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Property profile & analytics
OFF-MARKET
Medical Office Space
7684 Airways Blvd Southaven, MS 38671-5304
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US50-0337504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2009
Construction
MIXED
Total area
6,023 SF
Lot
0.68 ac (29,500 SF)
Zoning code
R-9
APN
1-07-9-30-00-0-00003-06
UPID
US50-0337504
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
-
Memphis Neurology: Benameur Karima MD Pediatrician
-
Memphis Neurology: Eastmead Donald J MD Pediatrician
-
Sonone Rahul MD Physician Medical Clinic
-
Memphis Neurology Medical Clinic
-
Porch Laura E Physician Medical Clinic
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
Mid South Associates LLC · 17 yrs held
Mid South Associates LLC
since 2009
3 recorded transactions
Zoning & alternative use
R-9 · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-9 district is designated solely to protect existing established neighborhoods in areas previous zoned R-2 and to provide suitable areas for high density residential development where complete urban services and facilities are provided or when the extension of such services or facilities will be physically and economically facilitated. Generally, this d…
Zone name
Single Family Medium Density Residential
General category
RESIDENTIAL
Zone area
2,364.49 ac
Source
Realmo
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 Southaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southaven 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
$15,425
Tax year 2023
Assessed value
$106,467
Assessed 2023
Previous assessed
$106,467
+0.0% YoY
Effective rate
14.49%
On assessed value
Land market value
$204,296
Improvement market value
$505,486
Total market value
$709,782
Applied tax rate
2,400.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2009
Construction
MIXED
Heating
NONE
Stories
1
Total area
6,023 SF
Lot
0.68 ac (29,500 SF)
Zoning code
R-9
APN
1-07-9-30-00-0-00003-06
UPID
US50-0337504
Jurisdiction
DESOTO
Zoning & alternative use
R-9 · Southaven, MSZoning R-9 · permitted uses
R-9 · Southaven, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-9 district is designated solely to protect existing established neighborhoods in areas previous zoned R-2 and to provide suitable areas for high density residential development where complete urban services and facilities are provided or when the extension of such services or facilities will be physically and economically facilitated. Generally, this district will be characterized by single-family detached dwellings
Zone name
Single Family Medium Density Residential
General category
RESIDENTIAL
Zone area
2,364.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Construction
MIXED
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Mid South Associates LLC
Entity
Mailing address
STE 100, GERMANTOWN, TN 38138
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Mid South Associates LLC
—
Deed
related
$2,250,000 · Paragon Bank
May 12, 2009
—
Mid South Associates LLC
Shiva S Natarajan
Warranty Deed
$975,000 · Paragon National Bank
Sep 15, 2008
—
Shiva S Natarajan
T&n Properties LLC
Warranty Deed
—
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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