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Property profile & analytics
OFF-MARKET
Estimated value
$21,960,000
Super regional malls
240 Peachtree NW St Atlanta, GA 30303-1340
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-0872688
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1961
Total area
112,587 SF
Lot
1.76 ac (76,753 SF)
Zoning code
SPI1
APN
14 007800080018
UPID
US22-0872688
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
-
Mud Pie Clothing Store Baby Clothing Store
-
Cohasset (Bike/Boat/Book/etc) Store
-
ESC and Company Paper Distributor Importer
-
NaturalStar, Inc. (Bike/Boat/Book/etc) Store
-
RAZ Imports (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.96M
Owner & transaction history
Americasmart Real Estate LLC · 11 yrs held
Americasmart Real Estate LLC
since 2014
7 recorded transactions
Zoning & alternative use
SPI1 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,400,000
6.5%
$23,445,000
7%
$21,770,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$30,640,000
Current use
MEDICAL BUILDING
$30,610,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,590,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$26,360,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$25,250,000
Change: -18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$25,100,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$21.96M
Range $19.76M – $24.16M · ±10%
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
$195 / 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
$1,127,520
Tax year 2023
Assessed value
$24,300,000
Assessed 2023
Previous assessed
$24,300,000
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$3,445,120
Assessed improvement
$20,854,880
Land market value
$8,612,800
Improvement market value
$52,137,200
Total market value
$60,750,000
Applied tax rate
5.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1961
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
112,587 SF
Lot
1.76 ac (76,753 SF)
Zoning code
SPI1
APN
14 007800080018
UPID
US22-0872688
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GA
Zoning SPI1 · permitted uses
SPI1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$30.6M
MEDICAL BUILDING
Est. value
$30.6M
AUTO REPAIR, GARAGE
Est. value
$28.6M
OFFICE BUILDING
Est. value
$26.4M
RETAIL STORES
Est. value
$25.3M
INDUSTRIAL (GENERAL)
Est. value
$25.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
1.76 ac
Current owner
From public records · entity-resolved
Americasmart Real Estate LLC
Entity
Free & Clear · 11 yrs held
Mailing address
240 PEACHTREE ST NW STE #2200, ATLANTA, GA 30303-1327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2014
$1,600,000
Americasmart Real Estate LLC
Pfi Properties LLC
Grant Deed
—
Jan 31, 2014
$1,600,000
Pfi Properties LLC
Owens,frank C JR
Grant Deed
—
Oct 7, 2013
—
Pfi Properties LLC
United Methodist Childrens Hm
Quit Claim Deed
related
—
Oct 7, 2013
$1,000,000
Pfi Properties LLC
United Methodist Childrens Hm
Grant Deed
—
Apr 4, 2013
—
Pfi Properties LLC
Peachtree Best LLC
Quit Claim Deed
related
—
Apr 4, 2013
$350,000
Pfi Properties LLC
Peachtree Best LLC
Grant Deed
—
Dec 18, 2012
—
Jmc 197 Spring LLC
Chapman,theodora O
Quit Claim Deed
related
—
—
—
Americasmart Real Estate LLC
—
Deed Of Trust
related
$560,000,000 · Wells Fargo Bank
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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