New search
Property profile & analytics
OFF-MARKET
Office Spaces
617 Renaissance Way Ridgeland, MS 39157-6066
Entity Owned
~
Est. High Equity
Property ID
US50-0421974
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Total area
7,236 SF
Lot
0.69 ac (30,056 SF)
APN
071G-26D-001/83
UPID
US50-0421974
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
-
Montgomery Mc Graw Collins Law Firm
-
Marcus & Millichap Real Estate Real Estate Agency
-
Integra Realty Resources - Jackson Real Estate Agency
-
iROW - Integrated Right of Way Corporate Office
-
Fletcher Tina Insurance Agency
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
Novavista LLC
Novavista LLC
since 2025
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
$10,916
Tax year 2023
Assessed value
$101,301
Assessed 2023
Previous assessed
$101,301
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$130,680
Improvement market value
$544,660
Total market value
$675,340
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
1999
Heating
NONE
Cooling
CENTRAL
Total area
7,236 SF
Lot
0.69 ac (30,056 SF)
APN
071G-26D-001/83
UPID
US50-0421974
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
1999
Heating
NONE
Cooling
Yes
Lot
0.69 ac
Current owner
From public records · entity-resolved
Novavista LLC
Entity
Mailing address
617 RENAISSANCE WAY, RIDGELAND, MS 39157-6066
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Novavista LLC
Terramark Holdings LLC
Warranty Deed
$1,815,599 · Renasant Bank
Mar 21, 2022
—
Terramark Holdings LLC
200b Trace Colony LLC
Warranty Deed
$1,190,000 · The First A National Banking Assn
Mar 17, 2022
—
Terramark Holdings LLC
—
Deed
related
$1,190,000 · The First A National Banking Assn
Jan 4, 2021
—
200b Trace Colony LLC
Mark S Jordan
Warranty Deed
$892,396 · Guaranty Bk
Oct 23, 2019
—
Mark S Jordan
—
Deed
related
—
—
—
Mark S Jordan
—
Deed Of Trust
related
—
—
—
Mark S Jordan
—
Deed Of Trust
related
—
—
—
Mark S Jordan
—
Loan Modification
related
—
—
—
Jordan,mark S
—
Deed Of Trust
related
$932,800 · Trustmark Nat'l 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.
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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