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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Strip malls
5220 Jimmy Lee Smith Pkwy Hiram, GA 30141-2739
Entity Owned
Absentee Owner
Free & Clear
Property ID
US22-2012731
Property summary
AI-generated overview
The Hiram Pavilion, a thriving 362,647 square foot retail center, presents a prime opportunity for businesses seeking high visibility and strong foot traffic. Located at 5220 Jimmy Lee Smith Pkwy in Hiram, Georgia (zip code 30141), this strategically positioned property sits along Hiram's main retail corridor in Paulding County. The center boasts a robust tenant mix, including nationally recognized retailers such as Ross Dress for Less, Marshalls, Michaels, PetSmart, Five Below, Kirkland's, Dollar Tree, Rack Room Shoes, Kohl's, HomeGoods, ULTA, and Old Navy. This ensures a consistent flow of customers and a vibrant shopping environment. Currently, there is one available suite totaling 5,000 square feet, ideal for a variety of retail uses. The property also offers ample parking with 1,202 spaces available for customers and employees. This exceptional retail space provides an unparalleled opportunity to establish or expand a business within a well-established and successful retail center. The property's high-performance history and strong anchor tenants make it an attractive investment for discerning businesses seeking a location with proven success. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
14,400 SF
Lot
2.91 ac (126,760 SF)
Zoning code
PSC
APN
176.2.4.004.0000
UPID
US22-2012731
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
-
Target Photo Center (Bike/Boat/Book/etc) Store
-
H&R Block Tax Preparation
-
Starbucks Cafe & Coffee Shop
-
D. Bailey & Associates Realty Real Estate Agency
-
The UPS Store Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$805k
Blend (final)
Blend
$760k
Owner & transaction history
HIRAM PAVILION OWNER LLC
HIRAM PAVILION OWNER LLC
Zoning & alternative use
PSC · Hiram, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+135.4%
Medical building
$1.1M
+115.8%
Auto repair, garage
$955,000
+79.5%
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 Hiram submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiram 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
RESTAURANT
$1,250,000
Change: +135% · Conversion: Difficult
MEDICAL BUILDING
$1,145,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +70% · Conversion: Easy
INDUSTRIAL (GENERAL)
$860,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$53 / 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
$69,533
Tax year 2023
Assessed value
$2,667,160
Assessed 2023
Previous assessed
$2,667,160
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$291,000
Assessed improvement
$2,376,160
Land market value
$727,500
Improvement market value
$5,940,400
Total market value
$6,667,900
Applied tax rate
3.0000
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
2002
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
14,400 SF
Lot
2.91 ac (126,760 SF)
Zoning code
PSC
APN
176.2.4.004.0000
UPID
US22-2012731
Jurisdiction
PAULDING
Zoning & alternative use
PSC · Hiram, GA
Zoning PSC · permitted uses
PSC · Hiram, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hiram. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
RETAIL STORES
Est. value
$900,000
INDUSTRIAL (GENERAL)
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
2.91 ac
Current owner
From public records · entity-resolved
HIRAM PAVILION OWNER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
411 THEODORE FREMD AVE STE #300, RYE, NY 10580-1411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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