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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Outlet malls
102 Lonnie Ln Americus, GA 31709-4985
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3612384
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
WOOD FRAME
Total area
8,712 SF
Lot
0.56 ac (24,394 SF)
Zoning code
2
APN
33A 7
UPID
US22-3612384
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
-
Madrazo Nelson T MD Pediatrician Medical Clinic
-
Ho & Associates Pediatrics Pediatrician Medical Clinic
-
Westover Outdoor Power Equipment (Bike/Boat/Book/etc) Store Garden Center
-
Ruby Tuesday Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$670k
Owner & transaction history
R & O Enterprises LLC · 3 yrs held
R & O Enterprises LLC
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
2 · Americus, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$905,000
+58.9%
Office building
$845,000
+48.2%
Medical building
$735,000
+29.1%
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 Americus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Americus 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
Method
Estimation
Statistic approach
$690,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
RESTAURANT
$905,000
Change: +59% · Conversion: Easy
OFFICE BUILDING
$845,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $600k (Jul 6 2023)
Last sale anchor
$600k
Jul 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$77 / SF
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
$6,794
Tax year 2023
Assessed value
$154,000
Assessed 2023
Previous assessed
$154,000
+0.0% YoY
Effective rate
4.41%
On assessed value
Assessed land
$70,240
Assessed improvement
$83,760
Land market value
$175,600
Improvement market value
$209,400
Total market value
$385,000
Applied tax rate
16.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
8,712 SF
Lot
0.56 ac (24,394 SF)
Zoning code
2
APN
33A 7
UPID
US22-3612384
Jurisdiction
SUMTER
Zoning & alternative use
2 · Americus, GAZoning 2 · permitted uses
2 · Americus, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$570,000
RESTAURANT
Est. value
$905,000
OFFICE BUILDING
Est. value
$845,000
MEDICAL BUILDING
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
R & O Enterprises LLC
Entity
Mailing address
500 S WESTOVER BLVD, ALBANY, GA 31707-4613
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$600,000
R & O Enterprises LLC
Westover Lawn & Garden Properties L
Warranty Deed
$1,800,000 · Westover Lawn And Garden Properties
Jul 18, 2018
$2,000,000
Henshaw Consulting LLC
Lee Hud Preservation LLC
Limited Warranty Deed
—
Dec 21, 2017
$690,558
National Retail Properties LP
Ruby Tuesday INC
Warranty Deed
—
Apr 5, 2016
$441,400
Westover Lawn
Trustmark National Bank
Foreclosure
related
$246,340 · First State Bank Of Blakely
Sep 28, 2006
$385,000
Ruby Tuesday INC
Nelson T Madrazo
Deed
—
Sep 20, 2006
$40,000
Ruby Tuesday INC
Jer Jameson Properties LLC
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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