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Property profile & analytics
OFF-MARKET
Estimated value
$6,170,000
Grocery and convenience stores
203 Commerce Ave Lagrange, GA 30241-2358
Entity Owned
19-yr Hold
Free & Clear
Property ID
US22-1080641
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Total area
63,095 SF
Lot
6.27 ac (273,121 SF)
Zoning code
16- CR-MX
APN
0502C006029
UPID
US22-1080641
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
-
Kroger Deli Food Market Restaurant
-
Great Clips Hair Salon Nail Salon
-
La Grange Nail Salon Nail Salon
-
Kroger Floral (Bike/Boat/Book/etc) Store Florist
-
Cato Fashions Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.05M
Blend (final)
Blend
$6.17M
Owner & transaction history
Colekg Lagrange Ga LLC · 19 yrs held
Colekg Lagrange Ga LLC
since 2007
2 recorded transactions
Zoning & alternative use
16- CR-MX · Lagrange, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.7M
+40.7%
Auto repair, garage
$8.3M
+20.9%
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 Lagrange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lagrange 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
RETAIL STORES
$6,880,000
Current use
OFFICE BUILDING
$9,675,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,315,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,200,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.17M
Range $5.55M – $6.79M · ±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
$98 / 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
$65,778
Tax year 2023
Assessed value
$2,414,976
Assessed 2023
Previous assessed
$38,198
+6,222.3% YoY
Effective rate
2.72%
On assessed value
Assessed land
$213,437
Assessed improvement
$2,201,539
Land market value
$533,593
Improvement market value
$5,503,848
Total market value
$6,037,441
Applied tax rate
16.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
63,095 SF
Lot
6.27 ac (273,121 SF)
Zoning code
16- CR-MX
APN
0502C006029
UPID
US22-1080641
Jurisdiction
TROUP
Zoning & alternative use
16- CR-MX · Lagrange, GA
Zoning 16- CR-MX · permitted uses
16- CR-MX · Lagrange, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lagrange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
6.27 ac
Current owner
From public records · entity-resolved
Colekg Lagrange Ga LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2013
—
Spirit Spe Loan Portfol 2013-3
—
Deed Of Trust
related
$102,134,090 · Barclays Bank Plc
Jun 28, 2007
$7,300,000
Colekg Lagrange Ga LLC
Commerce LLC
Grant Deed
—
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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