Gt Of Central Mississippi LLC
Owner Name Unavailable
Grant Deed
—
Sep 18, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Bushido Ents LLC
—
Deed Of Trust
related
$503,684 · First Bk
—
—
Gt Of Central Mississippi LLC
—
Deed Of Trust
related
$66,330 · Bank Plus INC
—
—
Gt Of Central Mississippi LLC
—
Deed Of Trust
related
$372,035 · Bankplus
—
—
Johanna Q Bowman
—
Deed Of Trust
related
$52,000 · Trustmark Nat'l Bk
—
—
Bushido Ents LLC
—
Deed Of Trust
related
$550,000 · Hancock Whitney Bk
—
—
Gt Of Central Mississippi LLC
—
Deed Of Trust
related
$471,272 · Bank Plus INC
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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