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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Strip malls
21 Isle Of Wight Rd Midway, GA 31320-4511
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2888077
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Total area
6,560 SF
Lot
0.92 ac (40,075 SF)
Zoning code
IC
APN
242B 028
UPID
US22-2888077
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
-
Subway Take-out & Catering
-
Celebrate Beverage Center (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
savannah pizza company Restaurant
-
Dough Bros Pizza Joint Restaurant
-
Devine Fashion’s LLC Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Vr Investments Of Ga LLC · 2 yrs held
Vr Investments Of Ga LLC
since 2024
Last sale
$880,000
7 recorded transactions
Zoning & alternative use
IC · Midway, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$930,000
+156.6%
Restaurant
$735,000
+101.7%
Warehouse, storage
$685,000
+89.2%
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 Midway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midway 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
$880,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Change: +157% · Conversion: Easy
RESTAURANT
$735,000
Change: +102% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +74% · Conversion: Easy
MEDICAL BUILDING
$600,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $880k (Mar 28 2024)
Last sale anchor
$880k
Mar 28 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
$134 / 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
$9,425
Tax year 2023
Assessed value
$244,857
Assessed 2023
Previous assessed
$244,857
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$42,320
Assessed improvement
$202,537
Land market value
$105,800
Improvement market value
$506,343
Total market value
$612,143
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2012
Heating
NONE
Total area
6,560 SF
Lot
0.92 ac (40,075 SF)
Zoning code
IC
APN
242B 028
UPID
US22-2888077
Jurisdiction
LIBERTY
Zoning & alternative use
IC · Midway, GA
Zoning IC · permitted uses
IC · Midway, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$930,000
RESTAURANT
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$630,000
MEDICAL BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RETAIL STORES
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
2012
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Vr Investments Of Ga LLC
Entity
Mailing address
21 ISLE OF WIGHT RD, MIDWAY, GA 31320-4511
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
$880,000
Vr Investments Of Ga LLC
Southeast Georgia Retail Space LLC
Limited Warranty Deed
$630,000 · Southeast Georgia Retail Space
Aug 23, 2013
—
Georgia Retail Space Southeast
Brannen,heather J
Quit Claim Deed
related
—
Aug 22, 2013
—
Georgia Retail Space Southeast
Brannen,heather J
Grant Deed
related
—
Sep 11, 2012
—
Heather J Brannen
—
Trustees Deed
related
$441,084 · Colony Bank
Jun 30, 2009
—
Heather J Brannen
Barry Gorden
Gift Deed
related
—
—
—
Heather J Brannen
—
Deed Of Trust
related
$441,085 · Colony Bank
—
—
Heather Brannen
—
Deed Of Trust
related
$441,085 · Colony 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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