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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Strip malls
1021 Jamestown Blvd Watkinsville, GA 30677-4139
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1151102
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
33,131 SF
Lot
4.37 ac (190,357 SF)
Zoning code
B-2
APN
B-06P-001
UPID
US22-1151102
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
-
Rachel's Southern Style Restaurant Restaurant
-
St. Mary’s Home Health and Hospice Home Health Care Service Hospice
-
Marco's Pizza Restaurant
-
Life Change Fitness Gym & Fitness Center
-
Hhc Hospice Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$4.21M
Owner & transaction history
Mlkb II LLC · 5 yrs held
Mlkb II LLC
since 2021
5 recorded transactions
Zoning & alternative use
B-2 · Watkinsville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+4.2%
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 Watkinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watkinsville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,695,000
Current use
OFFICE BUILDING
$5,930,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±10%
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
$127 / 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
$34,058
Tax year 2023
Assessed value
$1,587,474
Assessed 2023
Previous assessed
$1,587,474
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$540,788
Assessed improvement
$1,046,686
Land market value
$1,351,969
Improvement market value
$2,616,714
Total market value
$3,968,683
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
FLOOR FURNACE
Stories
1
Total area
33,131 SF
Lot
4.37 ac (190,357 SF)
Zoning code
B-2
APN
B-06P-001
UPID
US22-1151102
Jurisdiction
OCONEE
Zoning & alternative use
B-2 · Watkinsville, GA
Zoning B-2 · permitted uses
B-2 · Watkinsville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watkinsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
2006
Construction
CONCRETE
Heating
FLOOR FURNACE
Stories
1
Lot
4.37 ac
Current owner
From public records · entity-resolved
Mlkb II LLC
Entity
Mailing address
5043 PARK VALE DR, SUGAR HILL, GA 30518-4684
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Mlkb2 LLC
—
Deed
related
$1,571,430 · Commercial Bank
Jan 22, 2021
$400,000
Mlkb II LLC
Prince Avenue Baptist Church
Grant Deed
$320,000 · Commercial Bk
Jan 30, 2020
—
K & B Management INC
—
Deed
related
$2,600,000 · Bank Of Hope
—
—
K & B Management INC
—
Deed Of Trust
related
$2,600,000 · Bank Of Hope
—
—
K & B Management INC
—
Loan Modification
related
$500,000 · First American 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.
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