Property profile

175 Grandview Blvd Madison, MS 39110

OFF-MARKET
Super regional malls
Property ID
US50-0818839
85,526 SF 6.94 ac lot Built 2012
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Forum at Grandview, a prominent 216,144 square foot commercial shopping center in Madison, Mississippi, offers exceptional retail space. Located at 175 Grandview Blvd, 39110, this multi-tenant property boasts high visibility from Interstate 55 and is anchored by major national retailers including Dick's Sporting Goods, Home Goods, Best Buy, Michaels, Petco, and ULTA. The center is situated within a thriving retail corridor, adjacent to Wal-Mart, Sam's Club, Malco Theaters, and Miskelly Furniture, ensuring high foot traffic and brand synergy. Two spaces are currently available, ranging from 1,500 to 139,609 square feet, providing flexibility for various retail concepts. The property sits on a 24.86-acre lot, including approximately 8 acres of developable outparcels, presenting significant expansion opportunities. Madison, MS, exhibits robust growth, with a 2.6% annual rate and the highest average household income in Mississippi at $122,000, making it an attractive market for businesses. This prime retail location offers a unique opportunity to establish or expand a retail presence in a high-demand area. The minimum divisible space is 1,500 square feet, and the total number of suites is 21. Currently, 1,500 square feet of space is vacant.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2012
Total area 85,526 SF
Lot 6.94 ac (302,306 SF)
APN 072C-07C-002/01
UPID US50-0818839

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Department Store
  • Cosmetic Store
  • Hair Salon Nail Salon
  • Bakery Specialty Food Shop

Location

175 Grandview Blvd Madison, MS 39110-6039
Madison metro Census 30203 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$920k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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