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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Strip malls
5185 Cobb SE Dr Smyrna, GA 30080-7215
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1495584
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
8,326 SF
Lot
0.75 ac (32,844 SF)
Zoning code
TS
APN
17075300270
UPID
US22-1495584
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
-
Subway Take-out & Catering
-
Vineyard Beverage (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
VAPE APE ATL (SMYRNA/VININGS) (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
iPhone Repair Plus/Multi Wireless Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Palee Investment LLC · 21 yrs held
Palee Investment LLC
since 2005
2 recorded transactions
Zoning & alternative use
TS · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent in establishing the TS district is to provide areas within the city which provide facilities used primarily by tourists. It is the intent in establishing the TS district to preserve existing tourist services areas and encourage the continued concentration of tourist services areas so as to promote the orderly development and economic stability of…
Zone name
Tourist Services
General category
UNKNOWN
Zone area
12.48 ac
Source
Realmo
Top alternative use upside
Medical building
$2.0M
+25.4%
Retail stores
$1.9M
+18.0%
Auto repair, garage
$1.7M
+1.6%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,630,000
Current use
MEDICAL BUILDING
$2,045,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$1,925,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,655,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$159 / 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
$21,002
Tax year 2024
Assessed value
$696,600
Assessed 2024
Previous assessed
$695,920
+0.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$472,788
Assessed improvement
$223,812
Land market value
$1,181,970
Improvement market value
$559,530
Total market value
$1,741,500
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Heating
NONE
Total area
8,326 SF
Lot
0.75 ac (32,844 SF)
Zoning code
TS
APN
17075300270
UPID
US22-1495584
Jurisdiction
COBB
Zoning & alternative use
TS · Smyrna, GAZoning TS · permitted uses
TS · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent in establishing the TS district is to provide areas within the city which provide facilities used primarily by tourists. It is the intent in establishing the TS district to preserve existing tourist services areas and encourage the continued concentration of tourist services areas so as to promote the orderly development and economic stability of such areas
Zone name
Tourist Services
General category
UNKNOWN
Zone area
12.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1992
Heating
NONE
Lot
0.75 ac
Current owner
From public records · entity-resolved
Palee Investment LLC
Entity
Mailing address
4132 STEVE REYNOLDS BLVD, NORCROSS, GA 30093-3059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2005
$1,750,000
Palee Investment LLC
Kim,hae R
Warranty Deed
$2,000,000 · Nara Bank
Apr 21, 2005
—
Palee Investment LLC
Kim,hae R
Quit Claim Deed
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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