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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office Spaces
49 Macon St Mcdonough, GA 30253-3240
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4625280
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,690 SF
Lot
0.11 ac (4,617 SF)
Zoning code
C2
APN
M09-02011000
UPID
US22-4625280
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
-
Axe Country Bar & Pub
-
Atelier Ceramics Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$927k
Blend (final)
Blend
$725k
Owner & transaction history
Lark Investments LLC · 3 yrs held
Lark Investments LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C2 · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$850,000
+1.2%
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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
$660,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$840,000
Current use
RETAIL STORES
$850,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$760,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $750k (Nov 14 2022)
Last sale anchor
$750k
Nov 14 2022
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
$196 / 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
$8,726
Tax year 2024
Assessed value
$232,800
Assessed 2024
Previous assessed
$232,800
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$27,600
Assessed improvement
$205,200
Land market value
$69,000
Improvement market value
$513,000
Total market value
$582,000
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
3,690 SF
Lot
0.11 ac (4,617 SF)
Zoning code
C2
APN
M09-02011000
UPID
US22-4625280
Jurisdiction
HENRY
Zoning & alternative use
C2 · Mcdonough, GA
Zoning C2 · permitted uses
C2 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$840,000
RETAIL STORES
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$760,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lark Investments LLC
Entity
Mailing address
6062 BUFORD HWY, NORCROSS, GA 30071-2424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 14, 2022
—
Lark Investments LLC
49 Macon Street Mcdonough LLC
Warranty Deed
$487,500 · Heritage Southeast Bank
Aug 20, 2021
—
49 Macon Street Mcdonough LLC
Tovin Holdings LLC
Warranty Deed
—
Oct 7, 2020
$315,000
Tovin Holdings LLC
Marlene Graham
Grant Deed
related
—
Feb 26, 2020
—
Harold L Berry
—
Deed Of Trust
related
$63,184 · Health Management Systems INC
Feb 14, 2019
—
Harold L Berry
Sweet Diva Lamour LLC
Deed In Lieu Of Foreclosure
related
—
Aug 28, 2014
$84,500
Sweet Diva Lamour LLC
Graham,marlene
Grant Deed
$143,650 · Harold L Berry
Jun 7, 2004
$325,000
Starr,elder M & Joyce F
Craig,william H & Barbara S
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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