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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Super regional malls
1885 Jonesboro Rd 1889 Mcdonough, GA 30253-6946
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0506524
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2023
Construction
STEEL FRAME
Total area
4,800 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C3
APN
054-01029001
UPID
US22-0506524
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
$1.19M
Comparable Approach
Comparable
by Request
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
C3 · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Title 17
Top alternative use upside
Retail stores
$1.1M
+62.3%
Commercial (general)
$1.1M
+60.4%
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 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%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,110,000
Change: +62% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,095,000
Change: +60% · Conversion: Easy
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
$375 / 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
$25,499
Tax year 2024
Assessed value
$620,720
Assessed 2024
Previous assessed
$620,720
+0.0% YoY
Effective rate
4.11%
On assessed value
Assessed land
$227,200
Assessed improvement
$393,520
Land market value
$568,000
Improvement market value
$983,800
Total market value
$1,551,800
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
Buildings
3
Units
1
Bathrooms
2
Total area
4,800 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C3
APN
054-01029001
UPID
US22-0506524
Jurisdiction
HENRY
Zoning & alternative use
C3 · Mcdonough, GAZoning C3 · permitted uses
C3 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Title 17
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
COMMERCIAL (GENERAL)
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
Buildings
3
Units
1
Bathrooms
2
Lot
2.84 ac
Current owner
From public records · entity-resolved
Mini Storage Investors LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1883 1889, JONESBORO RD, GA
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
16 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
—
May 27, 2021
—
Adler Properties LLC
—
Deed
related
$9,145,740 · Renasant Bank
Jan 5, 2021
—
Adler Properties LLC
—
Deed
related
$5,711,812 · Renasant Bk
Nov 2, 2020
—
Adler Properties LLC
—
Deed
related
$5,739,207 · Renasant Bk
Nov 11, 2019
—
Adler Properties LLC
—
Deed
related
$5,885,210 · Renasant Bk
Jul 31, 2018
—
Adler Properties LLC
Adler Properties LLC
Quit Claim Deed
related
—
Jul 13, 2018
—
Adler Propertiesllc
Bank South
Quit Claim Deed
related
—
May 11, 2018
—
Adler Properties LLC
—
Deed
related
$6,052,890 · Brand Bkng
Sep 28, 2010
$1,600,000
Four D Holdings LLC
Adler Properties LLC
Grant Deed
related
—
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
—
Dec 1, 2004
$2,000,000
Adler Properties LLC
Sembler Family Ptrshp 34 Ltd
Grant Deed
—
—
—
Adler Properties LLC
—
Loan Modification
related
$5,885,210 · Renasant Bk
—
—
Adler Properties LLC
—
Loan Modification
related
$6,052,890 · Brand Bkng
—
—
Adler Properties LLC
—
Loan Modification
related
$5,711,812 · Renasant Bk
—
—
Adler Properties LLC
—
Loan Modification
related
$5,739,207 · Renasant Bk
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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