New search
Property profile & analytics
OFF-MARKET
Flex space
184 American Way, Madison, MS 39110-7968
Individually Owned
12-yr Hold
Free & Clear
Property ID
US50-0397264
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Total area
6,025 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
082I-29 -010/17
UPID
US50-0397264
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
-
After Zone Daycare Center
-
Executive Landscape Landscaping 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
Jack D Harrington · 12 yrs held
Jack D Harrington
since 2013
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
$5,686
Tax year 2023
Assessed value
$49,581
Assessed 2023
Previous assessed
$49,581
+0.0% YoY
Effective rate
11.47%
On assessed value
Land market value
$108,900
Improvement market value
$221,640
Total market value
$330,540
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
2008
Heating
NONE
Cooling
CENTRAL
Total area
6,025 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
082I-29 -010/17
UPID
US50-0397264
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
2008
Heating
NONE
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Jack D Harrington
Individual
Free & Clear · 12 yrs held
Mailing address
111 LANGDON BND, MADISON, MS 39110-7079
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
Jack D Harrington
—
Deed
related
$58,798 · Bank Plus
Sep 28, 2020
—
Jack D Harrington
—
Deed
related
$319,688 · Bankplus
Aug 10, 2020
—
Jack D Harrington
—
Deed
related
$319,688 · Bankplus
Dec 10, 2018
—
Jack D Harrington
—
Deed
related
$2,448,304 · Bankplus
Oct 17, 2013
—
Jack D Harrington
Selectbuilt LLC
Quit Claim Deed
related
—
Jun 29, 2012
—
Selectbuilt LLC
—
Trustees Deed
related
$855,157 · Bancorp South Bank
Aug 25, 2008
—
Selectbuilt LLC
Owner Name Unavailable
Grant Deed
related
—
Jun 12, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 29, 2007
—
Property Resources INC
Owner Name Unavailable
Grant Deed
related
—
Apr 13, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 8, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Jack D Harrington
—
Deed Of Trust
related
$331,906 · Bank Plus INC
—
—
Jack D Harrington
—
Deed Of Trust
related
$2,448,304 · Bankplus
—
—
Jack D Harrington
—
Deed Of Trust
related
$319,688 · Bankplus
—
—
Jack D Harrington
—
Deed Of Trust
related
$319,688 · Bankplus
—
—
Phillip M Adcock
—
Deed Of Trust
related
$235,738 · 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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