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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Strip malls
10471 Frd Ave Richmond Hill, GA 31324-9028
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-2981877
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
8,509 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CITY
APN
0532 095
UPID
US22-2981877
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
-
The Palm Salon Hair Salon
-
All Things Chocolate & More Restaurant
-
Carol Hartley Artist
-
Twinkle Twinkle Little Shop Discount Store (Bike/Boat/Book/etc) Store
-
Baking & Cooking Club Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Ankit A Patel · 2 yrs held
Ankit A Patel
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
CITY · Richmond Hill, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+94.3%
Restaurant
$1.1M
+83.3%
Auto repair, garage
$880,000
+53.0%
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 Richmond Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond Hill 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
$1,435,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,120,000
Change: +94% · Conversion: Easy
RESTAURANT
$1,055,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$880,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Oct 16 2023)
Last sale anchor
$1.45M
Oct 16 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
$171 / 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
$12,254
Tax year 2023
Assessed value
$359,680
Assessed 2023
Previous assessed
$359,680
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$143,720
Assessed improvement
$215,960
Land market value
$359,300
Improvement market value
$539,900
Total market value
$899,200
Applied tax rate
2.0000
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
2013
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
2
Total area
8,509 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CITY
APN
0532 095
UPID
US22-2981877
Jurisdiction
BRYAN
Zoning & alternative use
CITY · Richmond Hill, GAZoning CITY · permitted uses
CITY · Richmond Hill, 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
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$880,000
COMMERCIAL (GENERAL)
RESTAURANT
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
2013
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ankit A Patel
Individual
Free & Clear · 2 yrs held
Mailing address
10471 FRD AVE, RICHMOND HILL, GA 31324-9028
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Mahadevji Investment LLC
—
Deed
related
$900,000 · Great Oaks Bank
Oct 16, 2023
$1,450,000
Ankit A Patel
Ruby Rose Plaza LLC
Warranty Deed
—
Dec 11, 2012
$405,000
Ruby Rose Plaza LLC
William F Fox
Warranty Deed
—
May 11, 2011
—
Joyce F Flaherty
Joyce F Flaherty
Intrafamily Transfer
related
—
May 2, 2011
—
William F Fox JR
Joyce F Flaherty
Intrafamily Transfer
related
—
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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