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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Strip malls
4150 Jonesboro Rd Forest Park, GA 30297-1080
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0887404
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1967
Total area
14,560 SF
Lot
5.39 ac (234,832 SF)
Zoning code
C
APN
13-015D- C-006
UPID
US22-0887404
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
-
Life ReImagined Ministries Association Or Organization
-
Barbershop Barber Shop
-
Exxtra Nails and Spa Nail Salon
-
Taco velos Restaurant
-
Integrity Trade Services Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
Ethio Real Estate INC · 12 yrs held
Ethio Real Estate INC
since 2013
7 recorded transactions
Zoning & alternative use
C · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+26.6%
Office building
$2.4M
+17.1%
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
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
$2,055,000
Current use
COMMERCIAL (GENERAL)
$2,605,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$2,410,000
Change: +17% · Conversion: Moderate
MEDICAL BUILDING
$1,860,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$140 / 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
$33,167
Tax year 2024
Assessed value
$945,600
Assessed 2024
Previous assessed
$945,600
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$234,840
Assessed improvement
$710,760
Land market value
$587,100
Improvement market value
$1,776,900
Total market value
$2,364,000
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
Off-Market
Year built
1967
Heating
NONE
Total area
14,560 SF
Lot
5.39 ac (234,832 SF)
Zoning code
C
APN
13-015D- C-006
UPID
US22-0887404
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1967
Heating
NONE
Lot
5.39 ac
Current owner
From public records · entity-resolved
Ethio Real Estate INC
Entity
Mailing address
5689 ORCH PL XING SW, LILBURN, GA 30047-6586
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2018
—
Ethio Real Estate INC
—
Deed
related
$920,000 · Metro Cty Bk
Sep 9, 2013
$1,150,000
Ethio Real Estate INC
Metro Cty Bk
Grant Deed
$920,000 · Metro City Bank
Nov 11, 2011
$1,800,000
Metro Cty Bk
Jbl Jonesboro Road LLC
Trustees Deed
related
—
Jan 22, 2007
—
Georgia Department Of Transpor
Jbl Jonesboro Road LLC
Grant Deed
related
—
Mar 24, 2006
$1,967,300
Jbl Jonesboro Road LLC
Ramirez Investments #1 LLC
Grant Deed
$727,963 · Ramirez Investments 1 LLC
—
—
Ethio Real Estate INC
—
Loan Modification
related
$920,000 · Metro Cty Bk
—
—
Jbl Jonesboro Road LLC
—
Deed Of Trust
related
$520,000 · Metro City Bank
—
—
Jbl Jonesboro Road LLC
—
Deed Of Trust
related
$1,140,000 · First Intercontinental 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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