Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Retail properties & Spaces
1300 Southlake Mall Morrow, GA 30260-2326
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-4516801
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1976
Total area
15,627 SF
Lot
15 ac (653,400 SF)
Zoning code
C
APN
12-112A- A-003
UPID
US22-4516801
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.93M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
Clayton County Board Of Education · 4 yrs held
Clayton County Board Of Education
since 2021
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
C · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+300.6%
Auto repair, garage
$4.4M
+154.7%
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$4,900,000
ML approach
$4,930,000
CAP Approach
CAP Return
Estimation
6%
$3,665,000
6.5%
$3,380,000
7%
$3,140,000
Alternative Use
Use
Estimation
RESTAURANT
$6,980,000
Change: +301% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,435,000
Change: +155% · Conversion: Difficult
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.40M (Oct 22 2021)
Last sale anchor
$4.40M
Oct 22 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
$282 / 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
Assessed value
$522,720
Assessed 2024
Previous assessed
$1,760,000
-70.3% YoY
Assessed land
$522,720
Land market value
$1,306,800
Total market value
$1,306,800
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1976
Heating
NONE
Total area
15,627 SF
Lot
15 ac (653,400 SF)
Zoning code
C
APN
12-112A- A-003
UPID
US22-4516801
Jurisdiction
CLAYTON
Zoning & alternative use
C · Morrow, GA
Zoning C · permitted uses
C · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
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
1976
Heating
NONE
Lot
15 ac
Current owner
From public records · entity-resolved
Clayton County Board Of Education
Entity
Mailing address
1058 5TH AVE, JONESBORO, GA 30236-3299
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 22, 2021
$4,400,000
Clayton County Board Of Education
Tf Morrow Ga LLC
Limited Warranty Deed
—
Mar 12, 2019
$3,100,000
Tf Morrow Ga LLC
Src Facilities LLC
Grant Deed
related
$325,000,000 · Jpp LLC
Dec 21, 2011
—
Props Southlake Asherian II
—
Trustees Deed
related
$650,000 · Midtown Bank & Trust Co
—
—
Props Southlake Asherian II
—
Deed Of Trust
related
$1,500,000 · Midtown Bank & Trust Co
—
—
Props Southlake Asherian II
—
Deed Of Trust
related
$2,000,000 · Midtown Bank & Trust Co
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 1300 Southlake Mall?
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.
