Property profile

4624 Cp Highland SE Rd Smyrna, GA 30082

OFF-MARKET
Strip malls
Property ID
US22-1722382
16,280 SF 2.32 ac lot Built 2007
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Shops at Silver Comet presents a compelling investment opportunity in the thriving Smyrna, GA submarket. This 16,150 square foot strip center, built in 2007, boasts a prime location on the East West Connector, ensuring high visibility and accessibility. Currently, 2,220 square feet of retail space is available, offering a unique chance to establish or expand a business in a dynamic area. The center benefits from a strong demographic profile, with over 66,000 residents and 42,000 daytime employees within a 3-mile radius, boasting an average household income of approximately $93,000. This robust consumer base provides a significant potential customer pool for any tenant. The property's strategic location is further enhanced by its adjacency to a 95,250 square foot Publix-anchored shopping center, creating a synergistic retail environment. Adding to its appeal, the Shops at Silver Comet is situated near the beginning of the Silver Comet Trail, a popular 61.5-mile recreational path attracting significant foot and bicycle traffic. This multi-use trail provides additional exposure and contributes to the area's vibrant atmosphere. The property sits on 2.42 acres of land, offering ample space and potential for future development or expansion. This retail center represents a rare opportunity to acquire a well-positioned asset in a high-growth area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 16,280 SF
Lot 2.32 ac (101,276 SF)
Zoning code NRC
APN 17062000130
UPID US22-1722382

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Take-out & Catering
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Travel Agency

Location

4624 Cp Highland SE Rd Smyrna, GA 30082-4906
Smyrna metro Census 31220 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.62M

Owner & transaction history

since 2015
7 recorded transactions
2022
Price N/A
2015
$5.3M
2006
$1.4M
2005
$336,800
2005
Price N/A
2005
Price N/A
2005
$402,000

Zoning & alternative use

NRC · Smyrna, GA
Top alternative use upside
Retail stores $4.1M +29.0%
Medical building $4.0M +25.4%
Commercial (general) $3.5M +9.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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