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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Strip malls
2005 Mt Zion Rd Morrow, GA 30260-3313
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0129500
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
3,000 SF
Lot
0.79 ac (34,412 SF)
Zoning code
MX
APN
12-083B- C-011
UPID
US22-0129500
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
-
Peachtree Med-Morrow Medical Laboratory
-
Peachtree Immediate Care - Morrow Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Jets Associates Ltd · 5 yrs held
Jets Associates Ltd
since 2021
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
MX · Morrow, GA
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$3,095,000
ML approach
$3,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $2.78M (May 25 2021)
Last sale anchor
$2.78M
May 25 2021
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
$985 / 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
$18,233
Tax year 2024
Assessed value
$467,360
Assessed 2024
Previous assessed
$471,600
-0.9% YoY
Effective rate
3.90%
On assessed value
Assessed land
$123,880
Assessed improvement
$343,480
Land market value
$309,700
Improvement market value
$858,700
Total market value
$1,168,400
Applied tax rate
8.0000
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
Total area
3,000 SF
Lot
0.79 ac (34,412 SF)
Zoning code
MX
APN
12-083B- C-011
UPID
US22-0129500
Jurisdiction
CLAYTON
Zoning & alternative use
MX · Morrow, GAZoning MX · permitted uses
MX · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
Jets Associates Ltd
Entity
Mailing address
641 LK DR, VERO BEACH, FL 32963-2166
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 25, 2021
$2,778,500
Jets Associates Ltd
Pop Morrow Cgp LLC
Warranty Deed
$1,900,000 · Wells Fargo
May 10, 2018
$1,600,000
Pop Morrow Cgp LLC
Payless Shoesource INC
Grant Deed
—
Aug 15, 2017
—
Payless Shoesource INC
—
Grant Deed
related
$280,000,000 · Cortland Products Corp
Oct 25, 2012
—
Payless Shoesource INC
—
Deed Of Trust
related
$250,000,000 · Wfb NA
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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