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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Strip malls
2084 Rex Rd Morrow, GA 30260-3960
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4732074
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
3,744 SF
Lot
1.83 ac (79,802 SF)
Zoning code
C
APN
12-174D- F-022
UPID
US22-4732074
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
-
Barbering and Beauty Salon Hair Salon Nail Salon
-
Shears Unlimited Hair Salon Nail Salon
-
GldnChld Nail Salon Nail Salon
-
Clayton Coin Laundry & Dry Cleaning (Bike/Boat/Book/etc) Store
-
Sun Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$700k
Owner & transaction history
Odyssey Properties Investments LLC · 2 yrs held
Odyssey Properties Investments LLC
since 2024
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
C · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning
Top alternative use upside
Auto repair, garage
$1.1M
+101.1%
Office building
$620,000
+17.1%
Commercial (general)
$560,000
+5.7%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$560,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$480,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (May 22 2024)
Last sale anchor
$700k
May 22 2024
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
$187 / 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
$11,253
Tax year 2024
Assessed value
$288,440
Assessed 2024
Previous assessed
$291,760
-1.1% YoY
Effective rate
3.90%
On assessed value
Assessed land
$47,880
Assessed improvement
$240,560
Land market value
$119,700
Improvement market value
$601,400
Total market value
$721,100
Applied tax rate
7.0000
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
1986
Heating
NONE
Total area
3,744 SF
Lot
1.83 ac (79,802 SF)
Zoning code
C
APN
12-174D- F-022
UPID
US22-4732074
Jurisdiction
CLAYTON
Zoning & alternative use
C · Morrow, GAZoning C · permitted uses
C · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$560,000
MEDICAL BUILDING
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1986
Heating
NONE
Lot
1.83 ac
Current owner
From public records · entity-resolved
Odyssey Properties Investments LLC
Entity
Mailing address
2176 WORRALL HL DR, DULUTH, GA 30096-1264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$700,000
Odyssey Properties Investments LLC
Lucille Nance Joiner
Warranty Deed
$550,000 · Piedmont Bank
Jul 9, 2015
—
Lucille N Joiner
Joiner Lloyd B
Quit Claim Deed
related
—
—
—
Lloyd B Joiner
—
Deed Of Trust
related
—
—
—
Lloyd B Joiner
—
Deed Of Trust
related
$30,000 · Community Capital Bank
—
—
Clayton Junction
—
Deed Of Trust
related
$51,091 · Community Capital Bank
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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