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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Strip malls
2423 Lk Harbin Rd Morrow, GA 30260-2024
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1119311
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
6,750 SF
Lot
0.86 ac (37,462 SF)
Zoning code
GB
APN
12-117A- B-004
UPID
US22-1119311
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
-
La Consentida Restaurant
-
K&M Group Insurance Agency
-
Salon de Belleza Latina Hair Salon
-
POWERLIVING (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$918k
Blend (final)
Blend
$795k
Owner & transaction history
Kim Du Liv Tr · 3 yrs held
Kim Du Liv Tr
since 2023
7 recorded transactions
Zoning & alternative use
GB · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning
Top alternative use upside
Office building
$1.1M
+17.1%
Commercial (general)
$1.0M
+5.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Current use
OFFICE BUILDING
$1,115,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,010,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$860,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$118 / 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
$8,800
Tax year 2024
Assessed value
$225,560
Assessed 2024
Previous assessed
$186,160
+21.2% YoY
Effective rate
3.90%
On assessed value
Assessed land
$22,480
Assessed improvement
$203,080
Land market value
$56,200
Improvement market value
$507,700
Total market value
$563,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1994
Heating
NONE
Total area
6,750 SF
Lot
0.86 ac (37,462 SF)
Zoning code
GB
APN
12-117A- B-004
UPID
US22-1119311
Jurisdiction
CLAYTON
Zoning & alternative use
GB · Morrow, GAZoning GB · permitted uses
GB · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$955,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1994
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Kim Du Liv Tr
Individual
Free & Clear · 3 yrs held
Mailing address
444 SCOTT BLVD, FOREST PARK, GA 30297-1212
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
Jan 11, 2023
—
Kim Du Liv Tr
Harbin Place LLC
Warranty Deed
—
Oct 19, 2018
—
Harbin Place LLC
Du,ho
Grant Deed
related
$217,114 · First Ic Bk
Mar 15, 2006
—
Kyu Lee Revocable Living Sern
Lee,sern Kyu
Quit Claim Deed
related
—
Dec 29, 2005
$465,000
Du Ho
D & W Investment Group
Warranty Deed
$350,000 · Southern Cmnty Bk
Feb 25, 2004
$350,000
D & W Inv Gp INC
Peng,vincent T
Warranty Deed
$340,000 · Vincent T Peng
—
—
Kyu Lee Revocable Living Sern
—
Deed Of Trust
related
$55,877 · Southern Community Bank
—
—
Diamond Real Estate Sales
—
Deed Of Trust
related
$161,750 · Southern Community 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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