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Property profile & analytics
FOR LEASE
Warehouses
218 N Wheatley St Ridgeland, MS 39157
Entity Owned
4-yr Hold
Free & Clear
Property ID
US50-0666855
For Lease
1 / 22
$15 SF/Yr
218 N Wheatley St, Ridgeland, MS 39157
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
40,074 SF
Lot
6.3 ac (274,428 SF)
APN
072D-19D-057
UPID
US50-0666855
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
-
Mid South Mulching Services, LLC Forestry Service Earth Works Company
-
Watkins Construction & Roofing Construction Company
-
Infinite Metal Solutions Building Supply Industrial Manufacturer
-
Heritage Windows Construction Company 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
Dier Enterprises LLC · 4 yrs held
Dier Enterprises LLC
since 2022
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 Ridgeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgeland 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
$6,954
Tax year 2023
Assessed value
$64,524
Assessed 2023
Previous assessed
$64,524
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$189,000
Improvement market value
$241,160
Total market value
$430,160
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1972
Heating
YES
Total area
40,074 SF
Lot
6.3 ac (274,428 SF)
APN
072D-19D-057
UPID
US50-0666855
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
1972
Heating
YES
Lot
6.3 ac
Current owner
From public records · entity-resolved
Dier Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
218 N WHEATLEY ST, RIDGELAND, MS 39157-2344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
—
Dier Enterprises LLC
—
Deed
related
$776,000 · Origin Bank
Apr 3, 2023
—
Dier Enterprises LLC
—
Deed
related
$1,359,007 · The First A National Banking Assn
Jun 13, 2022
—
Dier Enterprises LLC
—
Deed
related
$3,775,000 · The First A National Banking Assn
May 5, 2022
—
Dier Enterprises LLC
Old Towne Storage And Development L
Correction Deed
related
—
Aug 7, 2020
—
Dier Ents LLC
Old Towne Storage LLC
Warranty Deed
$1,547,000 · Bank Of Forest
Apr 20, 2018
—
Old Towne Storage & Dev LLC
—
Deed
related
$1,075,407 · Bank Of Forest
Jun 16, 2017
—
Old Towne Storage & Dev LLC
Box Creek Storage LLC
Warranty Deed
$889,784 · Trustmark Nat'l Bk
Jun 15, 2017
—
Box Creek Storage LLC
Boutwell,harold C
Warranty Deed
related
—
Jan 30, 2008
—
Box Creek Storage LLC
Owner,record
Grant Deed
—
Feb 7, 2007
—
Harold C Boutwell
Owner,record
Grant Deed
related
—
—
—
Old Towne Storage & Dev LLC
—
Deed Of Trust
related
$1,075,407 · Bank Of Forest
—
—
Old Towne Storage & Dev LLC
—
Deed Of Trust
related
$300,250 · Bank Of Forest
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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