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Property profile & analytics
OFF-MARKET
Industrial properties
2031 Hwy 45th N, Columbus, MS 39705-2239
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US50-0530146
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1983
Total area
51,524 SF
Lot
10.28 ac (447,797 SF)
APN
57W120004802
UPID
US50-0530146
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
-
Dr. Charlotte L. Magnussen, MD Medical Clinic
-
Dr. Charles D. Miles, MD Physician
-
University Mall Shopping Center & Mall
-
Belk Department Store
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
Hugh Edmonds Motels INC · 11 yrs held
Hugh Edmonds Motels INC
since 2015
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
$52,255
Tax year 2023
Assessed value
$319,502
Assessed 2023
Previous assessed
$319,502
+0.0% YoY
Effective rate
16.36%
On assessed value
Land market value
$1,791,190
Improvement market value
$338,820
Total market value
$2,130,010
Applied tax rate
2,110.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1983
Heating
NONE
Cooling
CENTRAL
Total area
51,524 SF
Lot
10.28 ac (447,797 SF)
APN
57W120004802
UPID
US50-0530146
Jurisdiction
LOWNDES
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
1983
Heating
NONE
Cooling
Yes
Lot
10.28 ac
Current owner
From public records · entity-resolved
Hugh Edmonds Motels INC
Entity
Mailing address
2801 W TYVOLA RD REAL EST DEPT, CHARLOTTE, NC 28217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Feb 4, 2015
—
Hugh Edmonds Motels INC
Hutton Growth Columbus LLC
Grant Deed
$6,440,000 · Trustmark Nat'l Bk
Jan 14, 2014
—
Hutton Growth Columbus LLC
Belk Stores Of Mississippi LLC
Grant Deed
related
—
Dec 28, 2010
—
Belk Stores Of Ms LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 12, 2005
—
Belk Dept Stores
Owner Name Unavailable
Grant Deed
related
—
—
—
Hutton Growth Columbus LLC
—
Deed Of Trust
related
$6,440,000 · Trustmark Nat'l Bk
—
—
Belk Stores Of Mississippi LLC
—
Deed Of Trust
related
$1,500,000,000 · Morgan Stanley SR Fndg
—
—
Belk Stores Of Mississippi LLC
—
Deed Of Trust
related
—
—
—
Belk Stores Of Mississippi LLC
—
Deed Of Trust
related
$900,000,000 · Bank Of America
—
—
Belk Stores Of Mississippi LLC
—
Deed Of Trust
related
$1,500,000,000 · Wilmington Trust (ct)
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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