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Property profile & analytics
OFF-MARKET
Estimated value
$10,700,000
Community centers
300 Belair Rd, Martinez, GA 30907-9337
Trust Owned
1-yr Hold
Free & Clear
Property ID
US22-3653486
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2015
Total area
41,900 SF
Lot
6.18 ac (269,201 SF)
Zoning code
C-1
APN
074 049E
UPID
US22-3653486
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
$10.70M
CAP Approach
CAP
$7.58M
Comparable Approach
Comparable
$7.93M
Blend (final)
Blend
$10.70M
Owner & transaction history
Walmart Real Estate Business Trust · 1 yrs held
Walmart Real Estate Business Trust
since 2024
Last sale
$10.7M
4 recorded transactions
Zoning & alternative use
C-1 · Martinez, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.2M
+13.2%
Office building
$9.0M
+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
$10,700,000
ML approach
$10,700,000
CAP Approach
CAP Return
Estimation
6%
$8,205,000
6.5%
$7,575,000
7%
$7,035,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,160,000
Current use
RETAIL STORES
$9,235,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$9,035,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$10.70M
Range $9.63M – $11.77M · ±10% · vs last sale $10.70M (Jul 22 2024)
Last sale anchor
$10.70M
Jul 22 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
$255 / 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
$42,069
Tax year 2024
Assessed value
$1,684,640
Assessed 2024
Previous assessed
$1,684,640
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$436,527
Assessed improvement
$1,248,113
Land market value
$1,091,318
Improvement market value
$3,120,282
Total market value
$4,211,600
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
2
Stories
1
Total area
41,900 SF
Lot
6.18 ac (269,201 SF)
Zoning code
C-1
APN
074 049E
UPID
US22-3653486
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
$8.2M
RETAIL STORES
Est. value
$9.2M
OFFICE BUILDING
Est. value
$9.0M
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
2015
Heating
NONE
Stories
1
Buildings
2
Lot
6.18 ac
Current owner
From public records · entity-resolved
Walmart Real Estate Business Trust
Trust
Free & Clear · 1 yrs held
Mailing address
300 S BELAIR RD, AUGUSTA, GA 30907-9337
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$10,700,000
Walmart Real Estate Business Trust
Realty Income Properties 11 LLC
Warranty Deed
—
Jul 5, 2016
$12,685,300
Realty Income Props 11 LLC
Polestar Ga Augusta Belair L
Grant Deed
—
Jul 23, 2014
$2,325,000
Nsg Belair LLC
Warr Family LP Lllp
Warranty Deed
—
Sep 5, 2007
—
Warr Family LP Lllp
Warr Family LP Lllp
Quit Claim Deed
related
—
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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