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Property profile & analytics
OFF-MARKET
Flex space
324 Distribution Dr Madison, MS 39110-9066
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US50-1980140
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Total area
9,908 SF
Lot
2 ac (87,120 SF)
Zoning code
C-1
APN
082I-29 -013/01.12
UPID
US50-1980140
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
-
Childrens Academy of Madison High School Daycare Center
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
Childrens Academy Of Madison INC · 17 yrs held
Childrens Academy Of Madison INC
since 2008
7 recorded transactions
Zoning & alternative use
C-1 · Madison, 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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$17,190
Tax year 2023
Assessed value
$149,891
Assessed 2023
Previous assessed
$149,891
+0.0% YoY
Effective rate
11.47%
On assessed value
Land market value
$261,360
Improvement market value
$737,914
Total market value
$999,274
Applied tax rate
2.0000
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
1990
Heating
NONE
Cooling
CENTRAL
Total area
9,908 SF
Lot
2 ac (87,120 SF)
Zoning code
C-1
APN
082I-29 -013/01.12
UPID
US50-1980140
Jurisdiction
MADISON
Zoning & alternative use
C-1 · Madison, MS
Zoning C-1 · permitted uses
C-1 · Madison, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Lot
2 ac
Current owner
From public records · entity-resolved
Childrens Academy Of Madison INC
Entity
Mailing address
324 DISTRIBUTION DR, MADISON, MS 39110-9066
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Childrens Academy Of Madison I
—
Deed
related
$897,178 · Stone Bank
Sep 9, 2025
—
The Childrens Cademy Of Madison INC
—
Deed
related
$100,000 · Bank Of Forest
Jun 2, 2025
—
The Childrens Academy Of Madison
—
Deed
related
$75,500 · Bank Of Forest
Jan 6, 2025
—
The Childrens Academy Of Madison In
—
Deed
related
$624,000 · Bank Of Forest
Oct 5, 2023
—
The Childrens Academy Of Madison In
—
Deed
related
$250,000 · Bank Of Forest
Jun 14, 2021
—
The Childrens Academy Of Madison In
—
Deed
related
$85,000 · Bank Of Forest
Mar 2, 2021
—
The Childrens Academy Of Madison In
—
Deed
related
$1,078,256 · Bank Of Forest
Dec 12, 2019
—
Childrens Academy Of Madison INC
—
Deed
related
$103,139 · Renasant Bk
Mar 20, 2018
—
Childrens Academy Of Madison
—
Deed
related
$1,053,742 · Renasant Bk
Jun 27, 2017
—
Childrens Academy Of Madison
—
Deed
related
$727,356 · Bankplus
Feb 23, 2017
—
Childrens Academy Of Madisoni
—
Deed
related
$98,548 · Bankplus
Dec 9, 2016
—
Childrens Academy Of Madison INC
—
Deed
related
$98,548 · Bankplus
Nov 17, 2008
—
Childrens Academy Of Madison INC
Malouf,george & Kathy
Grant Deed
$317,000 · Bankfirst Financial Services
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$388,000 · Bankplus
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$106,000 · Bankplus
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$262,000 · Central Ms Dev Co INC
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$103,139 · Renasant Bk
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$370,205 · Bankfirst Financial Services
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$370,205 · Bankfirst Financial Services
—
—
Childrens Academy Of Madison INC
—
Deed Of Trust
related
$98,548 · Bankplus
—
—
Childrens Academy Of Madison
—
Deed Of Trust
related
$727,356 · Bankplus
—
—
Childrens Academy Of Madisoni
—
Deed Of Trust
related
$98,548 · Bankplus
—
—
Childrens Academy Of Madison
—
Deed Of Trust
related
$1,053,742 · Renasant Bk
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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