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Property profile & analytics
OFF-MARKET
Individual retail properties
211 19th Ave Meridian, MS 39301-5202
Entity Owned
6-yr Hold
Free & Clear
Property ID
US50-0587308
Property summary
AI-generated overview
This unique special-purpose property at 211 19th Avenue in Meridian, Mississippi, 39301, presents a compelling investment opportunity. Listed at $199,900, this historical building boasts a prime location just a short distance from key Meridian attractions. Its proximity to the Mississippi Arts & Entertainment Experience, Sela Ward Parkway, the Mississippi State University downtown branch, the MSU Riley Center, and the Threefoot Hotel offers exceptional potential for a variety of uses. Imagine transforming this building into Meridian's next premier venue, a stylish apartment complex, or a versatile warehouse space. The possibilities are vast and exciting. The property features recently installed new windows upstairs, adding to its overall appeal and functionality. This is a chance to acquire a piece of Meridian's history and shape its future. The building's strategic location and adaptable nature make it an ideal investment for those seeking a high-impact project with significant upside potential. Further details are available upon request.
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1915
Total area
8,910 SF
Lot
0.13 ac (5,610 SF)
APN
84181348601300100
UPID
US50-0587308
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
-
McKee's Glass Service Auto Repair Shop
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
Omg LLC · 6 yrs held
Omg LLC
since 2020
Last sale
$150,000
1 recorded transaction
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 Meridian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Meridian 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
$2,832
Tax year 2023
Assessed value
$15,933
Assessed 2023
Previous assessed
$15,933
+0.0% YoY
Effective rate
17.77%
On assessed value
Land market value
$22,780
Improvement market value
$83,440
Total market value
$106,220
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1915
Heating
SPACE
Total area
8,910 SF
Lot
0.13 ac (5,610 SF)
APN
84181348601300100
UPID
US50-0587308
Jurisdiction
LAUDERDALE
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
1915
Heating
SPACE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Omg LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6889 A C BROWN RD, MERIDIAN, MS 39305-9230
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
Omg LLC
211 19th Ave LLC
Warranty Deed
—
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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