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Property profile & analytics
OFF-MARKET
Estimated value
$8,915,000
Outlet malls
455 Norman Dr Valdosta, GA 31601-7709
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-3690227
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Construction
CONCRETE
Total area
70,358 SF
Lot
8.41 ac (366,340 SF)
Zoning code
R-10
APN
0086A-001A
UPID
US22-3690227
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
-
Academy Sports and Outdoors Clothing Store
-
Academy Sports + Outdoors (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.92M
CAP Approach
CAP
$8.55M
Comparable Approach
Comparable
$11.28M
Blend (final)
Blend
$8.92M
Owner & transaction history
Afnabsprop001 LLC · 1 yrs held
Afnabsprop001 LLC
since 2024
Last sale
$8.9M
3 recorded transactions
Zoning & alternative use
R-10 · Valdosta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ctures, and Property Development 206-2 E-R Environmental Resource District 206-3 R-E Estate Residential District 206-4 R-25 Single-family Residential District 206-5 R-15 Single-family Residential District 206-6 R-10 Single-family Residential District
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,502.55 ac
Source
land development regulations
Top alternative use upside
Medical building
$12.5M
+21.9%
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 Valdosta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valdosta 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
$8,915,000
ML approach
$8,915,000
CAP Approach
CAP Return
Estimation
6%
$9,255,000
6.5%
$8,545,000
7%
$7,935,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,270,000
Current use
MEDICAL BUILDING
$12,515,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$8.92M
Range $8.02M – $9.81M · ±10% · vs last sale $8.91M (Nov 12 2024)
Last sale anchor
$8.91M
Nov 12 2024
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
$127 / 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
$92,566
Tax year 2023
Assessed value
$3,106,968
Assessed 2023
Previous assessed
$3,106,968
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$1,195,070
Assessed improvement
$1,911,898
Land market value
$2,987,675
Improvement market value
$4,779,746
Total market value
$7,767,421
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
70,358 SF
Lot
8.41 ac (366,340 SF)
Zoning code
R-10
APN
0086A-001A
UPID
US22-3690227
Jurisdiction
LOWNDES
Zoning & alternative use
R-10 · Valdosta, GAZoning R-10 · permitted uses
R-10 · Valdosta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ctures, and Property Development 206-2 E-R Environmental Resource District 206-3 R-E Estate Residential District 206-4 R-25 Single-family Residential District 206-5 R-15 Single-family Residential District 206-6 R-10 Single-family Residential District
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,502.55 ac
Source
land development regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$12.5M
RETAIL STORES Current
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
2012
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.41 ac
Current owner
From public records · entity-resolved
Afnabsprop001 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
38 WASHINGTON SQ, NEWPORT, RI 02840-2946
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Afnabsprop001 LLC
Argasvalga001 LLC
Quitclaim Deed
related
—
Apr 22, 2022
$8,913,597
Arg Asvalga001 LLC
Cole As Valdosta Ga LLC
Warranty Deed
—
May 10, 2013
$9,790,000
Cole As Valdosta Ga LLC
Valdosta Developm Mattiace
Limited 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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