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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Retail space
5613 Jonesboro Rd Morrow, GA 30260-3804
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4410932
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
FRAME
Total area
10,209 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C
APN
12-175C- A-008
UPID
US22-4410932
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
-
Amazon Locker - Sita Courier Service Postal Service
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.81M
Owner & transaction history
M Hashem Limited Partnership · 4 yrs held
M Hashem Limited Partnership
since 2022
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
C · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+154.7%
Office building
$1.7M
+48.3%
Commercial (general)
$1.5M
+33.9%
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$1,535,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,140,000
Current use
AUTO REPAIR, GARAGE
$2,900,000
Change: +155% · Conversion: Difficult
OFFICE BUILDING
$1,690,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,525,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $2.23M (Feb 10 2022)
Last sale anchor
$2.23M
Feb 10 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
$177 / 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
$28,713
Tax year 2024
Assessed value
$736,000
Assessed 2024
Previous assessed
$736,000
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$109,760
Assessed improvement
$626,240
Land market value
$274,400
Improvement market value
$1,565,600
Total market value
$1,840,000
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
FRAME
Heating
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
10,209 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C
APN
12-175C- A-008
UPID
US22-4410932
Jurisdiction
CLAYTON
Zoning & alternative use
C · Morrow, GA
Zoning C · permitted uses
C · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1958
Construction
FRAME
Heating
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
M Hashem Limited Partnership
Entity
Mailing address
16505 S TIMBER RDG DR, OREGON CITY, OR 97045-7262
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$2,229,708
M Hashem Limited Partnership
Bel Investments Lake City Ga LLC
Warranty Deed
$1,352,550 · Symetra Life Insurance
Feb 19, 2021
$450,000
Bel Investments Lake City Ga LLC
Triplebui Properties LLC
Warranty Deed
$1,808,000 · Bank Plus
Jun 2, 2017
—
Van Kim T Bui
Bui,thanh V
Quit Claim Deed
related
—
Jan 22, 2015
—
Thanh V Bui
Bui,van Kim
Quit Claim Deed
related
—
Apr 22, 2008
$375,000
Van Kim Bui
Sanders,carol E
Grant Deed
—
—
—
Carol E Sanders
—
Deed Of Trust
related
$127,790 · Wachovia Bank NA
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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