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Property profile & analytics
OFF-MARKET
Estimated value
$11,905,000
Strip malls
1860 Sandy Plns Rd Marietta, GA 30066-7833
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-0329982
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
72,606 SF
Lot
10.38 ac (452,074 SF)
Zoning code
CRC
APN
16080800730
UPID
US22-0329982
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.91M
Owner & transaction history
New Market-sandy Plains LLC · 9 yrs held
New Market-sandy Plains LLC
since 2016
7 recorded transactions
Zoning & alternative use
CRC · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.5M
+9.7%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,985,000
Current use
MEDICAL BUILDING
$17,535,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$15,970,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$11.91M
Range $10.71M – $13.10M · ±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
$164 / 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
$46,080
Tax year 2023
Assessed value
$5,446,840
Assessed 2023
Previous assessed
$5,160,000
+5.6% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,028,444
Assessed improvement
$2,418,396
Land market value
$7,571,110
Improvement market value
$6,045,990
Total market value
$13,617,100
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Total area
72,606 SF
Lot
10.38 ac (452,074 SF)
Zoning code
CRC
APN
16080800730
UPID
US22-0329982
Jurisdiction
COBB
Zoning & alternative use
CRC · Marietta, GA
Zoning CRC · permitted uses
CRC · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.0M
MEDICAL BUILDING
Est. value
$17.5M
RETAIL STORES
Est. value
$16.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1998
Heating
NONE
Buildings
2
Lot
10.38 ac
Current owner
From public records · entity-resolved
New Market-sandy Plains LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3284 NORTHSIDE PKWY NW STE #515, ATLANTA, GA 30327-2286
Ownership since
2016
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 5, 2025
—
New Market Sandy Plains LLC
—
Deed
related
$640,000,000 · German American Capital Corp
Aug 15, 2016
—
New Market-sandy Plains LLC
Hr Venture Properties I LLC
Quit Claim Deed
related
—
Aug 15, 2016
$15,600,000
New Market-sandy Plains LLC
Hr Venture Properties I LLC
Grant Deed
$9,500,000 · Miscellaneous Ins Co
Jul 22, 2009
—
Wri Hr Venture Props I LLC
Wri Hr Sandy Plains LLC
Quit Claim Deed
related
—
Jul 16, 2009
—
Wri Hr Venture Properties I Ll
Wri Hr Sandy Plains LLC
Quit Claim Deed
related
—
Feb 13, 2009
$12,410,000
Wri Sandy Plains LLC
Wri Sandy Plains LLC
Grant Deed
related
—
Feb 10, 2009
$12,410,000
Wri Hr Sandy Plains LLC
Wri Sandy Plains LLC
Grant 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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