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Property profile

505 Vernon St Lagrange, GA 30240

OFF-MARKET
Grocery and convenience stores
Property ID
US22-1303367
5,000 SF 0.5 ac lot Built 1997
Entity Owned 20-yr Hold Free & Clear

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1997
Total area 5,000 SF
Lot 0.5 ac (21,780 SF)
Zoning code 16- CR-MX
APN 0614B024001
UPID US22-1303367

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
  • Gas Station
  • Gas Station
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$600k
Blend (final) Blend
$335k

Owner & transaction history

since 2006
1 recorded transaction
2006
$1.7M

Zoning & alternative use

16- CR-MX · Lagrange, GA
Top alternative use upside
Restaurant $675,000 +184.6%
Commercial (general) $560,000 +136.7%
Office building $480,000 +102.0%

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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