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Property profile & analytics
OFF-MARKET
Automotive properties
282 Hwy 51 Ridgeland, MS 39157-3932
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US50-0761041
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Total area
8,250 SF
Lot
0.78 ac (33,977 SF)
APN
072I-31B-023/01
UPID
US50-0761041
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
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
Prassel Lumber Co · 9 yrs held
Prassel Lumber Co
since 2017
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
$9,417
Tax year 2023
Assessed value
$87,393
Assessed 2023
Previous assessed
$87,393
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$203,860
Improvement market value
$378,760
Total market value
$582,620
Applied tax rate
4.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Heating
ELECTRIC
Cooling
CENTRAL
Total area
8,250 SF
Lot
0.78 ac (33,977 SF)
APN
072I-31B-023/01
UPID
US50-0761041
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
1977
Heating
ELECTRIC
Cooling
Yes
Lot
0.78 ac
Current owner
From public records · entity-resolved
Prassel Lumber Co
Entity
Mailing address
282 HWY 51, RIDGELAND, MS 39157-3932
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jul 1, 2025
—
Crown Auto LLC
—
Deed
related
$125,000 · The Citizens National Bank Of Meridian
Jun 14, 2024
—
Crown Auto LLC
—
Deed
related
$1,265,298 · The Citizens National Bank Of Meridian
Apr 5, 2021
—
Crown Auto LLC
—
Deed
related
$1,119,558 · Bankplus Loan Operations
Aug 24, 2018
—
Crown Auto LLC
—
Deed
related
$77,539 · Bank Of Forest
Apr 4, 2017
—
Prassel Lumber Co
Capital Dev Co LLC
Quit Claim Deed
related
—
Jul 1, 2016
—
Crown Auto LLC
Mardis,james H & Donna
Grant Deed
$942,447 · James H & Donna S Mardis
—
—
Crown Auto LLC
—
Deed Of Trust
related
$77,539 · 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.
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