175 Grandview BlvdMadison, MS 39110

Property Details for 175 Grandview Blvd

Year built

2012

Lot size

6.94 AC

Property size (Sq ft)

85,526 SF

Property type

Super regional malls

APN

072C-07C-002/01

APU

072C07C00201

Description

The Forum at Grandview, a prominent 216,144 square foot commercial shopping center in Madison, Mississippi, offers exceptional retail space. Located at 175 Grandview Blvd, 39110, this multi-tenant property boasts high visibility from Interstate 55 and is anchored by major national retailers including Dick's Sporting Goods, Home Goods, Best Buy, Michaels, Petco, and ULTA. The center is situated within a thriving retail corridor, adjacent to Wal-Mart, Sam's Club, Malco Theaters, and Miskelly Furniture, ensuring high foot traffic and brand synergy. Two spaces are currently available, ranging from 1,500 to 139,609 square feet, providing flexibility for various retail concepts. The property sits on a 24.86-acre lot, including approximately 8 acres of developable outparcels, presenting significant expansion opportunities. Madison, MS, exhibits robust growth, with a 2.6% annual rate and the highest average household income in Mississippi at $122,000, making it an attractive market for businesses. This prime retail location offers a unique opportunity to establish or expand a retail presence in a high-demand area. The minimum divisible space is 1,500 square feet, and the total number of suites is 21. Currently, 1,500 square feet of space is vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $18,114,724

  6.5%

  $16,721,283

  7%

  $15,526,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,440,478

  Geo Method

  $42,040,408

• Alternative Use

  Use

  Valuation

  Residential

  $14,105,028

  Hospitality

  $12,920,130

  Educational

  $10,749,396

  Medical

  $11,119,084

  Retail

  $16,721,283

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4643

Longitude

-90.1348

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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