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Property profile & analytics
FOR LEASE
Strip malls
45 Enterprise Path Hiram, GA 30141
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-1923247
For Lease
1 / 3
$505,000
45 Enterprise Path, Hiram, GA 30141
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
17,000 SF
Lot
1.93 ac (84,071 SF)
Zoning code
B2
APN
146.3.4.046.0000
UPID
US22-1923247
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
-
Elbert McGaughy III - COUNTRY Financial representative Financial Advisor
-
Ray Guernsey - COUNTRY Financial representative Insurance Agency
-
Cotton States Insurance Insurance Agency
-
Jen does my hair Hair Salon
-
Ombudsman Educational Services Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$505k
Owner & transaction history
Millpointe Holdings LLC · 11 yrs held
Millpointe Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
B2 · Hiram, 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 Hiram submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiram 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Current use
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$30 / 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
$19,476
Tax year 2023
Assessed value
$747,080
Assessed 2023
Previous assessed
$747,080
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$154,400
Assessed improvement
$592,680
Land market value
$386,000
Improvement market value
$1,481,700
Total market value
$1,867,700
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
2003
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
17,000 SF
Lot
1.93 ac (84,071 SF)
Zoning code
B2
APN
146.3.4.046.0000
UPID
US22-1923247
Jurisdiction
PAULDING
Zoning & alternative use
B2 · Hiram, GA
Zoning B2 · permitted uses
B2 · Hiram, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hiram. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Millpointe Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 29319, INDIANAPOLIS, IN 46229-0319
Ownership since
2015
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
Aug 1, 2025
—
Wagner Millpointe Pavilion LLC
—
Deed
related
$591,286 · United Bankshares
Apr 1, 2024
—
Wagner Millpointe Pavilion LLC
—
Deed
related
$628,858 · Piedmont Bank
Apr 1, 2019
—
Wagner Millpointe Pavilion LLC
—
Deed
related
$628,858 · Piedmont Bk
May 27, 2015
—
Millpointe Holdings LLC
Steve Simpson Investments INC
Quit Claim Deed
related
—
Jan 2, 2008
$834,000
Millpointe Holdings LLC
Golden South Dis INC
Grant Deed
related
—
Aug 24, 2005
$900,000
Jerry H Bullock
Millpointe Pavilion LLC
Warranty Deed
—
—
—
Wagner Millpointe Pavilion LLC
—
Loan Modification
related
$628,858 · Piedmont Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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