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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Strip malls
2860 Ew Connector Austell, GA 30106-6834
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3881518
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
16,660 SF
Lot
0.94 ac (41,100 SF)
Zoning code
CRC/WS
APN
19078800100
UPID
US22-3881518
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
Scgix-austell Promenade LLC · 8 yrs held
Scgix-austell Promenade LLC
since 2017
5 recorded transactions
Zoning & alternative use
CRC/WS · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+25.4%
Apartment house (5+ units)
$3.6M
+9.1%
Auto repair, garage
$3.3M
+1.6%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$3,265,000
Current use
MEDICAL BUILDING
$4,090,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,560,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,315,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$2,720,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±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
$160 / 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
$40,190
Tax year 2024
Assessed value
$1,333,000
Assessed 2024
Previous assessed
$1,141,020
+16.8% YoY
Effective rate
3.02%
On assessed value
Assessed land
$435,828
Assessed improvement
$897,172
Land market value
$1,089,570
Improvement market value
$2,242,930
Total market value
$3,332,500
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
2007
Heating
NONE
Total area
16,660 SF
Lot
0.94 ac (41,100 SF)
Zoning code
CRC/WS
APN
19078800100
UPID
US22-3881518
Jurisdiction
COBB
Zoning & alternative use
CRC/WS · Austell, GAZoning CRC/WS · permitted uses
CRC/WS · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Lot
0.94 ac
Current owner
From public records · entity-resolved
Scgix-austell Promenade LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3715 NORTHSIDE PKWY NW STE #650, ATLANTA, GA 30327-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Scgix Austell Promenade LLC
—
Deed
related
$2,000,000 · Southern Farm Bureau Life Insurance Comp
Nov 20, 2017
—
Scgix-austell Promenade LLC
Austell Promenade LLC
Quit Claim Deed
related
—
Nov 20, 2017
$3,855,000
Scgix-austell Promenade LLC
Austell Promenade LLC
Grant Deed
related
$17,739,300 · United Cmnty Bk
Sep 6, 2011
$2,500,000
Austell Promenade LLC
Sunrise Investment Prop LLC
Trustees Deed
—
Nov 14, 2008
$3,700,000
Sunrise Investment Prop LLC
Austell Promenade LLC
Grant Deed
$2,700,000 · Austell Promenade LLC
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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