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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Drug stores
23 Marietta SW Pkwy, Marietta, GA 30064-3288
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1374524
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Total area
16,174 SF
Lot
1.1 ac (47,881 SF)
Zoning code
CBD
APN
16121830330
UPID
US22-1374524
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
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Nirav K. Shah, PharmD Pharmacy
-
COVID-19 Drive-thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Pmg Marietta Parkway LLC · 3 yrs held
Pmg Marietta Parkway LLC
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
CBD · Marietta, 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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$635,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (Feb 21 2023)
Last sale anchor
$650k
Feb 21 2023
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
$40 / 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
$9,912
Tax year 2024
Assessed value
$1,171,676
Assessed 2024
Previous assessed
$1,094,800
+7.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$613,276
Assessed improvement
$558,400
Land market value
$1,533,190
Improvement market value
$1,396,000
Total market value
$2,929,190
Applied tax rate
4.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Heating
NONE
Total area
16,174 SF
Lot
1.1 ac (47,881 SF)
Zoning code
CBD
APN
16121830330
UPID
US22-1374524
Jurisdiction
COBB
Zoning & alternative use
CBD · Marietta, GA
Zoning CBD · permitted uses
CBD · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Pmg Marietta Parkway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
545 S FIGUEROA ST #614, LOS ANGELES, CA 90071-1704
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$650,000
Pmg Marietta Parkway LLC
Cp Thunder Fs LLC
Limited Warranty Deed
—
Jan 19, 2023
$5,850,000
Pmg Marietta Parkway LLC
Cp Thunders Fs LLC
Limited Warranty Deed
$3,250,000 · Second National Bank
Jan 19, 2023
—
Pmg Marietta Parkway LLC
Cp Thunders F5 LLC
Quit Claim Deed
related
—
Sep 22, 2022
$5,529,700
Cp Thunders F5 LLC
Walgreen Co
Limited Warranty Deed
$241,500,000 · Wells Fargo Bank NA
Aug 3, 2005
$4,198,600
Walgreen Co
Maude Development M LLC
Warranty Deed
—
Aug 13, 2004
—
Maude Dev M LLC
Mrs Winners
Quit Claim Deed
related
$3,500,000 · Barrington Bank & Trust Co NA
Aug 13, 2004
$1,980,000
Maude Dev M LLC
Mrs Winners
Grant 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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