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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Strip malls
1308 Hogansville Rd Lagrange, GA 30241-6660
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1752082
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1945
Total area
5,500 SF
Lot
0.92 ac (40,075 SF)
Zoning code
16- CR-MX
APN
0501A008003
UPID
US22-1752082
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
-
Kuts By Kim Salon Hair Salon
-
Simpson's Accounting Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Hutchinson Investments LLC · 3 yrs held
Hutchinson Investments LLC
since 2023
Last sale
$616,000
1 recorded transaction
Zoning & alternative use
16- CR-MX · Lagrange, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$820,000
+214.6%
Commercial (general)
$760,000
+191.8%
Restaurant
$635,000
+143.5%
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 Lagrange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lagrange 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
$605,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Change: +215% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: +192% · Conversion: Easy
RESTAURANT
$635,000
Change: +144% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$400,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $616k (May 11 2023)
Last sale anchor
$616k
May 11 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
$111 / 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
$4,336
Tax year 2023
Assessed value
$159,000
Assessed 2023
Previous assessed
$3,752
+4,137.7% YoY
Effective rate
2.73%
On assessed value
Assessed land
$46,000
Assessed improvement
$113,000
Land market value
$115,000
Improvement market value
$282,500
Total market value
$397,500
Applied tax rate
16.0000
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
1945
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
8
Total area
5,500 SF
Lot
0.92 ac (40,075 SF)
Zoning code
16- CR-MX
APN
0501A008003
UPID
US22-1752082
Jurisdiction
TROUP
Zoning & alternative use
16- CR-MX · Lagrange, GAZoning 16- CR-MX · permitted uses
16- CR-MX · Lagrange, 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
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RESTAURANT
Est. value
$635,000
MEDICAL BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RETAIL STORES
Est. value
$400,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
8
Lot
0.92 ac
Current owner
From public records · entity-resolved
Hutchinson Investments LLC
Entity
Mailing address
101 CORPORATE PLZ DR, LAGRANGE, GA 30241-2801
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$616,000
Hutchinson Investments LLC
Thomas J Altiere
Warranty Deed
$420,000 · Southstate Bank
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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