New search
Property profile & analytics
OFF-MARKET
Car washes
721 Rice Rd Ridgeland, MS 39157-3002
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US50-0343078
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2004
Total area
546 SF
Lot
25 ac (1,089,000 SF)
APN
072H-28C-121/01
UPID
US50-0343078
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
-
Showroom Clean Car Wash
-
Krispy Krunchy Chicken Restaurant
-
Chevron Ridgeland Grocery & Convenience Store
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
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
Pelia Short Stop 1 LLC · 5 yrs held
Pelia Short Stop 1 LLC
since 2021
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
$320,694
Tax year 2023
Assessed value
$2,976,000
Assessed 2023
Previous assessed
$2,976,000
+0.0% YoY
Effective rate
10.78%
On assessed value
Improvement market value
$19,840,000
Total market value
$19,840,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
CENTRAL
Buildings
15
Stories
1
Total area
546 SF
Lot
25 ac (1,089,000 SF)
APN
072H-28C-121/01
UPID
US50-0343078
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
Buildings
15
Lot
25 ac
Current owner
From public records · entity-resolved
Pelia Short Stop 1 LLC
Entity
Mailing address
PO BOX 1729, MADISON, MS 39130-1729
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Legacy Park LLC
—
Deed
related
$32,000,000 · Regions Bank
May 19, 2021
—
Pelia Short Stop 1 LLC
Bedi Ventures LLC
Warranty Deed
$1,195,368 · Copiah Bank
Sep 26, 2008
—
Sumrall Oil Services INC
—
Trustees Deed
related
$700,000 · Private Lender
—
—
Nabajiban LLC
—
Deed Of Trust
related
$790,825 · Bankfirst Financial Services
—
—
Legacy Park LLC
—
Deed Of Trust
related
$17,372,400 · Red Mortgage Capital INC
—
—
Legacy Park LLC
—
Deed Of Trust
related
$27,500,000 · Jp Morgan Chase Bk
—
—
Legacy Park LLC
—
Deed Of Trust
related
$17,372,400 · Wells Fargo Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 721 Rice Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
