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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Outlet malls
5355 Ml Store Rd Lake Park, GA 31636-5110
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-3493245
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1971
Construction
STEEL FRAME
Total area
17,008 SF
Lot
8 ac (348,480 SF)
Zoning code
C-H
APN
0200-294
UPID
US22-3493245
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
$2.13M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.96M
Owner & transaction history
Lar Properties Of Lake Park LLC · 6 yrs held
Lar Properties Of Lake Park LLC
since 2020
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
C-H · Lake Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+30.1%
Commercial (general)
$2.2M
+0.1%
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
$2,400,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,220,000
Current use
MEDICAL BUILDING
$2,890,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,225,000
Change: +0% · Conversion: Easy
WAREHOUSE, STORAGE
$2,125,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $1.95M (May 22 2020)
Last sale anchor
$1.95M
May 22 2020
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
$115 / 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
$8,930
Tax year 2023
Assessed value
$346,400
Assessed 2023
Previous assessed
$346,400
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$240,000
Assessed improvement
$106,400
Land market value
$600,000
Improvement market value
$266,000
Total market value
$866,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
17,008 SF
Lot
8 ac (348,480 SF)
Zoning code
C-H
APN
0200-294
UPID
US22-3493245
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
RETAIL STORES Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
8 ac
Current owner
From public records · entity-resolved
Lar Properties Of Lake Park LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4503 BRISTOL HWY, JOHNSON CITY, TN 37601-2937
Ownership since
2020
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
May 22, 2020
$1,950,000
Lar Properties Of Lake Park LLC
Day Bros Rv Sales LLC
Warranty Deed
—
Dec 1, 2017
$1,150,000
Day Bros Rv Sales LLC
Shapiro Real Estate INC
Limited Warranty Deed
—
Jun 17, 2013
$550,000
Shapiro Real Estate INC
Tcrv Of Lake Park LLC
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.
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