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Property profile & analytics
FOR LEASE
Strip malls
1985 Mcdonough Rd Hampton, GA 30228
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0638746
For Lease
1 / 34
Contact for pricing
1985 Mcdonough Rd, Hampton, GA 30228
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Property summary
AI-generated overview
This exceptional 28,028 square foot retail strip center, located at 1985 McDonough Rd in Hampton, Georgia (zip code 30228), presents a prime investment opportunity. Classified as a Class B property, the center boasts 16 suites, with 9,000 square feet currently available for lease. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 4,200 square feet, offering flexibility for various retail businesses. The property underwent renovations in 2007 and features ample parking with 100 spaces to accommodate customers and employees. Situated in the thriving Lovejoy submarket of Clayton County, this center benefits from its strategic location within the Hampton/Lovejoy commercial corridor, experiencing significant growth. Its proximity to major retailers such as Walmart Supercenter, Aldi, and Home Depot, as well as the Atlanta Motor Speedway, ensures high visibility and substantial foot traffic. This location is also surrounded by growing residential and commercial developments, promising continued success for tenants. The property's strong location and available space make it an ideal investment for businesses seeking high-traffic exposure in a rapidly expanding market. The address is easily accessible from McDonough Road.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
28,554 SF
Lot
8.13 ac (354,317 SF)
Zoning code
C
APN
06-131D- A-006
UPID
US22-0638746
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
-
Goodwill Donation Center Charitable Organization
-
G G Fish&Chicken Restaurant
-
Boston Fish Supreme Restaurant
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Travel Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$4.37M
Owner & transaction history
Lovejoy Owner LLC · 2 yrs held
Lovejoy Owner LLC
since 2023
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
C · Hampton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+17.1%
Commercial (general)
$4.7M
+16.3%
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 Hampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampton 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
$4,740,000
ML approach
$4,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,035,000
Current use
OFFICE BUILDING
$4,720,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,690,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$3,960,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.37M
Range $3.93M – $4.80M · ±10% · vs last sale $4.15M (Nov 21 2023)
Last sale anchor
$4.15M
Nov 21 2023
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
$153 / 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
$41,771
Tax year 2024
Assessed value
$1,070,720
Assessed 2024
Previous assessed
$1,070,720
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$425,200
Assessed improvement
$645,520
Land market value
$1,063,000
Improvement market value
$1,613,800
Total market value
$2,676,800
Applied tax rate
9.0000
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
For Lease
Year built
2007
Heating
NONE
Total area
28,554 SF
Lot
8.13 ac (354,317 SF)
Zoning code
C
APN
06-131D- A-006
UPID
US22-0638746
Jurisdiction
CLAYTON
Zoning & alternative use
C · Hampton, GAZoning C · permitted uses
C · Hampton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2007
Heating
NONE
Lot
8.13 ac
Current owner
From public records · entity-resolved
Lovejoy Owner LLC
Entity
Mailing address
9777 QUEENS BLVD STE #620, REGO PARK, NY 11374-3334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$4,150,000
Lovejoy Owner LLC
Hmh Properties Limited
Warranty Deed
$2,515,000 · National Cooperative Bank
Jul 3, 2014
$2,550,000
Hmh Properties Ltd
Rl Bb-ga LLC
Grant Deed
—
May 22, 2014
$2,550,000
Hmh Properties Ltd
Rl Bb-ga LLC
Grant Deed
$1,456,000 · Zions First Nat'l Bk
Jan 3, 2012
$2,875,000
Rl Bb-ga LLC
Shoppers World-lovejoy LLC
Trustees Deed
related
—
Nov 9, 2011
$620,400
Shoppers World-lovejoy LLC
Holcombe,phillip D
Quit Claim Deed
related
—
Feb 10, 2011
$517,000
Phillip D Holcombe
Ex-officio Sheriff Tax Commiss
Tax Deed
—
Jan 28, 2004
—
Patel,punam
Sailendra,m
Quit Claim Deed
related
—
—
—
Rl Bb-ga LLC
—
Deed Of Trust
related
$94,654,000 · Rial Series 2014-lt5
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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