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Property profile & analytics
OFF-MARKET
Warehouses
2400 Stateline Rd Southaven, MS 38671
Entity Owned
Free & Clear
Property ID
US50-0658107
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
811,203 SF
Lot
48.6 ac (2,117,191 SF)
Zoning code
M-1
APN
1-08-5-15-00-0-00007-00
UPID
US50-0658107
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
-
GXO Logistics Company Freight Service
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
Mzx Tech LLC
Mzx Tech LLC
since 2025
5 recorded transactions
Zoning & alternative use
M-1 · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the M-1 light industrial district is to provide for a wide variety of light manufacturing establishments including assembling, processing, storage and distributing activities. No new residential development would be permitted except for watchmen and caretaker dwelling units. The districts should adjoin highways and access to railroads is also…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
731.48 ac
Source
Realmo
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 Southaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southaven 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
$729,738
Tax year 2023
Assessed value
$5,035,875
Assessed 2023
Previous assessed
$5,035,875
+0.0% YoY
Effective rate
14.49%
On assessed value
Land market value
$3,578,250
Improvement market value
$29,994,248
Total market value
$33,572,498
Applied tax rate
3,401.0000
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
Off-Market
Year built
2001
Heating
NONE
Total area
811,203 SF
Lot
48.6 ac (2,117,191 SF)
Zoning code
M-1
APN
1-08-5-15-00-0-00007-00
UPID
US50-0658107
Jurisdiction
DESOTO
Zoning & alternative use
M-1 · Southaven, MSZoning M-1 · permitted uses
M-1 · Southaven, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the M-1 light industrial district is to provide for a wide variety of light manufacturing establishments including assembling, processing, storage and distributing activities. No new residential development would be permitted except for watchmen and caretaker dwelling units. The districts should adjoin highways and access to railroads is also desirable
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
731.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Lot
48.6 ac
Current owner
From public records · entity-resolved
Mzx Tech LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8027 FORSYTH BLVD #1100, SAINT LOUIS, MO 63105-1734
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Mzx Tech LLC
Et Southaven V LLC
Special Warranty Deed
—
Aug 10, 2023
—
Et Southaven V LLC
Eceter 2400 Stateline LLC
Special Warranty Deed
$57,420,000 · Fifth Third Bank NA
Nov 17, 2021
—
Exeter 2400 Stateline LLC
Drg Mcre Southaven Venture LP
Special Warranty Deed
—
Feb 7, 2020
—
Drg Mcre Southaven Venture LP
Lunati Ticer Partnership
Warranty Deed
$23,406,000 · Pinncacle Bank
Aug 27, 2009
—
Lunati Ticer Partnership
Joseph A Lunati JR
Quit Claim Deed
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.
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