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Property profile & analytics
FOR LEASE
Strip malls
4035 Jonesboro Rd Forest Park, GA 30297
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1377712
For Lease
1 / 9
$1,350/Mo
4035 Jonesboro Rd, Forest Park, GA 30297
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
40,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
C
APN
13-015B- A-001
UPID
US22-1377712
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
-
Mdcustoms Clothing Store
-
Veterans Resource Group Inc Advocacy Group Social Service Agency
-
Coin Cloud Bitcoin ATM Atm Currency Exchange Service
-
A' Loans Loan Service
-
Global Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Wsd Properties LLC · 5 yrs held
Wsd Properties LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
C · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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
$3,785,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,650,000
Current use
MEDICAL BUILDING
$5,105,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±10% · vs last sale $3.40M (Mar 26 2021)
Last sale anchor
$3.40M
Mar 26 2021
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
$90 / 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
$44,497
Tax year 2024
Assessed value
$1,276,240
Assessed 2024
Previous assessed
$1,297,760
-1.7% YoY
Effective rate
3.49%
On assessed value
Assessed land
$177,720
Assessed improvement
$1,098,520
Land market value
$444,300
Improvement market value
$2,746,300
Total market value
$3,190,600
Applied tax rate
3.0000
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
For Lease
Year built
1974
Heating
NONE
Total area
40,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
C
APN
13-015B- A-001
UPID
US22-1377712
Jurisdiction
CLAYTON
Zoning & alternative use
C · Forest Park, GA
Zoning C · permitted uses
C · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1974
Heating
NONE
Lot
3.4 ac
Current owner
From public records · entity-resolved
Wsd Properties LLC
Entity
Mailing address
678 LEXINGTON AVE SW, ATLANTA, GA 30310-3536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 26, 2021
$3,400,000
Wsd Properties LLC
Greater Georgia Local Properties Ll
Warranty Deed
$2,210,000 · Banksouth
Mar 26, 2021
—
Wsd Properties LLC
Sung Din Ma
Limited Warranty Deed
—
Jun 25, 2013
—
Greater Georgia Local Props Ll
Din,sung
Warranty Deed
related
—
Apr 30, 2013
$891,000
Sung D Ma
Ameris Bk
Grant Deed
—
Jan 3, 2012
$1,453,908
Ameris Bk
Peganski,marie A
Trustees Deed
related
—
Feb 10, 2004
$1,350,000
Peganski,marie A
Lai,binh C
Warranty Deed
$1,250,000 · Binh C Lai
—
—
Marie Alice Peganski
—
Deed Of Trust
related
$150,000 · American United Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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