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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Strip malls
5229 Ml Store Rd Lake Park, GA 31636-5101
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2897086
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
CONCRETE
Total area
91,624 SF
Lot
22.07 ac (961,369 SF)
Zoning code
C-H
APN
0200-296
UPID
US22-2897086
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
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.74M
Owner & transaction history
Bemiss Hill Holdings LLC · 4 yrs held
Bemiss Hill Holdings LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C-H · Lake Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$2,860,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,230,000
Current use
WAREHOUSE, STORAGE
$3,550,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.60M (Jun 30 2022)
Last sale anchor
$2.60M
Jun 30 2022
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
$30 / 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
$19,618
Tax year 2023
Assessed value
$761,035
Assessed 2023
Previous assessed
$761,035
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$662,100
Assessed improvement
$98,935
Land market value
$1,655,250
Improvement market value
$247,338
Total market value
$1,902,588
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
91,624 SF
Lot
22.07 ac (961,369 SF)
Zoning code
C-H
APN
0200-296
UPID
US22-2897086
Jurisdiction
LOWNDES
Zoning & alternative use
C-H · Lake Park, GA
Zoning 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
Lake Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
22.07 ac
Current owner
From public records · entity-resolved
Bemiss Hill Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2907 N PATTERSON ST, VALDOSTA, GA 31602-4125
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Bemiss Hill Holdings LLC
Budd Commercial Real Estate LLC
Quit Claim Deed
related
—
Oct 26, 2021
$2,600,000
Budd Commercial Real Estate LLC
Lake Park Plaza Ga LLC
Warranty Deed
—
Nov 8, 2011
$2,467,500
Lake Park Plaza Ga LLC
Jpmcc 2007 Cibc19 Mill Store Road L
Deed
—
Dec 3, 2009
$440,000
Pmcc 2007 Cibc19 Mill Store Road Li
Pre/lake Park Ga LLC
Foreclosure
related
—
Jan 9, 2007
$12,000,000
Pre Lake Park Ga LLC
Lake Park Partners LLC
Deed
—
Jan 8, 2007
$12,000,000
Pre Lake Park LLC
Lake Park Partners LLC
Deed
—
Jan 8, 2007
$6,000,000
Lake Park Partners LLC
Lake Park Partners LLC
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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