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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Grocery and convenience stores
502 Lakeland Plz, Cumming, GA 30040-2730
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4621729
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Total area
3,034 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CBD
APN
C20 031
UPID
US22-4621729
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
-
RockItCoin Bitcoin ATM Crypto Atm
-
Marathon Gas Lakeland Plaza Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Zs Lakeland Plaza LLC · 1 yrs held
Zs Lakeland Plaza LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CBD · Cumming, 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 Cumming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumming 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
$2,960,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $3.00M (Dec 12 2023)
Last sale anchor
$3.00M
Dec 12 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
$974 / 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
$10,106
Tax year 2024
Assessed value
$412,136
Assessed 2024
Previous assessed
$435,152
-5.3% YoY
Effective rate
2.45%
On assessed value
Assessed land
$294,000
Assessed improvement
$118,136
Land market value
$735,000
Improvement market value
$295,340
Total market value
$1,030,340
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
0
Total area
3,034 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CBD
APN
C20 031
UPID
US22-4621729
Jurisdiction
FORSYTH
Zoning & alternative use
CBD · Cumming, GA
Zoning CBD · permitted uses
CBD · Cumming, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumming. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
0
Lot
0.98 ac
Current owner
From public records · entity-resolved
Zs Lakeland Plaza LLC
Entity
Mailing address
9340 TAILEY CIR, DULUTH, GA 30097-2451
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Zs Lakeland Plaza LLC
Mountain View Gas LLC
Warranty Deed
—
Dec 12, 2023
$3,000,000
Mountain View Gas LLC
Bfs Investments INC
Warranty Deed
$2,400,000 · Citizens Bank Of Georgia
Sep 6, 2023
—
Bfs Investments INC
—
Deed
related
$250,000 · Bfs Fuel And Shine
Jan 19, 2017
—
Bfs Investments INC
—
Deed
related
$950,000 · Gwinnett Community Bank
Dec 31, 2012
$1,200,000
Bfs Investments INC
Fardeen Ents INC
Grant Deed
$1,050,000 · Noa Bank
Jul 31, 2009
$950,000
Fardeen Ents INC
Mds Developers LLC
Deed
$790,000 · National Ln Acquisitions
Jul 28, 2009
$950,000
Fardeen Enterprises INC
Mds Developers LLC
Grant Deed
$790,000 · National Loan Acquisitions Co
Sep 18, 2006
$1,350,000
Mds Developers LLC
Erickson Petroleum INC
Grant Deed
—
Sep 18, 2006
—
Mds Developers LLC
Wash Me LLC
Quit Claim Deed
related
$1,600,000 · Integrity Bank
—
—
Mds Developers LLC
—
Deed Of Trust
related
$100,000 · Integrity Bank
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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