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Property profile & analytics
OFF-MARKET
Community centers
940 Town And Country Dr Southaven, MS 38671-1515
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US50-0417007
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Construction
CONCRETE
Total area
3,786 SF
Lot
0.3 ac (13,005 SF)
Zoning code
C-3
APN
1-08-6-13-03-0-00003-00
UPID
US50-0417007
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
-
Classic Kitchens LLC Hardware & Home Improvement Kitchen & Bath Showroom
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
Jeff Reed · 19 yrs held
Jeff Reed
since 2006
2 recorded transactions
Zoning & alternative use
C-3 · Southaven, MS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-3 general commercial district is to protect and improve older business districts in established communities. No areas other than those located within these designated areas should be rezoned to this district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
459.62 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
$2,440
Tax year 2023
Assessed value
$16,747
Assessed 2023
Previous assessed
$16,747
+0.0% YoY
Effective rate
14.57%
On assessed value
Land market value
$35,595
Improvement market value
$76,052
Total market value
$111,647
Applied tax rate
3,400.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Construction
CONCRETE
Heating
NONE
Total area
3,786 SF
Lot
0.3 ac (13,005 SF)
Zoning code
C-3
APN
1-08-6-13-03-0-00003-00
UPID
US50-0417007
Jurisdiction
DESOTO
Zoning & alternative use
C-3 · Southaven, MSZoning C-3 · permitted uses
C-3 · 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 C-3 general commercial district is to protect and improve older business districts in established communities. No areas other than those located within these designated areas should be rezoned to this district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
459.62 ac
Source
Realmo
Building & site characteristics
From public records
Construction
CONCRETE
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jeff Reed
Individual
Free & Clear · 19 yrs held
Mailing address
6564 CHURCH RD, WALLS, MS 38680-9472
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2006
—
Jeff Reed
Ervin R Bennett
Re-recorded Document
related
—
Sep 5, 2006
—
Jeff Reed
Ervin R Bennett
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.
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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