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    6717 Mt Zion Blvd Morrow, GA 30260-3101
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    Property profile & analytics

    6717 Mt Zion Blvd, Morrow, GA 30260-3101

    View on Map
    • Retail space
    • 8,190 SF
    • 2.13 lot acres
    Off-Market
    Property ID
    US22-1518728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 6717 Mt Zion Blvd

    Year built
    1996
    Lot size
    2.13 lot acres
    Zone code
    GB
    Property type
    Retail space
    APN
    12-108A- A-001
    APU
    12108AA001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2018 $2,350,000 Nr Zion Realty LLC Flowcash Zion Plaza LLC Warranty Deed $1.8M · Wells Fargo Bk
    Nov 20, 2007 $2,600,000 Flowcash Zion Plaza LLC Tae Jong Corp Grant Deed $2M · Flagstar Bank
    Aug 26, 2005 $2,200,000 Tae Jong Corp Mellichamp Partners Grant Deed $1.8M · Community Tr Bk
    — — Tae,jong Corp — Deed Of Trust · related $2M · Flagstar Bank

    Description

    This exceptional Class A retail shopping center, located at 6717 Mt Zion Blvd in Morrow, Georgia (Clayton County, zip code 30260), presents a compelling investment opportunity. The 13,875 square foot property, built in 1996 and situated on a 2.13-acre lot, features a CVS Pharmacy as its anchor tenant, along with two additional tenants, resulting in a 78% occupancy rate. The property boasts a strong net operating income (NOI) of $233,038, yielding an attractive 8.63% cap rate at an asking price of $2,700,000 ($194.59 per square foot). The current lease is a net lease with a remaining term of 3 years and is corporately guaranteed by CVS Corp, rated S&P "BBB+". The center benefits from a highly visible location on a hard corner with a drive-thru, experiencing combined traffic counts exceeding 29,000 vehicles per day. The surrounding area demonstrates strong demographics, including an average household income within a 1-mile radius of $56,385 and a population exceeding 167,208 within a 5-mile radius. Furthermore, the area shows a population growth rate of 4.51% by 2022 within a 1-mile radius. The property is conveniently located 15 miles south of Atlanta and is surrounded by national retailers such as AutoZone, Ford, Honda, Home Depot, and Publix. The roof was recently replaced in 2014. This is a multi-tenant property with three units in a single, one-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,247,000
      Market price range: $488k - $1.25M
      AI Estimate
      $849,000
      Market price range: $196k - $850k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $915,000
      Current use
      OFFICE BUILDING
      $1,355,000
      Change: +48% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,225,000
      Change: +34% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,155,000
      Change: +27% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Morrow
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3106
    Latitude
    33.5715
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,506
    $371,120
    $436,480
    $807,600
    -
    $927,800
    $1,091,200
    $2,019,000

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      19,720 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    Morrow, GA 30260-3101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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