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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
1650 Athens Hwy Madison, GA 30650-3726
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-3686352
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
9,050 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C2
APN
M04 002
UPID
US22-3686352
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
-
Badcock Home Furniture &more Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$700k
Owner & transaction history
Jmc Thornton Properties LLC · 1 yrs held
Jmc Thornton Properties LLC
since 2024
Last sale
$698,000
6 recorded transactions
Zoning & alternative use
C2 · Madison, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+25.6%
Restaurant
$1.0M
+20.4%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
OFFICE BUILDING
$1,040,000
Change: +26% · Conversion: Easy
RESTAURANT
$1,000,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $698k (Sep 3 2024)
Last sale anchor
$698k
Sep 3 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
$77 / 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
$4,282
Tax year 2023
Assessed value
$182,187
Assessed 2023
Previous assessed
$182,187
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$32,248
Assessed improvement
$149,939
Land market value
$80,620
Improvement market value
$374,848
Total market value
$455,468
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,050 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C2
APN
M04 002
UPID
US22-3686352
Jurisdiction
MORGAN
Zoning & alternative use
C2 · Madison, GA
Zoning C2 · permitted uses
C2 · Madison, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$830,000
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
0.62 ac
Current owner
From public records · entity-resolved
Jmc Thornton Properties LLC
Entity
Mailing address
3406 N VALDOSTA RD, VALDOSTA, GA 31602-1079
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$698,000
Jmc Thornton Properties LLC
Pridefam Business Ventures LLC
Warranty Deed
$478,200 · Bank Of Madison County
Jul 19, 2021
$455,000
Pridefam Business Ventures LLC
Gilemore INC
Warranty Deed
—
Apr 3, 2015
$365,500
Gilemore INC
Decatur Properties V INC
Warranty Deed
$365,500 · South State Bank
Aug 5, 2014
$500,000
Fidelity Bank
Donald Kerr
Foreclosure
related
—
Nov 21, 2007
—
Donald F Kerr
Carol L Kerr
Intrafamily Transfer
related
$602,091 · Bank Of Morgan County
Jan 12, 2005
$495,000
Donald F Kerr
Morgan Capital LLC
Warranty Deed
$304,600 · Bank Of Madison
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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