Back to Search
Property profile & analytics
OFF-MARKET
Retail space
5115 Lks Blvd Lake Park, GA 31636
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-3077704
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
47,600 SF
Lot
4.2 ac (182,952 SF)
Zoning code
C-H
APN
0198-032
UPID
US22-3077704
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick Bennett LLC · 4 yrs held
Patrick Bennett LLC
since 2022
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
C-H · Lake Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-H Highway Commercial: The purpose of this district is to provide for an d encourage the proper grouping and development of highway-oriented uses which include a wide variety of sales and ser vices that will best accommodate the needs of the city and t he traveling public in order to reduce highway traffic congestion, traffic hazards or bli ght. To be consi…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
14.96 ac
Source
Zoning Ordinance
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 Lake Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,276
Tax year 2023
Assessed value
$517,876
Assessed 2023
Previous assessed
$517,876
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$126,000
Assessed improvement
$391,876
Land market value
$315,000
Improvement market value
$979,691
Total market value
$1,294,691
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
47,600 SF
Lot
4.2 ac (182,952 SF)
Zoning code
C-H
APN
0198-032
UPID
US22-3077704
Jurisdiction
LOWNDES
Zoning & alternative use
C-H · Lake Park, GAZoning C-H · permitted uses
C-H · Lake Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-H Highway Commercial: The purpose of this district is to provide for an d encourage the proper grouping and development of highway-oriented uses which include a wide variety of sales and ser vices that will best accommodate the needs of the city and t he traveling public in order to reduce highway traffic congestion, traffic hazards or bli ght. To be considered for this district, properties must be located on major arterial roadways as delineated in the City of Lake Park Thoroughfare Plan.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
14.96 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Patrick Bennett LLC
Entity
Mailing address
PO BOX 565, LAKE PARK, GA 31636-0565
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 1, 2022
$950,000
Patrick Bennett LLC
James C Mcmullen
Warranty Deed
$900,000 · Mcmullen James C Senior
Feb 26, 2021
$285,000
James C Mcmullen
Holland M Ware Charitable Foundatio
Warranty Deed
—
Jan 10, 2013
—
James C Mcmullen
Farmhouse Plaza INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5115 Lks Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
