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Property profile & analytics
OFF-MARKET
Estimated value
$5,445,000
Strip malls
5402 Covington Hwy Decatur, GA 30035-2507
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1668175
Property summary
AI-generated overview
Hidden Hills Village offers 1,637 square feet of vacant retail space in a single-story building at 5402 Covington Hwy, Suite 5406-B, Decatur, GA 30035. This space is part of a larger 67,940 square foot, multi-tenant retail center situated at the high-traffic intersection of Covington Highway and S. Hairston Road, boasting over 45,000 vehicles daily. The property features excellent visibility and accessibility. This grocery-anchored shopping center includes a Family Dollar, a "Farmers Market" grocery store, and a beauty supply store. The building offers a total of 15 suites and 511 parking spaces. The available space is part of a larger 67,940 square foot building and is located in the Stone Mountain/Decatur submarket, specifically the Redan, Snapfinger Creek cluster. The minimum divisible space is 1,637 square feet, and the maximum contiguous space available is also 1,637 square feet.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Construction
WOOD FRAME
Total area
68,870 SF
Lot
8.21 ac (357,540 SF)
Zoning code
C1
APN
16 006 01 009
UPID
US22-1668175
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
-
dk golden clothing store Clothing Store
-
Pirate Staffing Employment Agency
-
Hidden Hills Village Shopping Center Grocery & Convenience Store
-
Diamond Class Essentials Metaphysical Supply Store
-
K.Kreationz Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$5.45M
Owner & transaction history
Hh Mcre LP · 2 yrs held
Hh Mcre LP
since 2023
Last sale
$5.7M
3 recorded transactions
Zoning & alternative use
C1 · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$5,870,000
ML approach
$5,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,850,000
Current use
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±10% · vs last sale $5.70M (Nov 6 2023)
Last sale anchor
$5.70M
Nov 6 2023
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
$79 / 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
$111,828
Tax year 2024
Assessed value
$2,280,000
Assessed 2024
Previous assessed
$2,679,240
-14.9% YoY
Effective rate
4.90%
On assessed value
Assessed land
$114,000
Assessed improvement
$2,166,000
Land market value
$285,000
Improvement market value
$5,415,000
Total market value
$5,700,000
Applied tax rate
4.0000
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
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
68,870 SF
Lot
8.21 ac (357,540 SF)
Zoning code
C1
APN
16 006 01 009
UPID
US22-1668175
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GA
Zoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
8.21 ac
Current owner
From public records · entity-resolved
Hh Mcre LP
Entity
Free & Clear · 2 yrs held
Mailing address
3125 TOUCHTON CT, DULUTH, GA 30097-4399
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 6, 2023
$5,700,000
Hh Mcre LP
Hometrust Bank
Quit Claim Deed
related
—
Oct 26, 2023
$5,700,000
5402 Covington LLC
Hh Mcre LP
Warranty Deed
$4,250,000 · Multi Investments
Feb 21, 2018
$3,025,000
Hh Mcre LP
Kika Investment Group INC
Grant Deed
$1,815,000 · Quantum Nat'l Bk
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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