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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Retail space
1595 Bankhead Hwy, Carrollton, GA 30116-6153
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0456981
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
STEEL FRAME
Total area
9,946 SF
Lot
2.58 ac (112,385 SF)
Zoning code
C2
APN
C05-031-0023
UPID
US22-0456981
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
-
Bankhead Beverage Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$3.70M
Owner & transaction history
Armit INC · 5 yrs held
Armit INC
since 2021
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
C2 · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+160.4%
Medical building
$4.3M
+128.3%
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 Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton 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
$3,765,000
ML approach
$3,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,870,000
Change: +160% · Conversion: Easy
MEDICAL BUILDING
$4,270,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.60M (Jun 2 2021)
Last sale anchor
$3.60M
Jun 2 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
$372 / 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
$17,041
Tax year 2023
Assessed value
$583,811
Assessed 2023
Previous assessed
$517,772
+12.8% YoY
Effective rate
2.92%
On assessed value
Assessed land
$309,600
Assessed improvement
$274,211
Land market value
$774,000
Improvement market value
$685,527
Total market value
$1,459,527
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
9,946 SF
Lot
2.58 ac (112,385 SF)
Zoning code
C2
APN
C05-031-0023
UPID
US22-0456981
Jurisdiction
CARROLL
Zoning & alternative use
C2 · Carrollton, GA
Zoning C2 · permitted uses
C2 · Carrollton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carrollton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.3M
RESTAURANT
MEDICAL 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
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
2.58 ac
Current owner
From public records · entity-resolved
Armit INC
Entity
Mailing address
913 CTR BAY DR, VILLA RICA, GA 30180-5148
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$3,600,000
Armit INC
Glw Bankhead INC
Warranty Deed
$5,000,000 · Metro City Bank
Dec 29, 2017
—
Cjj Bankhead LLC
Noa Bk
Quit Claim Deed
related
—
Dec 6, 2017
—
Glw Bankhead INC
Cjj Bankhead LLC
Quit Claim Deed
related
$3,425,000 · First Ic Bk
May 20, 2008
$1,600,000
Cjj Bankhead LLC
Scotch & Soda LLC
Deed Of Trust
related
$1,977,000 · Hanmi Bank
Apr 29, 2008
$1,600,000
Cjj Bankhead LLC
Scotch Soda LLC
Grant Deed
related
—
—
—
Cjj Bankhead LLC
—
Deed Of Trust
related
$1,977,000 · Hanmi Bank
—
—
Cjj Bankhead LLC
—
Deed Of Trust
related
$2,300,000 · Noa 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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