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Property profile & analytics
OFF-MARKET
Warehouses
2929 Stateline W Rd Southaven, MS 38671-1043
Entity Owned
Absentee Owner
Free & Clear
Property ID
US50-0747085
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
CONCRETE
Total area
408,580 SF
Lot
15.2 ac (662,239 SF)
Zoning code
M-1
APN
1-08-5-22-01-0-00034-00
UPID
US50-0747085
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
-
Farr Guitar Studio Training Center Tutoring Service
-
Associated Wholesale Grocers Memphis Division Grocery & Convenience Store Distribution Center
-
Jlondon Boutique Clothing & Fashion Store
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
MG88 MEMPHIS DISTRIBUTION LLC
MG88 MEMPHIS DISTRIBUTION LLC
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
$390,774
Tax year 2023
Assessed value
$2,696,092
Assessed 2023
Previous assessed
$2,696,092
+0.0% YoY
Effective rate
14.49%
On assessed value
Land market value
$938,400
Improvement market value
$17,035,548
Total market value
$17,973,948
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
1983
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
408,580 SF
Lot
15.2 ac (662,239 SF)
Zoning code
M-1
APN
1-08-5-22-01-0-00034-00
UPID
US50-0747085
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
1983
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
15.2 ac
Current owner
From public records · entity-resolved
MG88 MEMPHIS DISTRIBUTION LLC
Entity
Free & Clear · 0 yrs held
Mailing address
501 NE 183RD ST, MIAMI, FL 33179-4524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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