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Property profile & analytics
OFF-MARKET
Estimated value
$7,565,000
Commercial real estate
510 Ga Hwy 247th S, Bonaire, GA 31005-3865
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1226769
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Construction
WOOD
Total area
48,462 SF
Lot
5.54 ac (241,322 SF)
Zoning code
C2
APN
00125C 074000
UPID
US22-1226769
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
by Request
CAP Approach
CAP
$6.65M
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$7.57M
Owner & transaction history
Sms Bonaire LLC · 6 yrs held
Sms Bonaire LLC
since 2019
1 recorded transaction
Zoning & alternative use
C2 · Bonaire, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+109.2%
Auto repair, garage
$7.4M
+32.8%
Neighborhood: shopping center
$6.7M
+20.7%
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 Bonaire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonaire 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,195,000
6.5%
$6,645,000
7%
$6,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,540,000
Current use
RESTAURANT
$11,595,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,360,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,685,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$5,490,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$5,455,000
Change: -2% · Conversion: Easy
RETAIL STORES
$5,210,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$5,000,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$7.57M
Range $6.81M – $8.32M · ±10%
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
$156 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$57,799
Tax year 2023
Assessed value
$2,391,360
Assessed 2023
Previous assessed
$2,391,360
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$871,680
Assessed improvement
$1,519,680
Land market value
$2,179,200
Improvement market value
$3,799,200
Total market value
$5,978,400
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
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
48,462 SF
Lot
5.54 ac (241,322 SF)
Zoning code
C2
APN
00125C 074000
UPID
US22-1226769
Jurisdiction
HOUSTON
Zoning & alternative use
C2 · Bonaire, GA
Zoning C2 · permitted uses
C2 · Bonaire, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bonaire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.5M
RESTAURANT
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.54 ac
Current owner
From public records · entity-resolved
Sms Bonaire LLC
Entity
Mailing address
79 COTTONWOOD CIR, ROLLING HILLS ESTATES, CA 90274-3412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2019
$10,750,000
Sms Bonaire LLC
Merganser Commons Bonaire LLC
Warranty Deed
$4,937,500 · Wells Fargo Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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