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Property profile & analytics
FOR LEASE
Strip malls
280 S Belair Rd Martinez, GA 30907
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3570694
For Lease
1 / 2
$21 SF/Yr
280 S Belair Rd, Martinez, GA 30907
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
12,800 SF
Lot
1.82 ac (79,279 SF)
Zoning code
C-1
APN
074 049G
UPID
US22-3570694
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
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Py Chan Real Estate LLC · 6 yrs held
Py Chan Real Estate LLC
since 2020
2 recorded transactions
Zoning & alternative use
C-1 · Martinez, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+13.2%
Office building
$2.8M
+10.7%
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 Martinez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinez 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%
$2,505,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,495,000
Current use
RETAIL STORES
$2,820,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$2,760,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$152 / 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
$21,936
Tax year 2024
Assessed value
$878,411
Assessed 2024
Previous assessed
$587,761
+49.5% YoY
Effective rate
2.50%
On assessed value
Assessed land
$139,970
Assessed improvement
$738,441
Land market value
$349,926
Improvement market value
$1,846,103
Total market value
$2,196,029
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
2020
Heating
NONE
Buildings
1
Stories
1
Total area
12,800 SF
Lot
1.82 ac (79,279 SF)
Zoning code
C-1
APN
074 049G
UPID
US22-3570694
Jurisdiction
COLUMBIA
Zoning & alternative use
C-1 · Martinez, GA
Zoning C-1 · permitted uses
C-1 · Martinez, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinez. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE 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
2020
Heating
NONE
Stories
1
Buildings
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Py Chan Real Estate LLC
Entity
Mailing address
229 OLD ML RD, MARTINEZ, GA 30907-9355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2020
—
Py Chan Real Estate LLC
Pui Y Chan
Quit Claim Deed
related
$1,492,067 · Queensborough Nat'l Bk&tr
Feb 8, 2018
$450,000
Pui Y Chan
Polestar Ga Augusta Belair L
Grant Deed
$360,000 · Queensborough Nat'l Bk&tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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