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Property profile & analytics
OFF-MARKET
Office Spaces
601 Cres Blvd Ridgeland, MS 39157-8636
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US50-0714412
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Total area
13,652 SF
Lot
1.34 ac (58,370 SF)
APN
071F-13C-002/01.01
UPID
US50-0714412
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
-
Primerica Insurance Agency
-
David Butler - Aflac Insurance Agent Insurance Agency
-
Barbour Jep Mr Law Firm
-
Bowie & Co. Real Estate Real Estate Agency
-
Guaranty Bank & Trust Company Bank Credit Union
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
587 Highland Colony LLC · 2 yrs held
587 Highland Colony LLC
since 2024
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
$24,781
Tax year 2023
Assessed value
$229,962
Assessed 2023
Previous assessed
$229,962
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$233,480
Improvement market value
$1,299,600
Total market value
$1,533,080
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,652 SF
Lot
1.34 ac (58,370 SF)
APN
071F-13C-002/01.01
UPID
US50-0714412
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
587 Highland Colony LLC
Entity
Mailing address
601 CRES BLVD, RIDGELAND, MS 39157-8636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
587 Highland Colony LLC
Harris Geno Realty LLC
Quit Claim Deed
—
Apr 17, 2023
—
P & D Real Estate Holdings LLC
David Landrum Properties LLC
Warranty Deed
—
Apr 21, 2020
—
David Landrum Properties LLC
—
Deed
related
$2,156,528 · Southern Bancorp Bk NA
Feb 4, 2020
—
David Landrum Properties LLC
—
Deed
related
$2,014,621 · Bankfirst Fin'l Svcs
Sep 26, 2019
—
David Landrum Properties LLC
—
Deed
related
$101,281 · Bankfirst Fin'l Svcs
Jul 16, 2018
—
David Landrum Properties LLC
—
Deed
related
$486,545 · Origin Bk
Aug 17, 2016
—
David Landrum Properties LLC
—
Deed
related
$520,889 · Origin Bk
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$410,013 · Community Tr Bk
—
—
David Landrum Properties LLC
—
Loan Modification
related
$1,763,424 · Bankfirst Fin'l Svcs
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$117,014 · Citizens Nat'l Bk/meridian
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$101,281 · Bankfirst Fin'l Svcs
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$2,014,621 · Bankfirst Fin'l Svcs
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$2,156,528 · Southern Bancorp Bk NA
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$520,889 · Origin Bk
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$486,545 · Origin Bk
—
—
David Landrum Properties LLC
—
Deed Of Trust
related
$1,841,495 · Bankfirst Financial Services
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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