New search
Property profile & analytics
OFF-MARKET
Estimated value
$23,430,000
Community centers
1350 Market Pl Blvd, Cumming, GA 30041-7924
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1737628
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1997
Total area
131,546 SF
Lot
15.29 ac (666,032 SF)
Zoning code
PSC
APN
C30 006
UPID
US22-1737628
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
-
Marshalls Department Store
-
SKECHERS Warehouse Outlet Outlet Store Women'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.43M
CAP Approach
CAP
$32.53M
Comparable Approach
Comparable
$18.89M
Blend (final)
Blend
$23.43M
Owner & transaction history
B33 Cumming Marketplace 2 LLC · 1 yrs held
B33 Cumming Marketplace 2 LLC
since 2024
Last sale
$23.4M
3 recorded transactions
Zoning & alternative use
PSC · Cumming, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.7M
+25.7%
Commercial (general)
$33.6M
+21.7%
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 Cumming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumming 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
$23,430,000
ML approach
$23,430,000
CAP Approach
CAP Return
Estimation
6%
$35,235,000
6.5%
$32,525,000
7%
$30,200,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$27,630,000
Current use
MEDICAL BUILDING
$34,725,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,620,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$23,835,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$23.43M
Range $21.09M – $25.77M · ±10% · vs last sale $23.43M (Jul 22 2024)
Last sale anchor
$23.43M
Jul 22 2024
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
$178 / 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
Tax billed
$150,231
Tax year 2024
Assessed value
$6,126,389
Assessed 2024
Previous assessed
$6,126,389
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$2,262,920
Assessed improvement
$3,863,469
Land market value
$5,657,300
Improvement market value
$9,658,672
Total market value
$15,315,972
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
131,546 SF
Lot
15.29 ac (666,032 SF)
Zoning code
PSC
APN
C30 006
UPID
US22-1737628
Jurisdiction
FORSYTH
Zoning & alternative use
PSC · Cumming, GA
Zoning PSC · permitted uses
PSC · Cumming, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumming. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$27.6M
MEDICAL BUILDING
Est. value
$34.7M
COMMERCIAL (GENERAL)
Est. value
$33.6M
OFFICE BUILDING
Est. value
$23.8M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
15.29 ac
Current owner
From public records · entity-resolved
B33 Cumming Marketplace 2 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1350 MARKET PL BLVD, CUMMING, GA 30041-7924
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
B33 Cumming Marketplace 2 LLC
Cl Marketplace Plaza South 1 Ga LLC
Quit Claim Deed
related
—
Jul 22, 2024
$23,430,000
B33 Cumming Marketplace 2 LLC
Jdn Realty Corp
Warranty Deed
—
Jan 10, 2001
—
Jdn Realty Corp
—
Trustees Deed
related
$175,000,000 · Wachovia Bk/ga
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 1350 Market Pl Blvd?
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.
