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Property profile & analytics
FOR SALE
Office Spaces
W Washington St Ridgeland, MS 39157
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US50-0748482
For Sale
1 / 4
Contact for pricing
W Washington St, Ridgeland, MS 39157
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
8,235 SF
Lot
1.65 ac (71,874 SF)
APN
072D-19D-046
UPID
US50-0748482
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
-
Desai Hotel Group Corporate Office
-
Watkins, Ward & Stafford, PLLC Accounting Firm Tax Preparation
-
Desai Companies Holding Company
-
Desai Investment Group Corporate Office Financial Advisor
-
Stork Mental Health & Wellness, LLC Counselor
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
Jogani 2024 INC · 1 yrs held
Jogani 2024 INC
since 2024
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
$29,239
Tax year 2023
Assessed value
$271,334
Assessed 2023
Previous assessed
$271,334
+0.0% YoY
Effective rate
10.78%
On assessed value
Land market value
$287,500
Improvement market value
$1,521,390
Total market value
$1,808,890
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
2007
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
8,235 SF
Lot
1.65 ac (71,874 SF)
APN
072D-19D-046
UPID
US50-0748482
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
2007
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.65 ac
Current owner
From public records · entity-resolved
Jogani 2024 INC
Entity
Mailing address
222 EASTPARK ST, RIDGELAND, MS 39157-2064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Jogani 2024 INC
Ridgeland City Market LLC
Warranty Deed
$3,200,000 · Priorityone Bank
Aug 20, 2019
—
Ridgeland City Market LLC
—
Deed
related
$2,372,124 · Priorityone Bk
Apr 1, 2019
—
Ridgeland City Market LLC
—
Trustees Deed
related
$92,703 · Priorityone Bk
Aug 10, 2018
—
Ridgeland City Market LLC
—
Deed
related
$795,962 · Priorityone Bk
Mar 16, 2018
—
Ridgeland City Market LLC
—
Deed
related
$681,528 · Priorityone Bk
Apr 23, 2004
—
Seid M Ghafarianpoor
Owner,record
Grant Deed
related
—
—
—
Ridgeland City Market LLC
—
Deed Of Trust
related
$2,372,124 · Priorityone Bk
—
—
Ridgeland City Market LLC
—
Deed Of Trust
related
$501,545 · Priorityone Bk
—
—
Ridgeland City Market LLC
—
Deed Of Trust
related
$681,528 · Priorityone Bk
—
—
Ridgeland City Market LLC
—
Deed Of Trust
related
$795,962 · Priorityone Bk
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?”
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