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Property profile & analytics
FOR SALE
Commercial land
250 M.l.k. Jr Blvd Monroe, GA 30655
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2677398
For Sale
$800,000
250 M.l.k. Jr Blvd, Monroe, GA 30655
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.41 ac (366,340 SF)
Zoning code
B3
APN
M0020-001-B
UPID
US22-2677398
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Khmj LLC · 1 yrs held
Khmj LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
B3 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Dec 24 2024)
Last sale anchor
$1.35M
Dec 24 2024
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
—
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
$16,898
Tax year 2023
Assessed value
$483,320
Assessed 2023
Previous assessed
$483,320
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$483,320
Land market value
$1,208,300
Total market value
$1,208,300
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
8.41 ac (366,340 SF)
Zoning code
B3
APN
M0020-001-B
UPID
US22-2677398
Jurisdiction
WALTON
Zoning & alternative use
B3 · Monroe, GA
Zoning B3 · permitted uses
B3 · Monroe, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
8.41 ac
Current owner
From public records · entity-resolved
Khmj LLC
Entity
Mailing address
1005 HIGHGROVE DR, MONROE, GA 30655-7915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Khmj LLC
—
Deed
related
$2,800,000 · New Millennium Bank
Dec 24, 2024
—
Khmj LLC
Hohwan LLC
Quitclaim Deed
related
$280,000 · New Millennium Bank
Oct 21, 2024
—
Hohwan LLC
—
Deed
related
$130,000 · New Millennium Bank
Jun 26, 2024
—
Hohwan LLC
—
Deed
related
$250,000 · New Millennium Bank
Jul 9, 2020
—
Hohwan LLC
—
Deed
related
$1,372,000 · New Millennium Bk
Jun 5, 2020
—
Hohwan LLC
—
Deed
related
$1,370,000 · New Millennium Bk
Jun 29, 2017
$1,350,000
Hohwan LLC
Mft Land Investments LLC
Grant Deed
—
Nov 8, 2016
—
Mft Land Investments LLC
—
Trustees Deed
related
$500,000 · Lori South
Jan 14, 2015
—
Mft Land Investments LLC
Grp Investments LLC
Grant Deed
related
—
Jul 17, 2012
$325,000
Grp Investments LLC
Atlas Ga III Spe LLC
Grant Deed
—
Feb 21, 2012
$1,525,585
Atlas Ga III Spe LLC
Sky Group LLC
Trustees Deed
—
—
—
Hohwan LLC
—
Deed Of Trust
related
$1,370,000 · New Millennium Bk
—
—
Hohwan LLC
—
Deed Of Trust
related
$1,372,000 · New Millennium Bk
—
—
Sky Group LLC
—
Deed Of Trust
related
$1,525,585 · Branch Banking & Trust Co
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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