Back to Search
Property profile & analytics
FOR LEASE
Strip malls
2987 Chapel Hill Rd Douglasville, GA 30135
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1412888
For Lease
1 / 2
$565,000
2987 Chapel Hill Rd, Douglasville, GA 30135
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
4,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
CG
APN
0047-01-5- -00054
UPID
US22-1412888
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
-
Express Alterations (Bike/Boat/Book/etc) Store
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Eric Morante Physician
-
Accel Physical Therapy Medical Clinic
-
Kyle Walker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$565k
Owner & transaction history
Cole Mt Douglasville Ga LLC · 13 yrs held
Cole Mt Douglasville Ga LLC
since 2012
3 recorded transactions
Zoning & alternative use
CG · Douglasville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+87.9%
Retail stores
$695,000
+43.1%
Office building
$600,000
+23.5%
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 Douglasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglasville 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
$485,000
Current use
MEDICAL BUILDING
$915,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$600,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$470,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$135 / 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
$13,958
Tax year 2023
Assessed value
$342,000
Assessed 2023
Previous assessed
$342,000
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$184,960
Assessed improvement
$157,040
Land market value
$462,400
Improvement market value
$392,600
Total market value
$855,000
Applied tax rate
3.0000
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
2006
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
4,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
CG
APN
0047-01-5- -00054
UPID
US22-1412888
Jurisdiction
DOUGLAS
Zoning & alternative use
CG · Douglasville, GA
Zoning CG · permitted uses
CG · Douglasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Douglasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$915,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2006
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
2
Bathrooms
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Cole Mt Douglasville Ga LLC
Entity
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Sep 7, 2012
—
Cole Mt Douglasville Ga LLC
Regency Realty Group INC
Grant Deed
$32,400,000 · Wells Fargo Bank
Dec 7, 2005
$2,250,000
Kohls Department Stores INC
Regency Realty Group INC
Grant Deed
—
Dec 15, 2004
$800,000
Regency Realty Grp INC
Gibbs,h B
Grant 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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
