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Property profile & analytics
OFF-MARKET
Estimated value
$7,150,000
Strip malls
5405 Old National Hwy South Fulton, GA 30349
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1618513
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
44,710 SF
Lot
4.28 ac (186,219 SF)
Zoning code
C1
APN
13 0093 LL1497
UPID
US22-1618513
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.15M
Owner & transaction history
Colony Village Associates LLC · 2 yrs held
Colony Village Associates LLC
since 2023
7 recorded transactions
Zoning & alternative use
C1 · South Fulton, 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 South Fulton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Fulton 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
AUTO REPAIR, GARAGE
$11,355,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$10,470,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$10,030,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$7.15M
Range $6.44M – $7.87M · ±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
$160 / 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
Assessed value
$2,483,240
Assessed 2023
Previous assessed
$1,000,000
+148.3% YoY
Assessed land
$415,680
Assessed improvement
$2,067,560
Land market value
$1,039,200
Improvement market value
$5,168,900
Total market value
$6,208,100
Applied tax rate
55.0000
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
1985
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
44,710 SF
Lot
4.28 ac (186,219 SF)
Zoning code
C1
APN
13 0093 LL1497
UPID
US22-1618513
Jurisdiction
FULTON
Zoning & alternative use
C1 · South Fulton, GA
Zoning C1 · permitted uses
C1 · South Fulton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Fulton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$10.0M
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1985
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.28 ac
Current owner
From public records · entity-resolved
Colony Village Associates LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5405 OLD NATIONAL HWY, ATLANTA, GA 30349
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Colony Village Associates LLC
Wen Mei Chen
Warranty Deed
—
Jun 5, 2018
—
Wen M Chen
Chen,jen K
Quit Claim Deed
related
—
Sep 23, 2014
—
Jen K Chen
Chen,jen K
Quit Claim Deed
related
—
Oct 15, 2013
—
Jen K Chen
Shyu,yu Y
Quit Claim Deed
related
—
Jun 27, 2011
—
Yu Y Shyu
Wang,chao Y
Quit Claim Deed
related
—
Sep 10, 2007
—
Wang,chao Y
Chen,wen M
Quit Claim Deed
related
—
Aug 13, 2007
—
Chao Yung Wang
Chen,wen Mei
Grant Deed
related
—
Apr 4, 2006
—
Chen,wen M
Wang,chao Y
Quit Claim Deed
related
—
Mar 18, 2006
—
Wen Mei Chen
Wang,chao Y
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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