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Property profile & analytics
OFF-MARKET
Office buildings
23 Johnston St, Forsyth, GA 31029-2208
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2239235
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
CONCRETE
Total area
3,906 SF
Lot
0.04 ac (1,742 SF)
Zoning code
1
APN
F26-023
UPID
US22-2239235
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
-
Rose Theater Theater & Performing Art Venue
-
Backlot Players Theater & Performing Art Venue
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
Randall Dennis Properties LLC · 14 yrs held
Randall Dennis Properties LLC
since 2012
5 recorded transactions
Zoning & alternative use
1 · Forsyth, 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 Forsyth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forsyth 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
$2,905
Tax year 2023
Assessed value
$95,360
Assessed 2023
Previous assessed
$95,360
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$4,080
Assessed improvement
$91,280
Land market value
$10,200
Improvement market value
$228,200
Total market value
$238,400
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,906 SF
Lot
0.04 ac (1,742 SF)
Zoning code
1
APN
F26-023
UPID
US22-2239235
Jurisdiction
MONROE
Zoning & alternative use
1 · Forsyth, GA
Zoning 1 · permitted uses
1 · Forsyth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forsyth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Randall Dennis Properties LLC
Entity
Mailing address
205 CONIFER DR, FORSYTH, GA 31029-3001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jan 22, 2020
—
Randall Dennis Properties LLC
—
Deed
related
$216,000 · United Bk
Jun 1, 2012
$240,000
Randall Dennis Properties LLC
Matich,charles S SR
Grant Deed
$219,033 · Monroe Bank
Nov 14, 2006
—
Charles S Matich
Not Provided
Deed
$175,892 · The Farmers Bank
Dec 28, 2005
$75,000
Downtown Development Authority
Nathaniel Freeman
Deed
$85,222 · Monroe County Bank
—
—
Randall Dennis Properties LLC
—
Deed Of Trust
related
$216,000 · United 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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