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Property profile & analytics
FOR LEASE
Super regional malls
2137 Highway 155 N McDonough, GA 30252
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1149137
For Lease
1 / 11
$2,000/Mo
2137 Highway 155 N, McDonough, GA 30252
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2007
Construction
WOOD
Total area
6,000 SF
Lot
1.37 ac (59,634 SF)
Zoning code
C1
APN
103-02027001
UPID
US22-1149137
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
East Lake Center LLC · 4 yrs held
East Lake Center LLC
since 2022
4 recorded transactions
Zoning & alternative use
C1 · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Title 17
Top alternative use upside
Retail stores
$1.4M
+62.3%
Commercial (general)
$1.4M
+60.2%
Auto repair, garage
$1.2M
+45.0%
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 McDonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McDonough 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
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Current use
RETAIL STORES
$1,385,000
Change: +62% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,365,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,235,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$142 / 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
$20,686
Tax year 2024
Assessed value
$512,600
Assessed 2024
Previous assessed
$512,600
+0.0% YoY
Effective rate
4.04%
On assessed value
Assessed land
$167,000
Assessed improvement
$345,600
Land market value
$417,500
Improvement market value
$864,000
Total market value
$1,281,500
Applied tax rate
1.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Units
1
Bathrooms
10
Total area
6,000 SF
Lot
1.37 ac (59,634 SF)
Zoning code
C1
APN
103-02027001
UPID
US22-1149137
Jurisdiction
HENRY
Zoning & alternative use
C1 · Mcdonough, GAZoning C1 · permitted uses
C1 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Title 17
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$855,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Units
1
Bathrooms
10
Lot
1.37 ac
Current owner
From public records · entity-resolved
East Lake Center LLC
Entity
Mailing address
PO BOX 4302, ALPHARETTA, GA 30023-4302
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
—
East Lake Center LLC
—
Deed
related
$1,200,000 · Shinhan Bank America
Dec 21, 2017
—
East Lake Center LLC
—
Deed
related
$1,250,000 · Hanmi Bk
—
—
East Lake Center LLC
—
Deed Of Trust
related
$1,750,000 · Pacific City Bank
—
—
East Lake Center LLC
—
Deed Of Trust
related
$1,250,000 · Hanmi Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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