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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Strip malls
819 Frst Pkwy Forest Park, GA 30297-2281
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4620589
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
8,360 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
13-050D- B-001
UPID
US22-4620589
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
-
Atlanta OWCP Injury Doctors Alternative Medicine Practice
-
Brightway Insurance, The Gordon Agency Insurance Agency
-
Little Caesars Pizza Restaurant
-
Community Express Food Mart Grocery & Convenience Store
-
B & A DOLLAR PLUS LLC Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Downtown Development Authority Of T · 2 yrs held
Downtown Development Authority Of T
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+216.2%
Auto repair, garage
$2.2M
+83.3%
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest 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
$2,805,000
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Alternative Use
Use
Estimation
RESTAURANT
$3,735,000
Change: +216% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,165,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.46M (Sep 28 2023)
Last sale anchor
$2.46M
Sep 28 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
$298 / 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
$10,917
Tax year 2024
Assessed value
$313,120
Assessed 2024
Previous assessed
$315,200
-0.7% YoY
Effective rate
3.49%
On assessed value
Assessed land
$36,600
Assessed improvement
$276,520
Land market value
$91,500
Improvement market value
$691,300
Total market value
$782,800
Applied tax rate
3.0000
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
2006
Heating
NONE
Rooms
6
Bathrooms
2
Total area
8,360 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
13-050D- B-001
UPID
US22-4620589
Jurisdiction
CLAYTON
Zoning & alternative use
C · Forest Park, GA
Zoning C · permitted uses
C · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Rooms
6
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Downtown Development Authority Of T
Entity
Mailing address
745 FRST PKWY, FOREST PARK, GA 30297-2209
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Downtown Development Authority Of T
Rgc Property Group LLC
Quit Claim Deed
related
—
Sep 26, 2023
$2,455,750
Rgc Property Group LLC
Pavilion Management Group LLC
Warranty Deed
—
Jul 24, 2008
—
Pavilion Management Grp LLC
Sugar Pike Plaza LLC
Grant Deed
$435,000 · Wachovia Bank NA
Dec 14, 2007
—
Mehta Living Trsut Vinod
Mehta,vinodrain N
Quit Claim Deed
related
—
Jun 5, 2006
$115,000
Sugar Pike Pl LLC
Burks Kristine Y & Cooper
Grant Deed
—
Jun 5, 2006
—
Sugar Pike Plaza LLC
Pavilion Plaza INC
Grant Deed
related
—
Jul 1, 2005
$140,000
Pavillion Plaza INC
Burks,kristine Y
Grant Deed
—
Jul 1, 2005
—
Pavillion Plaza INC
Cooper,mary 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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