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Property profile & analytics
OFF-MARKET
Estimated value
$170,000
Grocery and convenience stores
1604 Limerick Rd Midway, GA 31320-7008
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-3030196
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1977
Total area
4,000 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
260A 163
UPID
US22-3030196
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
-
The Rusty Scissor Hair Salon Hair Salon Nail Salon
-
Lake George Get'n Go Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$170k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$170k
Owner & transaction history
Madhuri M Patel · 2 yrs held
Madhuri M Patel
since 2024
Last sale
$170,000
2 recorded transactions
Zoning & alternative use
C3 · Midway, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district establishes a heavy commercial zone to provide a wide variety of commercial facilities, areas for wholesaling and distribution uses, commercial uses needing access to major highways, and commercial uses utilizing large sites. Temporary residential uses requiring access to major highways, such as RV parks, shall also be permitted in the highway…
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
142.34 ac
Source
Realmo
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 Midway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midway 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
$170,000
ML approach
$170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$170k
Range $153k – $187k · ±10% · vs last sale $170k (Apr 8 2024)
Last sale anchor
$170k
Apr 8 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
$43 / 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
$2,217
Tax year 2023
Assessed value
$52,500
Assessed 2023
Previous assessed
$52,500
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$22,860
Assessed improvement
$29,640
Land market value
$57,150
Improvement market value
$74,101
Total market value
$131,251
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
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1977
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
4,000 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
260A 163
UPID
US22-3030196
Jurisdiction
LIBERTY
Zoning & alternative use
C3 · Midway, GAZoning C3 · permitted uses
C3 · Midway, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district establishes a heavy commercial zone to provide a wide variety of commercial facilities, areas for wholesaling and distribution uses, commercial uses needing access to major highways, and commercial uses utilizing large sites. Temporary residential uses requiring access to major highways, such as RV parks, shall also be permitted in the highway commercial district. Encroachment by residential, industrial or other uses considered capable of adversely affecting the commercial character of the district will be discouraged.
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
142.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Madhuri M Patel
Individual
Free & Clear · 2 yrs held
Mailing address
1604 LIMERICK RD, MIDWAY, GA 31320-7008
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
$170,000
Madhuri M Patel
Randolph Miles
Warranty Deed
—
Jan 14, 2020
—
Randolph Miles
William E Miles
Quit Claim Deed
related
—
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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