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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Grocery and convenience stores
4390 Lexington Rd Athens, GA 30605-2561
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1592744
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Total area
6,479 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-N
APN
23-4- -024-C
UPID
US22-1592744
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
-
Cardtronics ATM Atm
-
Amoco Gas Station
-
Harry's #35 Grocery & Convenience Store
-
U-Haul Neighborhood Dealer Car Rental Facility
-
RockItCoin Bitcoin ATM Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$865k
Owner & transaction history
Shiv Shanti Athens LLC · 6 yrs held
Shiv Shanti Athens LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-N · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to stabilize, improve and protect the characteristics of those areas providing commercial commodities and services
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
569.95 ac
Source
Realmo
Top alternative use upside
Office building
$830,000
+234.6%
Restaurant
$775,000
+211.0%
Commercial (general)
$705,000
+184.2%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
OFFICE BUILDING
$830,000
Change: +235% · Conversion: Moderate
RESTAURANT
$775,000
Change: +211% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +184% · Conversion: Easy
MEDICAL BUILDING
$555,000
Change: +124% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$134 / 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
$20,962
Tax year 2023
Assessed value
$670,788
Assessed 2023
Previous assessed
$670,788
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$180,830
Assessed improvement
$489,958
Land market value
$452,075
Improvement market value
$1,224,895
Total market value
$1,676,970
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
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Total area
6,479 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-N
APN
23-4- -024-C
UPID
US22-1592744
Jurisdiction
CLARKE
Zoning & alternative use
C-N · Athens, GAZoning C-N · permitted uses
C-N · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to stabilize, improve and protect the characteristics of those areas providing commercial commodities and services
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
569.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$830,000
RESTAURANT
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$705,000
MEDICAL BUILDING
Est. value
$555,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1987
Heating
CENTRAL
Cooling
Yes
Lot
1.07 ac
Current owner
From public records · entity-resolved
Shiv Shanti Athens LLC
Entity
Mailing address
4390 LEXINGTON RD, ATHENS, GA 30605-2561
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2019
$2,200,000
Shiv Shanti Athens LLC
Pb Corp Tn
Grant Deed
$1,760,000 · Bank Of Cleveland
Jul 30, 2009
—
Pb Corp Tn
—
Grant Deed
related
$23,000,000 · Columbus Bank & Trust Co
Sep 27, 2007
—
Pb Corp
—
Deed Of Trust
related
$17,260,000 · Columbus Bank & Trust Co
Feb 20, 2007
—
Pb Corp Tn
P B Corp
Quit Claim Deed
related
$2,800,000 · Afb&t
Jan 9, 2006
—
P B Corp
Athens First Bk & Trust
Quit Claim Deed
related
—
Nov 8, 2005
—
Pb Corp
—
Deed Of Trust
related
$13,781,334 · Columbus Bank & Trust Co
—
—
Pb Corp Tn
—
Deed Of Trust
related
$5,930,441 · Afb&t
—
—
Pb Corp Tn
—
Deed Of Trust
related
$15,770,000 · Afb&t
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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