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Property profile & analytics
OFF-MARKET
Turn key restaurants
899 Church W Rd Southaven, MS 38671-9609
Entity Owned
17-yr Hold
Free & Clear
Property ID
US50-0412788
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Construction
MIXED
Total area
2,330 SF
Lot
0.93 ac (40,351 SF)
Zoning code
PUD
APN
2-08-1-12-14-0-00001-00
UPID
US50-0412788
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
-
Sonic Drive-In Restaurant Take-out & Catering
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
Solberg Properties Gp · 17 yrs held
Solberg Properties Gp
since 2009
1 recorded transaction
Zoning & alternative use
PUD · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the planned unit development district is to provide for the development of planned total communities that provide a full range of residential types as well as certain commercial and office uses designed to serve the inhabitants of the districts consistent with the comprehensive plan
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
7,580.41 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
$14,635
Tax year 2023
Assessed value
$101,097
Assessed 2023
Previous assessed
$101,097
+0.0% YoY
Effective rate
14.48%
On assessed value
Land market value
$324,808
Improvement market value
$349,170
Total market value
$673,978
Applied tax rate
4,401.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2009
Construction
MIXED
Heating
NONE
Stories
1
Total area
2,330 SF
Lot
0.93 ac (40,351 SF)
Zoning code
PUD
APN
2-08-1-12-14-0-00001-00
UPID
US50-0412788
Jurisdiction
DESOTO
Zoning & alternative use
PUD · Southaven, MSZoning PUD · permitted uses
PUD · Southaven, MS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the planned unit development district is to provide for the development of planned total communities that provide a full range of residential types as well as certain commercial and office uses designed to serve the inhabitants of the districts consistent with the comprehensive plan
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
7,580.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Construction
MIXED
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Solberg Properties Gp
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 751510, MEMPHIS, TN 38175-1510
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2009
—
Solberg Properties Gp
Loeb/church Road 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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