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Property profile & analytics
FOR SALE
Commercial real estate
1949 Tappan St Horn Lake, MS 38637
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US50-0294166
For Sale
1 / 2
$162,693
1949 Tappan St, Horn Lake, MS 38637
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Total area
1,926 SF
Lot
0.14 ac (6,283 SF)
Zoning code
C-3
APN
1-08-7-35-02-0-00005-00
UPID
US50-0294166
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
Kinard Ivory · 1 yrs held
Kinard Ivory
since 2025
Last sale
$155,000
4 recorded transactions
Zoning & alternative use
C-3 · Horn Lake, 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 Horn Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horn Lake 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
$1,299
Tax year 2023
Assessed value
$8,687
Assessed 2023
Previous assessed
$8,687
+0.0% YoY
Effective rate
14.95%
On assessed value
Land market value
$20,196
Improvement market value
$37,721
Total market value
$57,917
Applied tax rate
4,200.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1981
Heating
NONE
Total area
1,926 SF
Lot
0.14 ac (6,283 SF)
Zoning code
C-3
APN
1-08-7-35-02-0-00005-00
UPID
US50-0294166
Jurisdiction
DESOTO
Zoning & alternative use
C-3 · Horn Lake, MS
Zoning C-3 · permitted uses
C-3 · Horn Lake, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horn Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Kinard Ivory
Individual
Mailing address
PO BOX 381373, GERMANTOWN, TN 38183-1373
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$155,000
Kinard Ivory
Robert C Feol
Special Warranty Deed
$124,000 · Guaranty Bank & Trust Co
Aug 2, 2024
—
Robert C Feol
Pegasus Real Estate Services LLC
Quit Claim Deed
related
—
Nov 2, 2021
—
Pegasus Real Estate Services LLC
Ari Oswaldo Gonzalez
Warranty Deed
$60,000 · Michael Harwood
Jan 29, 2013
—
Lawrence E Sartain
Eva Kate Sartain Hadson
Intrafamily Transfer
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.
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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