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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2809 N Columbia St Milledgeville, GA 31061
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3401795
For Lease
$25 SF/Yr
2809 N Columbia St, Milledgeville, GA 31061
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Construction
CONCRETE
Total area
107,725 SF
Lot
18.56 ac (808,474 SF)
Zoning code
COMMERCIAL
APN
085 058
UPID
US22-3401795
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
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Kroger Floral (Bike/Boat/Book/etc) Store Florist
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Ria Money Transfer - Kroger Bank Credit Union
-
Thomas Owen Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$12.08M
Owner & transaction history
Georgia Department Of Transportatio · 15 yrs held
Georgia Department Of Transportatio
since 2011
4 recorded transactions
Zoning & alternative use
COMMERCIAL · 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
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
RETAIL STORES
$8,835,000
Current use
OFFICE BUILDING
$7,820,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$12.08M
Range $10.87M – $13.29M · ±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
$112 / 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
$88,876
Tax year 2023
Assessed value
$3,646,932
Assessed 2023
Previous assessed
$3,646,932
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$805,440
Assessed improvement
$2,841,492
Land market value
$2,013,600
Improvement market value
$7,103,730
Total market value
$9,117,330
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2011
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
107,725 SF
Lot
18.56 ac (808,474 SF)
Zoning code
COMMERCIAL
APN
085 058
UPID
US22-3401795
Jurisdiction
BALDWIN
Zoning & alternative use
COMMERCIAL · Milledgeville, GA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.8M
RETAIL STORES Current
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
2011
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
18.56 ac
Current owner
From public records · entity-resolved
Georgia Department Of Transportatio
Entity
Free & Clear · 15 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
—
Marino Equity Partners LLC
—
Deed
related
$1,850,000 · Southstate Bank
May 11, 2011
—
Georgia Department Of Transportatio
Development Authority Of The City O
Deed
—
Nov 5, 2010
$924,500
The Kroger Co
Ned Montgomery Owens
Deed
—
Nov 5, 2010
—
Development Authority Of The City O
Ned Montgomery Owens
Deed
—
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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