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Property profile & analytics
OFF-MARKET
Estimated value
$11,255,000
Outlet malls
1585 Scenic N Hwy Snellville, GA 30078-2129
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-4528126
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Total area
66,544 SF
Lot
6.69 ac (291,416 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-056 -076
UPID
US22-4528126
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
$12.12M
CAP Approach
CAP
$11.90M
Comparable Approach
Comparable
$11.45M
Blend (final)
Blend
$11.26M
Owner & transaction history
Snellville Js Venture LLC · 3 yrs held
Snellville Js Venture LLC
since 2023
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
BG-GENERAL BUSINESS · Snellville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.9M
+61.1%
Neighborhood: shopping center
$17.5M
+57.5%
Office building
$11.6M
+3.9%
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 Snellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snellville 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
$11,565,000
ML approach
$12,120,000
CAP Approach
CAP Return
Estimation
6%
$12,885,000
6.5%
$11,895,000
7%
$11,045,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,130,000
Current use
COMMERCIAL (GENERAL)
$17,935,000
Change: +61% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$17,535,000
Change: +58% · Conversion: Moderate
OFFICE BUILDING
$11,565,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,665,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$11.26M
Range $10.13M – $12.38M · ±10% · vs last sale $10.25M (Jun 20 2023)
Last sale anchor
$10.25M
Jun 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
$169 / 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
$109,140
Tax year 2023
Assessed value
$3,400,000
Assessed 2023
Previous assessed
$3,400,000
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$641,600
Assessed improvement
$2,758,400
Land market value
$1,604,000
Improvement market value
$6,896,000
Total market value
$8,500,000
Applied tax rate
10.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
NONE
Stories
1
Total area
66,544 SF
Lot
6.69 ac (291,416 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-056 -076
UPID
US22-4528126
Jurisdiction
GWINNETT
Zoning & alternative use
BG-GENERAL BUSINESS · Snellville, GA
Zoning BG-GENERAL BUSINESS · permitted uses
BG-GENERAL BUSINESS · Snellville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snellville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$17.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.5M
OFFICE BUILDING
Est. value
$11.6M
INDUSTRIAL (GENERAL)
Est. value
$10.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2011
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.69 ac
Current owner
From public records · entity-resolved
Snellville Js Venture LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 449, CONLEY, GA 30288-0449
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
$10,250,000
Snellville Js Venture LLC
Pine21 Sports LLC
Limited Warranty Deed
—
Dec 16, 2021
$10,391,154
Pine21 Sports LLC
Lacsvga LLC
Warranty Deed
—
Apr 9, 2012
$8,000,000
Lacsvga LLC
Academy Ltd
Grant Deed
—
Apr 4, 2012
$8,000,000
Lacsvga LLC
Academy Ltd
Warranty Deed
$6,078,040 · Ladder Capital Finance
Jan 4, 2011
$4,487,500
Academy Ltd
Snellville Hdls & LLC
Grant Deed
—
Feb 8, 2008
—
Snellville Hdls & LLC
Home Depot USA INC
Quit Claim Deed
$11,000,000 · Bank Of America
Feb 8, 2008
$1,139,400
Snellville Hdls & LLC
Home Depot USA INC
Grant Deed
—
Jan 31, 2008
—
Snellville Hdls Plus LLC
Home Depot USA INC
Grant Deed
related
—
Jan 30, 2008
$1,139,389
Snellville Hdls Plus LLC
Home Depot USA INC
Grant Deed
—
—
—
Lacsvga LLC
—
Loan Modification
related
$5,281,000 · Ladder Capital Finance III LLC
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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