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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Community centers
4839 Jonesboro Rd Forest Park, GA 30297-3557
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1328160
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1966
Total area
108,252 SF
Lot
17.76 ac (773,538 SF)
Zoning code
C
APN
13-049B- E-020
UPID
US22-1328160
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
-
Bowling200 Association / Organization
-
Funtime Bowl Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.94M
Blend (final)
Blend
$9.51M
Owner & transaction history
Alfamega Investment Grp LLC · 4 yrs held
Alfamega Investment Grp LLC
since 2021
Last sale
$9.0M
2 recorded transactions
Zoning & alternative use
C · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the C district is to provide a land use category for a diversity of commercial uses that provide products and services on a regional level
Zone name
Commercial
General category
COMMERCIAL
Zone area
5.70 ac
Source
Realmo
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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
$10,025,000
ML approach
$9,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,290,000
Current use
MEDICAL BUILDING
$13,820,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10% · vs last sale $9.00M (Dec 31 2021)
Last sale anchor
$9.00M
Dec 31 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
$88 / 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
$106,690
Tax year 2024
Assessed value
$3,060,000
Assessed 2024
Previous assessed
$3,600,000
-15.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$773,560
Assessed improvement
$2,286,440
Land market value
$1,933,900
Improvement market value
$5,716,100
Total market value
$7,650,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1966
Heating
NONE
Total area
108,252 SF
Lot
17.76 ac (773,538 SF)
Zoning code
C
APN
13-049B- E-020
UPID
US22-1328160
Jurisdiction
CLAYTON
Zoning & alternative use
C · Forest Park, GAZoning C · permitted uses
C · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the C district is to provide a land use category for a diversity of commercial uses that provide products and services on a regional level
Zone name
Commercial
General category
COMMERCIAL
Zone area
5.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$13.8M
NEIGHBORHOOD: SHOPPING CENTER 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
1966
Heating
NONE
Lot
17.76 ac
Current owner
From public records · entity-resolved
Alfamega Investment Grp LLC
Entity
Mailing address
2295 PARKLAKE DR NE STE #574, ATLANTA, GA 30345-2954
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2021
$9,000,000
Alfamega Investment Grp LLC
Buford Clairmont Co Ltd
Limited Warranty Deed
$5,400,000 · Quantum National Bank
Apr 11, 2018
—
Buford-clairmont Co Ltd
Sun Life Assurance Co Of Canada
Quit Claim Deed
related
—
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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