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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Grocery and convenience stores
37 Montague St Riceboro, GA 31323
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2346457
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Total area
5,603 SF
Lot
1.91 ac (83,200 SF)
Zoning code
PUD
APN
255 008
UPID
US22-2346457
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Mcdonalds USA LLC · 14 yrs held
Mcdonalds USA LLC
since 2011
2 recorded transactions
Zoning & alternative use
PUD · Riceboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$770,000
+148.6%
Restaurant
$625,000
+101.7%
Warehouse, storage
$585,000
+89.2%
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 Riceboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riceboro 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
COMMERCIAL (GENERAL)
$770,000
Change: +149% · Conversion: Easy
RESTAURANT
$625,000
Change: +102% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$570,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +74% · Conversion: Easy
MEDICAL BUILDING
$510,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$102 / 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
$13,289
Tax year 2023
Assessed value
$314,667
Assessed 2023
Previous assessed
$314,667
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$133,700
Assessed improvement
$180,967
Land market value
$334,250
Improvement market value
$452,417
Total market value
$786,667
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Heating
CENTRAL
Cooling
CENTRAL
Total area
5,603 SF
Lot
1.91 ac (83,200 SF)
Zoning code
PUD
APN
255 008
UPID
US22-2346457
Jurisdiction
LIBERTY
Zoning & alternative use
PUD · Riceboro, GA
Zoning PUD · permitted uses
PUD · Riceboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riceboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$770,000
RESTAURANT
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$570,000
RETAIL STORES
Est. value
$540,000
MEDICAL BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1996
Heating
CENTRAL
Cooling
Yes
Lot
1.91 ac
Current owner
From public records · entity-resolved
Mcdonalds USA LLC
Entity
Free & Clear · 14 yrs held
Mailing address
OAK BROOK, IL 60523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2011
—
Mcdonalds USA LLC
Mcdonalds Corp
Quit Claim Deed
related
—
Aug 30, 2011
—
Mcdonalds USA LLC
Mcdonalds Corp
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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