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Property profile & analytics
OFF-MARKET
Super regional malls
1888 Main St, Madison, MS 39110-6337
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US50-0009207
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2005
Total area
15,711 SF
Lot
1.74 ac (75,794 SF)
APN
072C-07A-009/02.04
UPID
US50-0009207
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
-
Brent's Appliance Repair Home Appliance Store
-
Sweet Dreams Interiors (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Vital Hearts, LLC Training Center
-
The UPS Store Courier Service Postal Service
-
U.S. AEROSPACE DEFENSE GROUP Insurance Agency
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
Dearman Storage Zone LLC · 4 yrs held
Dearman Storage Zone LLC
since 2021
7 recorded transactions
Zoning & alternative use
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
$38,521
Tax year 2023
Assessed value
$330,564
Assessed 2023
Previous assessed
$330,564
+0.0% YoY
Effective rate
11.65%
On assessed value
Land market value
$453,020
Improvement market value
$1,750,740
Total market value
$2,203,760
Applied tax rate
1.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
CENTRAL
Total area
15,711 SF
Lot
1.74 ac (75,794 SF)
APN
072C-07A-009/02.04
UPID
US50-0009207
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Lot
1.74 ac
Current owner
From public records · entity-resolved
Dearman Storage Zone LLC
Entity
Mailing address
829 ANNANDALE RD, MADISON, MS 39110-7824
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
—
Dearman Storage Zone LLC
Main Street Crossing LLC
Warranty Deed
$5,200,000 · Keesler FCU
Aug 17, 2020
—
Main Street Crossing LLC
—
Deed
related
$1,041,485 · Bankplus
Aug 3, 2005
—
Main Street Crossing LLC
Owner,record
Grant Deed
related
—
Jul 30, 2004
—
Main Street Crossing LLC
Owner,record
Grant Deed
related
—
Jun 28, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 12, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 2, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Main Street Crossing LLC
—
Deed Of Trust
related
$1,041,485 · Bankplus
—
—
Main Street Crossing LLC
—
Deed Of Trust
related
$1,788,531 · Sb&t Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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