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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Retail space
2383 Lk Harbin Rd Morrow, GA 30260-1941
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4702166
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
11,200 SF
Lot
2.5 ac (108,900 SF)
Zoning code
GB
APN
12-117A- B-007
UPID
US22-4702166
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.36M
Owner & transaction history
Gipga 2383 Lake Harbin Road LLC · 2 yrs held
Gipga 2383 Lake Harbin Road LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
GB · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+48.3%
Commercial (general)
$1.7M
+33.9%
Neighborhood: shopping center
$1.6M
+26.7%
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$1,480,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,250,000
Current use
OFFICE BUILDING
$1,850,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,670,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.29M (Aug 11 2023)
Last sale anchor
$1.29M
Aug 11 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
$121 / 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
$20,183
Tax year 2024
Assessed value
$517,360
Assessed 2024
Previous assessed
$421,000
+22.9% YoY
Effective rate
3.90%
On assessed value
Assessed land
$196,640
Assessed improvement
$320,720
Land market value
$491,600
Improvement market value
$801,800
Total market value
$1,293,400
Applied tax rate
8.0000
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
1997
Heating
NONE
Total area
11,200 SF
Lot
2.5 ac (108,900 SF)
Zoning code
GB
APN
12-117A- B-007
UPID
US22-4702166
Jurisdiction
CLAYTON
Zoning & alternative use
GB · Morrow, GA
Zoning GB · permitted uses
GB · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
NONE
Lot
2.5 ac
Current owner
From public records · entity-resolved
Gipga 2383 Lake Harbin Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
401 E JACKSON ST STE #3300, TAMPA, FL 33602-5228
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$1,293,355
Gipga 2383 Lake Harbin Road LLC
Modiv INC
Warranty Deed
—
May 2, 2016
$1,455,000
Ru Dollar Tree Morrow Ga LLC
Morrow Sterling LLC
Grant Deed
related
—
May 13, 2015
$1,450,000
Morrow Sterling LLC
Salisbury Family Props LLC
Grant Deed
$950,000 · Wells Fargo Bk
Aug 1, 2014
—
Hud-housing Of Urban Dev
Jp Morgan Chase Bk NA
Grant Deed
related
—
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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