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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Outlet malls
18 Madison Way Ellerslie, GA 31807-5668
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-3309930
Property summary
AI-generated overview
This exceptional 3.87-acre commercial land parcel is situated adjacent to 18 Madison Way in Ellerslie, Georgia, within the Columbus MSA. The property boasts a highly desirable C-4, Highway Commercial District zoning, allowing for diverse development options including self-storage, retail, banking, restaurants, offices, and hotels. Located behind a Dollar General, this site benefits from excellent visibility and access from both Madison Way and Alt-27/Hwy-85, experiencing approximately 6,167 vehicles per day. The strong demographics of the area are a significant advantage, with a population of approximately 10,775 residents and an average annual household income of $116,861 within a 5-mile radius. This area shows promising growth projections, with a 2.4% population increase from 2020-2024 and an anticipated 10.99% growth from 2024-2029. This is a fee simple ownership opportunity. This property is being offered via an absolute $1 auction with no reserve. The auction will take place November 4-6, 2024. This presents a unique chance for developers to capitalize on a prime location in a thriving market. The property's strategic location and zoning flexibility make it an ideal investment for various commercial ventures.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2013
Construction
STEEL FRAME
Total area
9,090 SF
Lot
1.56 ac (67,954 SF)
Zoning code
2
APN
081 133
UPID
US22-3309930
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.66M
Owner & transaction history
Mdc Coast 20 LLC · 6 yrs held
Mdc Coast 20 LLC
since 2019
4 recorded transactions
Zoning & alternative use
2 · Ellerslie, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+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 Ellerslie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellerslie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,705,000
7%
$1,580,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +4% · Conversion: Easy
RESTAURANT
$1,025,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10%
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
$182 / 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
$14,478
Tax year 2023
Assessed value
$538,088
Assessed 2023
Previous assessed
$538,088
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$74,880
Assessed improvement
$463,208
Land market value
$187,200
Improvement market value
$1,158,019
Total market value
$1,345,219
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,090 SF
Lot
1.56 ac (67,954 SF)
Zoning code
2
APN
081 133
UPID
US22-3309930
Jurisdiction
HARRIS
Zoning & alternative use
2 · Ellerslie, GA
Zoning 2 · permitted uses
2 · Ellerslie, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellerslie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2013
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1.56 ac
Current owner
From public records · entity-resolved
Mdc Coast 20 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
$1,418,338
Mdc Coast 20 LLC
Cole Dg Ellerslie Ga LLC
Warranty Deed
—
May 10, 2010
$567,868
F & M Bank & Trust Company
W L Willett
Foreclosure
related
—
Feb 20, 2009
$45,000
Bobby A Scott
W L Willett
Deed
—
Jan 7, 2005
$601,960
W L Willett
Joe Moon Ashby
Warranty Deed
—
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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