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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Commercial land
4939 Bill Gardner Pkwy Locust Grove, GA 30248-2910
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3425989
Property summary
AI-generated overview
This exceptional 8,800-square-foot retail property, situated on a 2.02-acre lot in Locust Grove, Georgia, presents a remarkable investment opportunity. Completed in 2024, this Class A building boasts a single story design and is ideally suited for multiple tenants. The property's zoning is C-1, allowing for a variety of commercial uses, including retail, restaurant, and potentially medical spaces. Its strategic location on Bill Gardner Parkway offers excellent visibility and accessibility, further enhanced by its proximity to a high-traffic Walmart Supercenter (experiencing 2 million visits annually) and the Locust Grove Tanger Outlets. The property features convenient interparcel access, ensuring ease of movement for customers and employees. Located in the Atlanta submarket of Henry County, Georgia, this property offers a unique blend of convenience, visibility, and growth potential. The address is 4939 Bill Gardner Pkwy, Locust Grove, GA 30248. No elevators are present in this single-story building. This is a truly exceptional opportunity for businesses seeking a high-visibility location in a thriving commercial area.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.02 ac (88,078 SF)
Zoning code
C
APN
112-01013034
UPID
US22-3425989
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Ipilg4 LLC · 2 yrs held
Ipilg4 LLC
since 2023
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
C · Locust Grove, 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 Locust Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Grove 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
$1,275,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Nov 21 2023)
Last sale anchor
$1.20M
Nov 21 2023
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
—
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
$16,672
Tax year 2024
Assessed value
$480,000
Assessed 2024
Previous assessed
$480,000
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$480,000
Land market value
$1,200,000
Total market value
$1,200,000
Applied tax rate
5.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.02 ac (88,078 SF)
Zoning code
C
APN
112-01013034
UPID
US22-3425989
Jurisdiction
HENRY
Zoning & alternative use
C · Locust Grove, GA
Zoning C · permitted uses
C · Locust Grove, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Locust Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.02 ac
Current owner
From public records · entity-resolved
Ipilg4 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
201 N COLUMBIA AVE STE C, RINCON, GA 31326-6822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$1,200,000
Ipilg4 LLC
Locust Grove Medical Complex
Limited Warranty Deed
—
Nov 21, 2023
—
Ipilg4 LLC
Locust Grove Medical Complex LLC
Quit Claim Deed
related
—
Jun 12, 2018
—
Locust Grove Medical Complex L
—
Deed
related
—
—
—
Locust Grove Medical Complex L
—
Loan Modification
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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