Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Drug stores
1070 Richard D Sailors Pkwy Powder Springs, GA 30127-5221
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-1020469
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Total area
15,035 SF
Lot
2.31 ac (100,623 SF)
Zoning code
CRC
APN
19083000320
UPID
US22-1020469
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Jaime L. Shockley, PharmD Pharmacy
-
Western Union Bank Credit Union
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
$3.26M
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.14M
Owner & transaction history
Gregory S Harrison · 5 yrs held
Gregory S Harrison
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CRC · Powder Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CRC Zoning District is established to accommodate commercial uses serving a citywide or regional market
Zone name
Community Retail Commercial District
General category
COMMERCIAL
Zone area
337.73 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$5.6M
+81.1%
Medical building
$3.7M
+18.5%
Apartment house (5+ units)
$3.2M
+3.1%
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 Powder Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Powder Springs 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
$4,225,000
ML approach
$4,310,000
CAP Approach
CAP Return
Estimation
6%
$3,525,000
6.5%
$3,255,000
7%
$3,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,115,000
Current use
WAREHOUSE, STORAGE
$5,640,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$3,695,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,215,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,990,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,945,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±10% · vs last sale $4.03M (May 3 2021)
Last sale anchor
$4.03M
May 3 2021
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
$275 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$32,562
Tax year 2024
Assessed value
$1,080,000
Assessed 2024
Previous assessed
$1,245,472
-13.3% YoY
Effective rate
3.02%
On assessed value
Assessed land
$862,192
Assessed improvement
$217,808
Land market value
$2,155,480
Improvement market value
$544,520
Total market value
$2,700,000
Applied tax rate
5.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2001
Heating
NONE
Total area
15,035 SF
Lot
2.31 ac (100,623 SF)
Zoning code
CRC
APN
19083000320
UPID
US22-1020469
Jurisdiction
COBB
Zoning & alternative use
CRC · Powder Springs, GAZoning CRC · permitted uses
CRC · Powder Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CRC Zoning District is established to accommodate commercial uses serving a citywide or regional market
Zone name
Community Retail Commercial District
General category
COMMERCIAL
Zone area
337.73 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
NONE
Lot
2.31 ac
Current owner
From public records · entity-resolved
Gregory S Harrison
Individual
Mailing address
1055 E PO BOX 1159TH BLVD STE #310, DEERFIELD, IL 60015-6002
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$4,034,200
Gregory S Harrison
Ns Retail Holdings LLC
Special Warranty Deed
$42,455,040 · Citi Real Estate Funding INC
Jun 29, 2016
—
Capview Income & Value Fund IV
—
Deed
related
$150,000,000 · Bank Of America
Dec 1, 2014
—
Capview Income & Value Fund IV
—
Loan Modification
related
$75,000,000 · Bank Of America
May 23, 2014
$4,332,900
Capview Income
Us R/e LP
Grant Deed
related
—
Feb 26, 2014
$4,332,900
Capview Income & Value Fund IV
Us R/e LP
Grant Deed
related
$25,000,000 · Bank Of America
Apr 1, 2004
$4,360,000
Indigo Dev INC
California Rocky Mtn High Ltd
Grant Deed
—
—
—
Capview Income & Value Fund IV
—
Loan Modification
related
$150,000,000 · Bank Of America
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?”
You own 1070 Richard D Sailors Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
