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    1340 Southlake Pkwy Morrow, GA 30260
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    Property profile & analytics

    1340 Southlake Pkwy, Morrow, GA 30260

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    • Retail space
    • 31,062 SF
    • 7.73 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Renovated Building Near Southlake Mall For Lease
    $14 SF/Yr
    31,062 SF

    Renovated Building Near Southlake Mall

    31,062 SF renovated building near Southlake Mall.

    1340 Southlake Pkwy, Morrow, GA 30260
    View Listing
    Property ID
    US22-4702567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 3D Auto Works / Auto Repair Shop
    • Bargain Plus LLC / Home Appliance Store / Hardware & Home Improvement

    Property Details for 1340 Southlake Pkwy

    Year built
    1993
    Lot size
    7.73 lot acres
    Zone code
    C
    Property type
    Retail space
    APN
    12-112A- A-040
    APU
    12112AA040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2024 — Morrow 1340 LLC Djurdjura LLC Warranty Deed —
    Mar 29, 2018 — Djurdjura LLC Bh Estate LLC Grant Deed · related —
    Jan 30, 2018 — Bh Estate LLC — Loan Modification · related $225M · Wells Fargo Bk
    Nov 26, 2013 — Bh Estate LLC Bh Properties LLC Quit Claim Deed · related —

    Description

    This exceptional retail property, located at 1340 Southlake Pkwy in Morrow, Georgia, offers 31,062 square feet of leasable space in a single-story building. Constructed in 1988 and extensively renovated in 2019, the property is in excellent condition and move-in ready. The building boasts a Class B rating and is situated on a substantial 7.8-acre lot, providing ample space for expansion or additional development. Its strategic location adjacent to Southlake Mall ensures high traffic volume and excellent road and highway visibility, maximizing exposure to potential customers. The property features a high loading dock, making logistics efficient. The zoning designation is BG. An additional approximately 4.6 acres of land is available for sale or ground lease, presenting a unique opportunity to expand the property or develop adjacent land. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a thriving commercial area. The property is located in Clayton County, Georgia, zip code 30260. Utilities include power.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,373,000
      Market price range: $743k - $3.22M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Morrow
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3469
    Latitude
    33.5765
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,514
    $269,520
    $450,480
    $720,000
    -
    $673,800
    $1,126,200
    $1,800,000

    Comparable in this City

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      $855,000
      6,622 SF

      6099 Jonesboro Rd

      RETAIL STORES (PERSONAL SERVICES)
      6099 Jonesboro Rd, Morrow, GA 30260-1106
      View Details
    • Value Estimation
      $2,300,000
      10,304 SF

      5280 Jonesboro Rd

      RETAIL STORES (PERSONAL SERVICES)
      5280 Jonesboro Rd, Morrow, GA 30260-3405
      View Details
    • Value Estimation by Request
      1,719 SF

      1115 Mt Zion Rd

      RETAIL STORES (PERSONAL SERVICES)
      1115 Mt Zion Rd, Morrow, GA 30260-2266
      View Details
    • Value Estimation
      $1,360,000
      11,084 SF

      2350 Lk Harbin Rd

      RETAIL STORES (PERSONAL SERVICES)
      2350 Lk Harbin Rd, Morrow, GA 30260-1908
      View Details
    • Value Estimation by Request
      3,373 SF

      2260 Lk Harbin Rd

      RETAIL STORES (PERSONAL SERVICES)
      2260 Lk Harbin Rd, Morrow, GA 30260-1930
      View Details
    • Value Estimation by Request
      3,182 SF

      2297 Lk Harbin Rd

      RETAIL STORES (PERSONAL SERVICES)
      2297 Lk Harbin Rd, Morrow, GA 30260-1935
      View Details

    Similar Nearby for Sale

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      10,906 SF

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      1,550 SF

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      Morrow Retail Investment Opportunity

      Retail property with long-term lease in high-traffic location.
      1891 Mount Zion Rd, Morrow, GA 30260
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      Commercial Land on Jonesboro Road

      Commercial land with frontage, excellent topo, and redevelopment potential.
      5560 Jonesboro Rd, Morrow, GA 30260
      View Details
    • $280,000
      1,550 SF

      Commercial Opportunity in Growing Area

      Fix-and-flip opportunity in high-visibility, growing commercial area.
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      Morrow Mixed-Use Commercial Property

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    Similar Nearby for Lease

    • $3,800 /Mo
      4,000 SF

      Forest Parkway Commercial Space

      4,000 sq ft commercial space in Morrow, GA for rent.
      1677 Forest Pkwy, Morrow, GA 30260
      View Details
    • Contact for pricing

      Renovated Building Near Southlake Mall

      31,062 SF renovated building near Southlake Mall.
      1340 Southlake Pkwy, Morrow, GA 30260
      View Details
    • Contact for pricing

      Retail Space in Lake City

      Retail leasing opportunity in Lake City, Georgia.
      5656 Jonesboro Rd, Morrow, GA 30260
      View Details
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      Morrow, GA Retail Space

      Shopping center in strong retail market, Morrow, GA.
      1881 Mount Zion Rd, Morrow, GA 30260
      View Details
    • Contact for pricing
      139,264 SF

      Southlake Festival Retail Center

      High-traffic retail space, 8 suites available.
      1516 Southlake Pkwy, Morrow, GA 30260
      View Details
    View Listing
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    Morrow, GA 30260
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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