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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Strip malls
3050 Martin Luther King Jr SW Dr Atlanta, GA 30311-1500
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US22-1529996
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Total area
7,200 SF
Lot
20.71 ac (902,302 SF)
Zoning code
C1C
APN
14 023700020392
UPID
US22-1529996
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
-
Phat Phasuns Inc. Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Tlc Pediatrics LLC · 16 yrs held
Tlc Pediatrics LLC
since 2009
6 recorded transactions
Zoning & alternative use
C1C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+3.3%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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%
$1,625,000
6.5%
$1,500,000
7%
$1,390,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,960,000
Current use
COMMERCIAL (GENERAL)
$2,025,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$1,960,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,830,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$1,685,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,605,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$205 / 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
$222,073
Tax year 2023
Assessed value
$5,364,080
Assessed 2023
Previous assessed
$4,800,000
+11.8% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,025,360
Assessed improvement
$4,338,720
Land market value
$2,563,400
Improvement market value
$10,846,800
Total market value
$13,410,200
Applied tax rate
5.0000
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
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
7,200 SF
Lot
20.71 ac (902,302 SF)
Zoning code
C1C
APN
14 023700020392
UPID
US22-1529996
Jurisdiction
FULTON
Zoning & alternative use
C1C · Atlanta, GA
Zoning C1C · permitted uses
C1C · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1981
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
20.71 ac
Current owner
From public records · entity-resolved
Tlc Pediatrics LLC
Entity
Mailing address
5200 ROSWELL RD, ATLANTA, GA 30342-1915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
—
West Ridge LLC
—
Deed
related
$7,000,000 · Centerstate Bank
Dec 8, 2009
—
Tlc Pediatrics LLC
Freeman,lester A
Quit Claim Deed
$957,600 · Capitol Cty Bk&tr
Oct 30, 2009
—
Tlc Pediatrics LLC
Freeman,lester A
Grant Deed
related
—
May 16, 2008
$255,000
Lester A Freeman
West Ridge LLC
Grant Deed
$191,250 · First City Bank
—
—
Tlc Pediatrics LLC
—
Deed Of Trust
related
$957,600 · Capitol City Bank
—
—
West Ridge LLC
—
Deed Of Trust
related
$12,100,000 · Miscellaneous Ins Co
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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