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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Super regional malls
1883 Jonesboro Rd Mcdonough, GA 30253-6217
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1656726
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2023
Construction
STEEL FRAME
Total area
8,400 SF
Lot
3.26 ac (142,180 SF)
Zoning code
PD
APN
054-01030004
UPID
US22-1656726
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
$1.80M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.80M
Owner & transaction history
Mini Storage Investors LLC · 2 yrs held
Mini Storage Investors LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
PD · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+62.3%
Commercial (general)
$1.9M
+60.4%
Auto repair, garage
$1.7M
+45.0%
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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$2,250,000
6.5%
$2,075,000
7%
$1,930,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Current use
RETAIL STORES
$1,940,000
Change: +62% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,915,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,730,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,345,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Apr 1 2024)
Last sale anchor
$1.80M
Apr 1 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
$214 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,696
Tax year 2024
Assessed value
$426,320
Assessed 2024
Previous assessed
$426,320
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$228,480
Assessed improvement
$197,840
Land market value
$571,200
Improvement market value
$494,600
Total market value
$1,065,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2023
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
18
Total area
8,400 SF
Lot
3.26 ac (142,180 SF)
Zoning code
PD
APN
054-01030004
UPID
US22-1656726
Jurisdiction
HENRY
Zoning & alternative use
PD · Mcdonough, GA
Zoning PD · permitted uses
PD · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2023
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
18
Lot
3.26 ac
Current owner
From public records · entity-resolved
Mini Storage Investors LLC
Entity
Free & Clear · 2 yrs held
Mailing address
JONESBORO RD, GA
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$1,800,000
Mini Storage Investors LLC
Adler Properties LLC
Warranty Deed
—
Nov 2, 2021
—
Somerset Apartments LLC
—
Deed
related
$46,750,000 · Truist Bank
Sep 9, 2021
$61,000,000
1200 Towne Centre Owner LLC
Canyon Springs Apartments LLC
Limited Warranty Deed
—
Jan 13, 2021
$1,359,456
Somerset Apartments LLC
Adler Properties LLC
Grant Deed
—
Jul 10, 2020
—
Canyon Springs Apartments LLC
—
Deed
related
$23,478,271 · Renasant Bk
Oct 17, 2019
$4,325,000
Nightingale Holdings LLC
Adler Properties LLC
Grant Deed
related
$2,780,000 · Other Institutional Lenders
Oct 9, 2019
—
Canyon Springs Apartments LLC
—
Deed Of Trust
related
$21,953,451 · Renasant Bk
Sep 6, 2019
—
Adler Properties LLC
—
Deed
related
$4,500,000 · Banksouth-watkinsville
May 13, 2019
—
Wilson & York Properties INC
—
Deed
related
$2,200,000 · Tiaa Fsb
Mar 27, 2019
$1,311,500
Canyon Springs Apartments LLC
Adler Properties LLC
Grant Deed
—
Jan 3, 2019
—
Adler Properties LLC
Bank South
Quit Claim Deed
related
—
Mar 15, 2018
—
Adler Properties LLC
—
Deed
related
$2,300,000 · Banksouth-watkinsville
Apr 24, 2017
—
Adler Properties LLC
—
Deed
related
—
Jan 28, 2015
$10,412,500
Humphreys Fund LLC
Mcdonough F & D Venture LLC
Grant Deed
related
—
Jan 12, 2015
—
Page Webb LLC
Adler Properties LLC
Quit Claim Deed
related
—
May 6, 2014
$1,862,000
Mcdonough F & D Venture LLC
Adler Properties LLC
Grant Deed
$4,800,000 · State Bk&tr
Dec 30, 2013
$750,000
Autozone Dev Corp
Adler Properties LLC
Grant Deed
—
Jun 11, 2012
$1,450,000
C & P Co LLP
Adler Properties LLC
Grant Deed
$3,450,000 · State Bk&tr/co Springs
Feb 7, 2011
$1,024,500
Three Of Us LLC
Adler Properties LLC
Grant Deed
—
Dec 22, 2009
—
Jonesboro Road Development Jv
Adler Properties LLC
Grant Deed
related
—
Aug 23, 2007
—
Jones Village LLC
Adler Properties LLC
Grant Deed
related
—
Aug 23, 2007
$1,500,000
Jonesboro Road Development Jv
Jones Village LLC
Grant Deed
related
—
—
—
Adler Properties LLC
—
Deed Of Trust
related
$2,300,000 · Banksouth-watkinsville
—
—
Adler Properties LLC
—
Deed Of Trust
related
$7,984,284 · Wachovia Bk/sc
—
—
Adler Properties LLC
—
Loan Modification
related
—
—
—
Adler Properties LLC
—
Loan Modification
related
$13,717,429 · Wells Fargo Bank
—
—
C & P Co LLP
—
Loan Modification
related
$3,036,167 · State Bk&tr
—
—
Canyon Springs Apartments LLC
—
Loan Modification
related
$23,478,271 · Renasant Bk
—
—
Adler Properties LLC
—
Deed Of Trust
related
$4,500,000 · Banksouth-watkinsville
—
—
C & P Co LLP
—
Loan Modification
related
$3,450,000 · State Bank & Trust
—
—
C & P Co LLP
—
Loan Modification
related
$1,500,000 · State Bank & Trust
—
—
Adler Properties LLC
—
Loan Modification
related
—
—
—
Wilson & York Properties INC
—
Deed Of Trust
related
$2,200,000 · Tiaa Fsb
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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