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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Grocery and convenience stores
304 Atlanta Rd Cumming, GA 30040-2612
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1172097
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1962
Total area
7,840 SF
Lot
1.38 ac (60,113 SF)
Zoning code
HB
APN
C27 042
UPID
US22-1172097
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
-
Barnett's Super Market Grocery & Convenience Store Food Market
-
Leonards Farmers Market Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Leonard B Barnett · 1 yrs held
Leonard B Barnett
since 2024
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
HB · Cumming, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+215.5%
Commercial (general)
$1.0M
+194.1%
Auto repair, garage
$1.0M
+193.2%
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 Cumming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumming 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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,120,000
Change: +215% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: +194% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,040,000
Change: +193% · Conversion: Difficult
RESTAURANT
$990,000
Change: +179% · Conversion: Easy
INDUSTRIAL (GENERAL)
$655,000
Change: +84% · Conversion: Difficult
WAREHOUSE, STORAGE
$575,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Oct 17 2024)
Last sale anchor
$850k
Oct 17 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
$108 / 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
$6,020
Tax year 2024
Assessed value
$245,500
Assessed 2024
Previous assessed
$245,144
+0.1% YoY
Effective rate
2.45%
On assessed value
Assessed land
$209,760
Assessed improvement
$35,740
Land market value
$524,400
Improvement market value
$89,350
Total market value
$613,750
Applied tax rate
2.0000
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
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
1
Bathrooms
0
Total area
7,840 SF
Lot
1.38 ac (60,113 SF)
Zoning code
HB
APN
C27 042
UPID
US22-1172097
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Cumming, GA
Zoning HB · permitted uses
HB · Cumming, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumming. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$575,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
1.38 ac
Current owner
From public records · entity-resolved
Leonard B Barnett
Individual
Mailing address
PO BOX 1925, CUMMING, GA 30028-1925
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$850,000
Leonard B Barnett
Leonard B Barnett
Deed
$600,000 · Citizens Bank Of Georgia
Aug 17, 2017
$585,000
4110 N Old Atlanta Road LLC
Barnett,leonard B JR
Grant Deed
—
Aug 17, 2017
—
4110 N Old Atlanta Road LLC
Barnett,leonard B JR
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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