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Property profile & analytics
OFF-MARKET
Office Spaces
2445 Hwy 51st S, Hernando, MS 38632-1734
Entity Owned
6-yr Hold
Free & Clear
Property ID
US50-0302015
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1955
Construction
TYPE NOT SPECIFIED
Total area
7,607 SF
Lot
0.57 ac (24,937 SF)
Zoning code
C-3
APN
3-08-6-13-00-1-00101-00
UPID
US50-0302015
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
-
HOTWORX- Hernando, MS Gym & Fitness Center
-
Cheers Wine and Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Magnolia Soap and Bath Company Hernando (Bike/Boat/Book/etc) Store Cosmetic Store
-
Fire Equipment Service Center of Hernando General Contractor Security 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
Hernando Holdings LLC · 6 yrs held
Hernando Holdings LLC
since 2020
3 recorded transactions
Zoning & alternative use
C-3 · Hernando, MS
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 Hernando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hernando 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
$7,855
Tax year 2023
Assessed value
$56,618
Assessed 2023
Previous assessed
$56,618
+0.0% YoY
Effective rate
13.87%
On assessed value
Land market value
$112,800
Improvement market value
$264,655
Total market value
$377,455
Applied tax rate
5,102.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1955
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
7,607 SF
Lot
0.57 ac (24,937 SF)
Zoning code
C-3
APN
3-08-6-13-00-1-00101-00
UPID
US50-0302015
Jurisdiction
DESOTO
Zoning & alternative use
C-3 · Hernando, MS
Zoning C-3 · permitted uses
C-3 · Hernando, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hernando. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Hernando Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 558, NESBIT, MS 38651-0558
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
—
Hernando Holdings LLC
Memphis Welath Builders LLC
Quit Claim Deed
related
—
Apr 27, 2020
—
Memphis Wealth Builders LLC
Ass Properties LLC
Warranty Deed
—
Nov 12, 2010
—
Asb Properties LLC
William W Ballard
Administrators Deed
$270,575 · First Security Bank
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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