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Property profile & analytics
OFF-MARKET
Estimated value
$9,435,000
Strip malls
3240 Cobb SE Dr Smyrna, GA 30080-4194
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1565679
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
61,395 SF
Lot
4.79 ac (208,652 SF)
Zoning code
GC
APN
17038000010
UPID
US22-1565679
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
-
Starbucks Cafe & Coffee Shop
-
Kroger Bakery Bakery Specialty Food Shop
-
Kroger Deli Food Market Restaurant
-
Pet Supplies Plus Smyrna (Bike/Boat/Book/etc) Store Pet Store
-
Kroger Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.44M
Owner & transaction history
Lbx Four Corners LLC · 4 yrs held
Lbx Four Corners LLC
since 2022
7 recorded transactions
Zoning & alternative use
GC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is comprised primarily of existing commercially developed areas within the City of Smyrna. It is the intent in establishing the GC district, to preserve existing commercial areas and encourage the continued concentration of general retail and commercial service activities, including those establishments oriented toward automobile traffic, so…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
717.38 ac
Source
Realmo
Top alternative use upside
Medical building
$15.1M
+25.4%
Retail stores
$14.2M
+18.0%
Auto repair, garage
$12.2M
+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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$12,030,000
Current use
MEDICAL BUILDING
$15,080,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$14,195,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,220,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$11,615,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$9.44M
Range $8.49M – $10.38M · ±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
$154 / 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
$162,686
Tax year 2024
Assessed value
$5,989,920
Assessed 2024
Previous assessed
$5,989,920
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$731,112
Assessed improvement
$5,258,808
Land market value
$1,827,780
Improvement market value
$13,147,020
Total market value
$14,974,800
Applied tax rate
6.0000
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
1971
Heating
NONE
Total area
61,395 SF
Lot
4.79 ac (208,652 SF)
Zoning code
GC
APN
17038000010
UPID
US22-1565679
Jurisdiction
COBB
Zoning & alternative use
GC · Smyrna, GAZoning GC · permitted uses
GC · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is comprised primarily of existing commercially developed areas within the City of Smyrna. It is the intent in establishing the GC district, to preserve existing commercial areas and encourage the continued concentration of general retail and commercial service activities, including those establishments oriented toward automobile traffic, so as to promote the orderly development and economic stability of such areas
Zone name
General Commercial
General category
COMMERCIAL
Zone area
717.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$15.1M
RETAIL STORES
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$12.2M
OFFICE BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1971
Heating
NONE
Lot
4.79 ac
Current owner
From public records · entity-resolved
Lbx Four Corners LLC
Entity
Mailing address
3162 JOHNSON FRY RD #260225, MARIETTA, GA 30062-7604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$18,200,000
Lbx Four Corners LLC
Ip Tl Smyrna LLC
Limited Warranty Deed
$11,525,400 · Ameris Bank
Sep 30, 2015
—
Ip-tl Smyrna LLC
T-l Smyrna LLC
Deed In Lieu Of Foreclosure
related
—
Dec 9, 2010
—
T-l Smyrna LLC
—
Deed Of Trust
related
$1,053,000 · Cole Taylor Bank
Dec 7, 2010
$5,500,000
Kroger Co
T-l Smyrna LLC
Grant Deed
related
—
Dec 6, 2006
$10,500,000
T L Smyrna LLC
Triple N Co INC
Grant Deed
related
—
—
—
T-l Smyrna LLC
—
Deed Of Trust
related
$12,220,462 · Cole Taylor Bank
—
—
Ip-tl Smyrna LLC
—
Deed Of Trust
related
$4,665,600 · A10 Cap
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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