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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Strip malls
200 Homer Rd Commerce, GA 30529-1845
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-2808654
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
STEEL FRAME
Total area
32,616 SF
Lot
7.17 ac (312,325 SF)
Zoning code
OCR
APN
C15 037
UPID
US22-2808654
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
-
SVDP Thrift Store Commerce, GA Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.21M
Owner & transaction history
North Commerce Properties LLC · 10 yrs held
North Commerce Properties LLC
since 2016
4 recorded transactions
Zoning & alternative use
OCR · Commerce, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 2-210. OCR, Office, Commercial and Residential District. (a) Purpose and intent. The OCR district is intended to accommodate office development and certain low intensity commercial uses as well as detached, single-family residential use at an intensity that is compatible with residential neighborhoods. This district may provide suitable areas for profes…
Zone name
Office Commercial Residential District
General category
COMMERCIAL
Zone area
141.18 ac
Source
Zoning Ordinance
Top alternative use upside
Office building
$3.3M
+70.0%
Restaurant
$3.2M
+65.5%
Auto repair, garage
$3.0M
+56.0%
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
$1,935,000
Current use
OFFICE BUILDING
$3,290,000
Change: +70% · Conversion: Moderate
RESTAURANT
$3,205,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,020,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$2,510,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$2,095,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,635,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±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
$68 / 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
$54,990
Tax year 2023
Assessed value
$1,857,280
Assessed 2023
Previous assessed
$1,857,280
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$1,249,280
Assessed improvement
$608,000
Land market value
$3,123,200
Improvement market value
$1,520,000
Total market value
$4,643,200
Applied tax rate
2.0000
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
32,616 SF
Lot
7.17 ac (312,325 SF)
Zoning code
OCR
APN
C15 037
UPID
US22-2808654
Jurisdiction
JACKSON
Zoning & alternative use
OCR · Commerce, GAZoning OCR · permitted uses
OCR · Commerce, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 2-210. OCR, Office, Commercial and Residential District. (a) Purpose and intent. The OCR district is intended to accommodate office development and certain low intensity commercial uses as well as detached, single-family residential use at an intensity that is compatible with residential neighborhoods. This district may provide suitable areas for professional, medical, and general offices on individual lots and in office parks, institutions on individual lots or in campus environments, institutionalized living and care facilities, and certain related activities. This district is intended to be compatible with and implement the greater downtown, neighborhood retail/service, and institutional campus character areas described in the comprehensive plan. It is also intended to serve as a transitional zoning district between residential and commercial zoning districts. (b) Permitted and conditional uses. Permitted and conditional uses shall be as specified in Table 2-1B, “Use Regulations for Commercial and Industrial Zoning Districts.” (c) Dimensional requirements. Height, setback, lot area, density, intensity, and other requirements for development within the zoning district shall be as specified in Table 2- 2B, “Dimensional Requirements for Commercial and Industrial Zoning Districts.”
Zone name
Office Commercial Residential District
General category
COMMERCIAL
Zone area
141.18 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
7.17 ac
Current owner
From public records · entity-resolved
North Commerce Properties LLC
Entity
Mailing address
PO BOX 699, FOUNTAIN INN, SC 29644-0699
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2016
—
North Commerce Properties LLC
Susan S Small
Warranty Deed
related
$969,000 · Grandsouth Bk
Jan 12, 2004
—
Susan S Small
Small,o J II
Quit Claim Deed
related
—
Jan 12, 2004
$180,000
O J Small II
Ward,j M II
Grant Deed
—
Jul 28, 1999
$1,000
Tom|memp Ward J Parker II
North Commercellc
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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