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Property profile & analytics
FOR SALE
Retail space
812 Lake Harbour Dr Ridgeland, MS 39157
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US50-0172057
For Sale
1 / 15
$2,500,000
812 Lake Harbour Dr, Ridgeland, MS 39157
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
7,081 SF
Lot
1.47 ac (64,033 SF)
APN
072H-28C-111/03
UPID
US50-0172057
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
-
Mitchell's Outdoor Power Equipment, LLC (Bike/Boat/Book/etc) Store Garden Center
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
Bem Properties LLC · 7 yrs held
Bem Properties LLC
since 2019
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
$10,283
Tax year 2023
Assessed value
$95,422
Assessed 2023
Previous assessed
$95,422
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$449,450
Improvement market value
$186,690
Total market value
$636,140
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1989
Heating
NONE
Cooling
CENTRAL
Total area
7,081 SF
Lot
1.47 ac (64,033 SF)
APN
072H-28C-111/03
UPID
US50-0172057
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
1989
Heating
NONE
Cooling
Yes
Lot
1.47 ac
Current owner
From public records · entity-resolved
Bem Properties LLC
Entity
Mailing address
821 WASHINGTON AVE, GREENVILLE, MS 38701-3727
Ownership since
2019
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
Jun 6, 2024
—
Bem Properties LLC
—
Deed
related
$10,000,000 · Riverhills Bank
Feb 27, 2019
—
Bem Properties LLC
Rte Properties LLC
Trustees Deed
$10,000,000 · Riverhills Bk NA
Apr 20, 2018
—
Rte Properties LLC
—
Grant Deed
related
$10,000,000 · Riverhills Bk NA
Dec 19, 2012
—
Robert T Elmore
—
Trustees Deed
related
$683,457 · Riverhills Bank
Apr 6, 2005
—
Rte Properties LLC
Owner,record
Grant Deed
related
—
—
—
Rte Properties LLC
—
Deed Of Trust
related
$742,870 · Community Bank Ms
—
—
Rte Properties LLC
—
Deed Of Trust
related
$683,457 · Riverhills 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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