405 Business Park Dr Madison, MS 39110-9498
public/quasi-public sector uses. Uses first permitted in the C-2 General Commercial district or C-3 Major Thoroughfares Commercial districts shall not be permitted here. Finally, it is the purpose of this district to alleviate the substandard housing conditions and to preserve property values in the O-M district by requiring that any person proposing additio…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Madison, MSpublic/quasi-public sector uses. Uses first permitted in the C-2 General Commercial district or C-3 Major Thoroughfares Commercial districts shall not be permitted here. Finally, it is the purpose of this district to alleviate the substandard housing conditions and to preserve property values in the O-M district by requiring that any person proposing additions to existing dwellings or rehabilitation of/ repairs to existing dwellings not only comply with the Building Code but also comply with the specific terms of this Ordinance. This requirement is intended to ensure compatibility of such additions or repairs with other uses in the district, thereby preserving the property values of other dwellings and businesses. Within the Old Madison Station District there is hereby created a "subdistrict", to be known as the "Depot Subdistrict". The "Depot Subdistrict" is the core of Old Madison Station and contains residences and businesses that developed around the railroad depot in Madison. Because many of the businesses in the "Depot Subdistrict" were constructed very near or directly upon the right-of-way line of Main Street (Miss. Highway 463) and with little, if any, side or rear yard setbacks, special provisions are included in the district regulations for this area. "When any "action", as defined herein, is proposed anywhere in the Old Madison Station District (O-M), such actions shall be subject to the provisions of the Old Madison District. An "action" within the context of this Article shall be defined as: "Any construction, restoration, rehabilitation, refurbishment, relocation, addition to, repair of or demolition of a building or structure, or construction and location of parking facilities or the cutting of live trees (i.e., those measuring 6 inches in diameter four and one half feet above ground level). 90
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.