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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Strip malls
3403 Bemiss Rd Valdosta, GA 31605-7062
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-3188675
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
WOOD
Total area
6,448 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C-C
APN
0108-163
UPID
US22-3188675
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
-
Valdosta Monument Co General Contractor
-
Bailey Monument Company General Contractor
-
Michelle Alden Counseling Service Family Counselor Marriage Or Relationship Counselor
-
J & J Delivered Trucking Company
-
Spectrum Family Care LLC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Royal Square LLC · 4 yrs held
Royal Square LLC
since 2022
Last sale
$951,000
3 recorded transactions
Zoning & alternative use
C-C · Valdosta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Valdosta Land Development Regulations 2 Chapter 202 - Land Use and Zoning General Provisions September 6, 2012 R-P Residential Professional District O-P Office Professional District C-N Neighborhood Commercial District C-C Community Commercial District C-H Highway Commercial District C-D Downtown Commercial District C-A Adult Commercial District M-1 Wholesal…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
693.38 ac
Source
land development regulations
Top alternative use upside
Commercial (general)
$895,000
+198.3%
Restaurant
$860,000
+187.3%
Retail stores
$690,000
+129.7%
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 Valdosta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valdosta 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
$1,110,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$895,000
Change: +198% · Conversion: Easy
RESTAURANT
$860,000
Change: +187% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +130% · Conversion: Easy
MEDICAL BUILDING
$675,000
Change: +125% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +115% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $951k (Mar 21 2022)
Last sale anchor
$951k
Mar 21 2022
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
$155 / 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
$5,755
Tax year 2023
Assessed value
$223,244
Assessed 2023
Previous assessed
$223,244
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$104,880
Assessed improvement
$118,364
Land market value
$262,200
Improvement market value
$295,910
Total market value
$558,110
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,448 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C-C
APN
0108-163
UPID
US22-3188675
Jurisdiction
LOWNDES
Zoning & alternative use
C-C · Valdosta, GAZoning C-C · permitted uses
C-C · Valdosta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Valdosta Land Development Regulations 2 Chapter 202 - Land Use and Zoning General Provisions September 6, 2012 R-P Residential Professional District O-P Office Professional District C-N Neighborhood Commercial District C-C Community Commercial District C-H Highway Commercial District C-D Downtown Commercial District C-A Adult Commercial District M-1 Wholesale/Office Industrial District M-2 Manufacturing/Distribution District Section 202-5
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
693.38 ac
Source
land development regulations
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$860,000
RETAIL STORES
Est. value
$690,000
MEDICAL BUILDING
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Royal Square LLC
Entity
Free & Clear · 4 yrs held
Mailing address
500 E MCPHERSON AVE, NASHVILLE, GA 31639-2255
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Royal Square LLC
—
Deed
related
$4,839,090 · South Georgia Banking
Mar 21, 2022
$951,000
Royal Square LLC
Sibbie K Godfrey
Warranty Deed
—
Jan 15, 2021
—
Sibbie Godfrey
Godfrey Haskell C JR Estate
Warranty 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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