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Property profile & analytics
FOR LEASE
Theaters & concert halls
221 Grandview Blvd Madison, MS 39110
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US50-0636701
For Lease
Contact for pricing
221 Grandview Blvd, Madison, MS 39110
View Listing →
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2006
Total area
68,017 SF
Lot
10.56 ac (459,994 SF)
APN
072C-07C-033
UPID
US50-0636701
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
-
Malco Grandview Cinema & IMAX Cinema Theater & Performing Art Venue
-
Malco Grandview Cinema Cinema Theater & Performing Art Venue
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
Madison Grandview Real Estate LLC · 2 yrs held
Madison Grandview Real Estate LLC
since 2023
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
$261,500
Tax year 2023
Assessed value
$2,069,042
Assessed 2023
Previous assessed
$2,069,042
+0.0% YoY
Effective rate
12.64%
On assessed value
Land market value
$3,679,950
Improvement market value
$10,113,660
Total market value
$13,793,610
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Lease
Year built
2006
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
68,017 SF
Lot
10.56 ac (459,994 SF)
APN
072C-07C-033
UPID
US50-0636701
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
2006
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.56 ac
Current owner
From public records · entity-resolved
Madison Grandview Real Estate LLC
Entity
Mailing address
5100 POPLAR AVE STE #2602, MEMPHIS, TN 38137-2100
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
—
Madison Grandview Real Estate LLC
Michael A Lightman SR.
Special Warranty Deed
$11,000,000 · First Horizon Bank
Mar 20, 2019
—
Michael A Lightman SR.
—
Deed
related
$11,000,000 · First Tennessee Bk NA
Oct 5, 2011
—
Madison Ground LLC
Lightman,michael A SR
Grant Deed
related
—
Feb 13, 2009
—
Michael A Lightman SR.
—
Grant Deed
related
$11,000,000 · First Tennessee Bank National
Dec 13, 2004
—
Michael A Lightman SR.
Owner,record
Grant Deed
related
—
Feb 18, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Michael A Lightman SR.
—
Loan Modification
related
$11,000,000 · First Tennessee Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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