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Property profile & analytics
FOR SALE
Warehouses
2038 Broad St Lumpkin, GA 31815
Individually Owned
3-yr Hold
Free & Clear
Property ID
US22-3537111
For Sale
1 / 10
$349,988
2038 Broad St, Lumpkin, GA 31815
View Listing →
Property summary
AI-generated overview
This 12,780-square-foot former grocery store in Lumpkin, Georgia, presents a unique investment opportunity. Currently configured as an open warehouse space, it includes an office, bathroom, and a loading dock. The property boasts 280 feet of road frontage on Broad Street, benefiting from a high daily traffic count of 1,850 vehicles (per GA DOT data). Ample parking is available. Situated on a 0.89-acre lot, this C-3 commercially zoned property offers significant flexibility. Its adaptable layout is suitable for various uses, including retail, warehouse, or creative space. The building's size and location make it ideal for a single tenant or conversion into a multi-tenant retail establishment. The asking price is $350,000, translating to $27.39 per square foot. This property is centrally located in Lumpkin, GA, at 2038 Broad St, zip code 31815.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
12,780 SF
Lot
0.38 ac (16,553 SF)
Zoning code
COMMERCIAL
APN
LU06 132
UPID
US22-3537111
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
-
JBs Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shanta K Patel · 3 yrs held
Shanta K Patel
since 2022
Last sale
$1,500
3 recorded transactions
Zoning & alternative use
COMMERCIAL · Lumpkin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lumpkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lumpkin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$839
Tax year 2023
Assessed value
$18,200
Assessed 2023
Previous assessed
$18,200
+0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$2,240
Assessed improvement
$15,960
Land market value
$5,600
Improvement market value
$39,900
Total market value
$45,500
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
12,780 SF
Lot
0.38 ac (16,553 SF)
Zoning code
COMMERCIAL
APN
LU06 132
UPID
US22-3537111
Jurisdiction
STEWART
Zoning & alternative use
COMMERCIAL · Lumpkin, GA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Lumpkin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lumpkin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
0.38 ac
Current owner
From public records · entity-resolved
Shanta K Patel
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 105, SYLVESTER, GA 31791-0105
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2022
$1,500
Shanta K Patel
Shanta K Patel
Warranty Deed
related
—
Sep 17, 2022
$1,500
James Betty
Sankabhai M Patel
Warranty Deed
—
Sep 17, 2022
$3,000
James Beatty
Sanjaykumar G Patel
Warranty 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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