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Property profile & analytics
OFF-MARKET
Commercial land
323 Livingston Vernon Rd Flora, MS 39071-9732
Individually Owned
15-yr Hold
Free & Clear
Property ID
US50-0283440
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Total area
2,560 SF
Zoning code
R-1
APN
061I-29C-003
UPID
US50-0283440
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
B C Dorsey JR. · 15 yrs held
B C Dorsey JR.
since 2010
1 recorded transaction
Zoning & alternative use
R-1 · Flora, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district permits the development of affordable housing on smaller lots than the R-E or R-1 districts. This district is also intended to prevent the future subdivision of land classified as Moderate Density R- 2 into lots smaller than 9,000 square feet. This district coincides with the “Moderate Density Residential" land use classification on the adopted…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
700.85 ac
Source
flora zoning ordinance 2019
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 Flora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flora 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
$67
Tax year 2023
Assessed value
$675
Assessed 2023
Previous assessed
$675
+0.0% YoY
Effective rate
9.93%
On assessed value
Land market value
$4,500
Total market value
$4,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Heating
NONE
Total area
2,560 SF
Zoning code
R-1
APN
061I-29C-003
UPID
US50-0283440
Jurisdiction
MADISON
Zoning & alternative use
R-1 · Flora, MSZoning R-1 · permitted uses
R-1 · Flora, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district permits the development of affordable housing on smaller lots than the R-E or R-1 districts. This district is also intended to prevent the future subdivision of land classified as Moderate Density R- 2 into lots smaller than 9,000 square feet. This district coincides with the “Moderate Density Residential" land use classification on the adopted Land Use Plan.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
700.85 ac
Source
flora zoning ordinance 2019
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Current owner
From public records · entity-resolved
B C Dorsey JR.
Individual
Free & Clear · 15 yrs held
Mailing address
PO BOX 406, FLORA, MS 39071-0406
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2010
—
B C Dorsey JR.
Gross,corine
Warranty 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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