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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Grocery and convenience stores
416 Broad St Monroe, GA 30655-2163
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0364384
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Construction
STEEL FRAME
Total area
17,760 SF
Lot
0.61 ac (26,572 SF)
Zoning code
MIX
APN
M0160-147
UPID
US22-0364384
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
-
Bistro South Restaurant
-
John's Supermarket Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.99M
Owner & transaction history
Green Thumb Dev Group LLC · 7 yrs held
Green Thumb Dev Group LLC
since 2019
7 recorded transactions
Zoning & alternative use
MIX · Monroe, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+30.0%
Restaurant
$2.0M
+12.8%
Medical building
$1.8M
+0.9%
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
RETAIL STORES
$1,780,000
Current use
COMMERCIAL (GENERAL)
$2,315,000
Change: +30% · Conversion: Easy
RESTAURANT
$2,010,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$1,795,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±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
$112 / 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
$14,051
Tax year 2023
Assessed value
$401,880
Assessed 2023
Previous assessed
$401,880
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$23,880
Assessed improvement
$378,000
Land market value
$59,700
Improvement market value
$945,000
Total market value
$1,004,700
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
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
17,760 SF
Lot
0.61 ac (26,572 SF)
Zoning code
MIX
APN
M0160-147
UPID
US22-0364384
Jurisdiction
WALTON
Zoning & alternative use
MIX · Monroe, GA
Zoning MIX · permitted uses
MIX · Monroe, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Green Thumb Dev Group LLC
Entity
Mailing address
412 S BROAD ST, MONROE, GA 30655-2163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Green Thumb Development Group
—
Deed
related
$800,000 · Synovus Bank
Dec 8, 2023
—
Green Thumb Development Group
—
Deed
related
$800,000 · Synovus Bank
Feb 23, 2021
—
Green Thumb Development Group
—
Deed
related
$1,630,000 · Csra Local Development
Nov 1, 2019
—
Green Thumb Dev Group LLC
—
Trustees Deed
related
$1,915,000 · Synovus Bk
Jul 24, 2019
$456,000
Green Thumb Dev Group LLC
Thompson,gregory P
Warranty Deed
—
May 1, 2009
—
Gregory P Thompson
Field,jere D
Quit Claim Deed
related
$208,000 · Afb&t
May 1, 2009
$165,000
Gregory P Thompson
Field,jere D
Warranty Deed
—
Nov 20, 2006
—
Jere D Field
Field,jere & Marsie M
Quit Claim Deed
—
Nov 13, 2006
—
Jere David Field
Field,marsie Moore
Quit Claim Deed
related
—
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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