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Property profile & analytics
OFF-MARKET
Retail space
224 Hammond Dr, Monroe, GA 30655-2475
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0938270
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
WOOD
Total area
2,160 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B1
APN
M0110-192
UPID
US22-0938270
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
-
Marlows Southern Development Construction Company
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
Michael M Weathers · 2 yrs held
Michael M Weathers
since 2023
Last sale
$80,000
3 recorded transactions
Zoning & alternative use
B1 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$2,112
Tax year 2023
Assessed value
$60,400
Assessed 2023
Previous assessed
$60,400
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$26,840
Assessed improvement
$33,560
Land market value
$67,100
Improvement market value
$83,900
Total market value
$151,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,160 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B1
APN
M0110-192
UPID
US22-0938270
Jurisdiction
WALTON
Zoning & alternative use
B1 · Monroe, GA
Zoning B1 · permitted uses
B1 · Monroe, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Michael M Weathers
Individual
Mailing address
224 N HAMMOND DR, MONROE, GA 30655-2475
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 24, 2023
$80,000
Michael M Weathers
Mary W Kyne
Limited Warranty Deed
—
Sep 14, 2007
$137,500
Mary W Kyne
Thompson,dana
Grant Deed
—
—
—
Mary W Kyne
—
Deed Of Trust
related
$101,500 · Thompson Dana
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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