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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Grocery and convenience stores
424 Belair Rd Martinez, GA 30907-9601
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4253136
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Construction
CONCRETE
Total area
4,104 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C-2;GEN COMM DISTR
APN
074E077
UPID
US22-4253136
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
$990k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Junior Food Stores Of West Florida · 4 yrs held
Junior Food Stores Of West Florida
since 2021
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
C-2;GEN COMM DISTR · Martinez, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+13.2%
Office building
$885,000
+10.7%
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 Martinez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinez 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
$930,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Current use
RETAIL STORES
$905,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$885,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.00M (Dec 14 2021)
Last sale anchor
$1.00M
Dec 14 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
$239 / 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
$9,497
Tax year 2024
Assessed value
$380,286
Assessed 2024
Previous assessed
$394,206
-3.5% YoY
Effective rate
2.50%
On assessed value
Assessed land
$159,159
Assessed improvement
$221,127
Land market value
$397,897
Improvement market value
$552,818
Total market value
$950,715
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
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
1
Rooms
3
Bathrooms
2
Total area
4,104 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C-2;GEN COMM DISTR
APN
074E077
UPID
US22-4253136
Jurisdiction
COLUMBIA
Zoning & alternative use
C-2;GEN COMM DISTR · Martinez, GA
Zoning C-2;GEN COMM DISTR · permitted uses
C-2;GEN COMM DISTR · Martinez, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinez. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$800,000
RETAIL STORES
Est. value
$905,000
OFFICE BUILDING
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE 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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
1
Rooms
3
Bathrooms
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Junior Food Stores Of West Florida
Individual
Free & Clear · 4 yrs held
Mailing address
165 FLANDERS RD, WESTBOROUGH, MA 01581-1032
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$1,000,000
Junior Food Stores Of West Florida
Sprint Food Stores INC
Warranty Deed
—
Mar 4, 2019
—
Sprint Food Stores INC
—
Grant Deed
related
$39,000,000 · Wells Fargo Bk
Oct 11, 2017
—
Sprint Food Stores INC
—
Grant Deed
related
$10,000,000 · Wells Fargo Bk
Sep 21, 2004
$430,000
Sprint Food Stores INC
Reddy,t R
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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