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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Outlet malls
11946 Morganton Hwy Morganton, GA 30560
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-2842971
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2013
Construction
CONCRETE
Total area
9,372 SF
Lot
3.59 ac (156,380 SF)
Zoning code
COMMERCIAL
APN
MO01 08201
UPID
US22-2842971
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Fisher Properties 1 LLC · 5 yrs held
Fisher Properties 1 LLC
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
COMMERCIAL · Morganton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+42.3%
Restaurant
$1.2M
+24.0%
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 Morganton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganton 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
$1,265,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$980,000
Current use
COMMERCIAL (GENERAL)
$1,395,000
Change: +42% · Conversion: Easy
RESTAURANT
$1,215,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$820,000
Change: -17% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.18M (Mar 24 2021)
Last sale anchor
$1.18M
Mar 24 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
$131 / 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
$3,405
Tax year 2023
Assessed value
$247,787
Assessed 2023
Previous assessed
$247,787
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$35,252
Assessed improvement
$212,535
Land market value
$88,130
Improvement market value
$531,337
Total market value
$619,467
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2013
Construction
CONCRETE
Heating
NONE
Total area
9,372 SF
Lot
3.59 ac (156,380 SF)
Zoning code
COMMERCIAL
APN
MO01 08201
UPID
US22-2842971
Jurisdiction
FANNIN
Zoning & alternative use
COMMERCIAL · Morganton, GAZoning COMMERCIAL · permitted uses
COMMERCIAL · Morganton, 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
$980,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
Construction
CONCRETE
Heating
NONE
Lot
3.59 ac
Current owner
From public records · entity-resolved
Fisher Properties 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2033 GRANT AVE, WALNUT CREEK, CA 94596-5906
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
$1,181,000
Fisher Properties 1 LLC
Dg4ga LLC
Warranty Deed
—
Oct 13, 2017
$20,000
Curtis Lake Allen
Claude R Merritt
Warranty Deed
—
Oct 7, 2014
—
Claude R Merritt
Sandra M Webb
Quit Claim Deed
related
—
Feb 28, 2014
$1,119,000
Dg4ga LLC
Hibbymo Properties Morgant
Limited Warranty Deed
—
Aug 12, 2013
—
Hibbymo Properties Morganton 2
Hibbymo Properties Morgant
Warranty Deed
—
Aug 9, 2013
$150,000
Hibbymo Properties Morganton L
Sandra M Wwebb
Warranty 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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