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Property profile & analytics
FOR LEASE
Strip malls
2485 N Columbia St, Milledgeville, GA 31061
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-3130044
For Lease
1 / 5
$12 SF/Yr
2485 N Columbia St, Milledgeville, GA 31061
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
FRAME
Total area
136,469 SF
Lot
6.44 ac (280,526 SF)
Zoning code
RESIDENTIAL
APN
M73 002
UPID
US22-3130044
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
-
Buddy's Home Furnishings Interior Design
-
Enterprise Rent-A-Car Car Rental Facility
-
Milly Smoke Bar & Pub (Bike/Boat/Book/etc) Store
-
Liberty Tax Tax Preparation
-
Ronald Ferrell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.87M
Owner & transaction history
Old Capital Square 2485 N Columbia · 4 yrs held
Old Capital Square 2485 N Columbia
since 2021
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
RESIDENTIAL · Milledgeville, 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 Milledgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milledgeville 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
$4,060,000
ML approach
$3,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.87M
Range $3.48M – $4.25M · ±10% · vs last sale $3.85M (Nov 19 2021)
Last sale anchor
$3.85M
Nov 19 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
$28 / 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
$48,536
Tax year 2023
Assessed value
$1,362,232
Assessed 2023
Previous assessed
$1,075,588
+26.6% YoY
Effective rate
3.56%
On assessed value
Assessed land
$154,400
Assessed improvement
$1,207,832
Land market value
$386,000
Improvement market value
$3,019,580
Total market value
$3,405,580
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
12
Stories
1
Total area
136,469 SF
Lot
6.44 ac (280,526 SF)
Zoning code
RESIDENTIAL
APN
M73 002
UPID
US22-3130044
Jurisdiction
BALDWIN
Zoning & alternative use
RESIDENTIAL · Milledgeville, GA
Zoning RESIDENTIAL · permitted uses
RESIDENTIAL · Milledgeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milledgeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
12
Lot
6.44 ac
Current owner
From public records · entity-resolved
Old Capital Square 2485 N Columbia
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 81612, ATLANTA, GA 30366-1612
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
—
Old Capital Square 2485 N Colu
—
Deed
related
$2,800,000 · Standard Insurance
Nov 19, 2021
$3,850,000
Old Capital Square 2485 N Columbia
King Grp Mgmt LLC
Deed
—
Jul 3, 2019
$3,275,000
King Grp Mgmt LLC
Westside Bank
Deed
$3,100,000 · Westside 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.
Try Rey
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