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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Strip malls
123 Virginia S Ave Tifton, GA 31794-8027
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3112051
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
CONCRETE
Total area
16,500 SF
Lot
1.99 ac (86,684 SF)
APN
T017-045
UPID
US22-3112051
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
-
Royal Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.59M
Owner & transaction history
Ptl Real Estate LLC · 3 yrs held
Ptl Real Estate LLC
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+200.4%
Restaurant
$2.1M
+169.5%
Office building
$1.9M
+145.8%
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 Tifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tifton 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
$1,575,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,355,000
Change: +200% · Conversion: Easy
RESTAURANT
$2,115,000
Change: +170% · Conversion: Difficult
OFFICE BUILDING
$1,930,000
Change: +146% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,770,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$1,545,000
Change: +97% · Conversion: Easy
MEDICAL BUILDING
$1,225,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.59M (Jul 20 2023)
Last sale anchor
$1.59M
Jul 20 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
$96 / 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
$16,586
Tax year 2023
Assessed value
$440,824
Assessed 2023
Previous assessed
$440,824
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$242,715
Assessed improvement
$198,109
Land market value
$606,788
Improvement market value
$495,272
Total market value
$1,102,060
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
1980
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
16,500 SF
Lot
1.99 ac (86,684 SF)
APN
T017-045
UPID
US22-3112051
Jurisdiction
TIFT
Zoning & alternative use
Zoning · permitted uses
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
$2.4M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1980
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
1.99 ac
Current owner
From public records · entity-resolved
Ptl Real Estate LLC
Entity
Mailing address
PO BOX 596, TIFTON, GA 31793-0596
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 20, 2023
$1,590,000
Ptl Real Estate LLC
Eli Erlich
Warranty Deed
—
Jul 10, 2019
$1,290,000
Eli Erlich
Tifton Westgate I LLC
Warranty Deed
$967,500 · Flint Community Bank
Dec 28, 2015
—
Tifton Westgate I LLC
Vanguard Associates Holdin
Warranty Deed
—
Jul 27, 2015
$635,250
Vanguard Associates Holdings L
Wells Fargo Bank
Warranty Deed
—
Jan 6, 2015
$558,000
Wells Fargo Bank NA Trustee
Odyssey Dp Xviii LLC
Foreclosure
related
—
Sep 8, 2006
$1,375,000
Odyssey II Dp Xviii LLC
New Plan Excel Realty Trust
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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