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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Strip malls
3400 Around Lenox NE Rd Atlanta, GA 30326-1408
Individually Owned
12-yr Hold
Free & Clear
Property ID
US22-2174366
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
14,736 SF
Lot
5.91 ac (257,440 SF)
Zoning code
C3C
APN
17 0045 LL0762
UPID
US22-2174366
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
-
Johnny Was Clothing & Fashion Store
-
Flower Child Restaurant
-
Indochino Clothing & Fashion Store
-
EVEREVE Clothing & Fashion Store
-
BB&T Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Rar2-shops Around Lenox Qrs Ll · 12 yrs held
Rar2-shops Around Lenox Qrs Ll
since 2013
3 recorded transactions
Zoning & alternative use
C3C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+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%
$3,325,000
6.5%
$3,070,000
7%
$2,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,010,000
Current use
COMMERCIAL (GENERAL)
$4,140,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$4,005,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,740,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$3,450,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$3,305,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±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
$201 / 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
$772,560
Tax year 2023
Assessed value
$17,400,000
Assessed 2023
Previous assessed
$17,400,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$6,000,000
Assessed improvement
$11,400,000
Land market value
$15,000,000
Improvement market value
$28,500,000
Total market value
$43,500,000
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
1975
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
14,736 SF
Lot
5.91 ac (257,440 SF)
Zoning code
C3C
APN
17 0045 LL0762
UPID
US22-2174366
Jurisdiction
FULTON
Zoning & alternative use
C3C · Atlanta, GA
Zoning C3C · permitted uses
C3C · 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
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1975
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
5.91 ac
Current owner
From public records · entity-resolved
Rar2-shops Around Lenox Qrs Ll
Individual
Free & Clear · 12 yrs held
Mailing address
3414 PEACHTREE RD NE STE #950, ATLANTA, GA 30326-1166
Ownership since
2013
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
Dec 30, 2013
—
Rar2-shops Around Lenox Qrs Ll
Shops Around Lenox LLC
Quit Claim Deed
related
—
Dec 30, 2013
$71,750,000
Rar2-shops Around Lenox Qrs Ll
Shops Around Lenox LLC
Grant Deed
related
—
Jun 30, 2009
$23,474,048
Shops Around Lenox LLC
Ag Midland Lenox LLC
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.
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