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Property profile & analytics
OFF-MARKET
Strip malls
216 Steven B Tanger Blvd Commerce, GA 30529-3571
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3230853
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,920 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2
APN
B54D006
UPID
US22-3230853
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
-
Commerce Country Cafe Restaurant
-
Commerce Country Cafe & Gifts Restaurant
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
Banks Crossing Properties LLC · 13 yrs held
Banks Crossing Properties LLC
since 2013
3 recorded transactions
Zoning & alternative use
C2 · Commerce, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 2-212. C-2, General Commercial District. (a) Purpose and intent. The C-2 zoning district is intended to accommodate commercial uses that primarily serve the public traveling by automobile and which benefit from direct access to highways. This district is intended to accommodate a variety of commercial uses that are more intense than neighborhood retail…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,068.69 ac
Source
Zoning Ordinance
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
$9,530
Tax year 2023
Assessed value
$468,224
Assessed 2023
Previous assessed
$468,224
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$196,758
Assessed improvement
$271,466
Land market value
$491,895
Improvement market value
$678,666
Total market value
$1,170,561
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Total area
10,920 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2
APN
B54D006
UPID
US22-3230853
Jurisdiction
BANKS
Zoning & alternative use
C2 · Commerce, GAZoning C2 · permitted uses
C2 · Commerce, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 2-212. C-2, General Commercial District. (a) Purpose and intent. The C-2 zoning district is intended to accommodate commercial uses that primarily serve the public traveling by automobile and which benefit from direct access to highways. This district is intended to accommodate a variety of commercial uses that are more intense than neighborhood retail uses outside of residential areas along arterial streets and highways. Uses permitted in this district may generate odor, dust, noise, vibration, or traffic congestion and such uses are not necessarily conducted within
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,068.69 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Lot
1.49 ac
Current owner
From public records · entity-resolved
Banks Crossing Properties LLC
Entity
Mailing address
260 BLUE HERON DR, COMMERCE, GA 30529-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Mar 6, 2013
$500,000
Banks Crossing Properties LLC
United Community Bank
Warranty Deed
$500,000 · Thomason Samuel K
Apr 3, 2012
$720,000
United Community Bank
Site Investment Partners L
Foreclosure
related
—
Jan 17, 2006
$639,000
Ssi Properties INC
Sonya Rose
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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