Back to Search
Property profile & analytics
OFF-MARKET
Flex space
289 Commerce Park Dr Ridgeland, MS 39157-2235
Entity Owned
12-yr Hold
Free & Clear
Property ID
US50-0769555
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Total area
14,048 SF
Lot
1.25 ac (54,450 SF)
APN
072I-30B-004/10
UPID
US50-0769555
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
-
Hoya Vision Eye Care Center
-
PPM Consultants, Inc. Environmental Consultant
-
Arsh Novelties LLC Big Box & Wholesale Store
-
SCHOOL HOUSE 21 Teachers College
-
Zebra Marketing Marketing & Advertising
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
Brandon Brown Properties LLC · 12 yrs held
Brandon Brown Properties LLC
since 2014
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
$9,111
Tax year 2023
Assessed value
$84,546
Assessed 2023
Previous assessed
$84,546
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$108,900
Improvement market value
$454,740
Total market value
$563,640
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
CENTRAL
Total area
14,048 SF
Lot
1.25 ac (54,450 SF)
APN
072I-30B-004/10
UPID
US50-0769555
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
1999
Heating
NONE
Cooling
Yes
Lot
1.25 ac
Current owner
From public records · entity-resolved
Brandon Brown Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1991 LAKELAND DR STE J, JACKSON, MS 39216-5000
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
—
Brandon Brown Properties LLC
—
Deed
related
$1,055,553 · Bankfirst Financial Services
May 12, 2020
—
Brandon Brown Properties LLC
—
Deed
related
$1,398,298 · Keesler FCU
Dec 7, 2018
—
Brandon Brown Properties LLC
—
Deed
related
$1,477,424 · Keesler FCU
Nov 20, 2017
—
Brandon Brown Properties LLC
—
Deed
related
$688,094 · First Bk
Jun 26, 2014
—
Brandon Brown Properties LLC
Brown,brandon L
Quit Claim Deed
related
—
Jan 13, 2012
—
Bancorpsouth Bk
Mayfield,mark S
Trustees Deed
related
—
—
—
Brandon Brown Properties LLC
—
Deed Of Trust
related
$1,477,424 · Keesler FCU
—
—
Brandon Brown Properties LLC
—
Deed Of Trust
related
$688,094 · First Bk
—
—
Brandon Brown Properties LLC
—
Loan Modification
related
$1,398,298 · Keesler FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 289 Commerce Park Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
