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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Grocery and convenience stores
240 Hwy 18, Forsyth, GA 31029
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3558696
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2022
Total area
7,304 SF
Lot
8.05 ac (350,658 SF)
Zoning code
6
APN
054-008
UPID
US22-3558696
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$965k
Owner & transaction history
Quiktrip Corp · 5 yrs held
Quiktrip Corp
since 2021
Last sale
$851,520
5 recorded transactions
Zoning & alternative use
6 · 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
Method
Estimation
Statistic approach
$965,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Change: 0% · Conversion: Moderate
RESTAURANT
$830,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$665,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $852k (Jan 25 2021)
Last sale anchor
$852k
Jan 25 2021
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
$132 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,663
Tax year 2023
Assessed value
$875,160
Assessed 2023
Previous assessed
$875,160
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$322,000
Assessed improvement
$553,160
Land market value
$805,000
Improvement market value
$1,382,900
Total market value
$2,187,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2022
Heating
CENTRAL
Cooling
CENTRAL
Total area
7,304 SF
Lot
8.05 ac (350,658 SF)
Zoning code
6
APN
054-008
UPID
US22-3558696
Jurisdiction
MONROE
Zoning & alternative use
6 · Forsyth, GA
Zoning 6 · permitted uses
6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$890,000
RESTAURANT
Est. value
$830,000
RETAIL STORES
Est. value
$665,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
2022
Heating
CENTRAL
Cooling
Yes
Lot
8.05 ac
Current owner
From public records · entity-resolved
Quiktrip Corp
Entity
Free & Clear · 5 yrs held
Mailing address
4705 S 129TH E AVE, TULSA, OK 74134-7005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 25, 2021
$175,000
Quiktrip Corp
107 Beach Club Partners LLC
Grant Deed
—
Jan 25, 2021
$851,520
Quiktrip Corp
Vernon E JR
Quit Claim Deed
related
—
Jan 25, 2021
$520,000
Quiktrip Corp
Citytec LLC
Quit Claim Deed
related
—
Jan 25, 2021
$350,000
Quiktrip Corp
Dkc Investments LLC
Quit Claim Deed
related
—
Jun 27, 2008
$375,000
Rahim F Kapadia
107 Beach Club Partners Ll
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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