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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Strip malls
845 Thornton Rd Lithia Springs, GA 30122-2607
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-1025303
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
CONCRETE
Total area
7,070 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-H
APN
0520-18-2- -00008
UPID
US22-1025303
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
-
Precisely Manifested Wireless (Clearwire) Telecommunications Service Data Center
-
American Management Corporate Office
-
FREE DRIVE-THRU PCR/RAPID TESTING Medical Clinic
-
Smoke Shop of Crestmark (Bike/Boat/Book/etc) Store
-
Smoke Shop 420 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$840k
Owner & transaction history
Narendra P Patel · 10 yrs held
Narendra P Patel
since 2015
5 recorded transactions
Zoning & alternative use
C-H · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+66.7%
Retail stores
$995,000
+21.6%
Auto repair, garage
$870,000
+6.4%
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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Current use
OFFICE BUILDING
$1,365,000
Change: +67% · Conversion: Moderate
RETAIL STORES
$995,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$119 / 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
Tax billed
$14,810
Tax year 2023
Assessed value
$465,680
Assessed 2023
Previous assessed
$465,680
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$114,200
Assessed improvement
$351,480
Land market value
$285,500
Improvement market value
$878,700
Total market value
$1,164,200
Applied tax rate
1.0000
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
1994
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Total area
7,070 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-H
APN
0520-18-2- -00008
UPID
US22-1025303
Jurisdiction
DOUGLAS
Zoning & alternative use
C-H · Lithia Springs, GA
Zoning C-H · permitted uses
C-H · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$820,000
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
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
1994
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
0.8 ac
Current owner
From public records · entity-resolved
Narendra P Patel
Individual
Mailing address
346 GLYNNWILDE DR NW, MARIETTA, GA 30064-1001
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2015
$1,225,000
Narendra P Patel
Shoppes Of Crestmark INC
Grant Deed
$235,000 · Quantum Nat'l Bk
Nov 13, 2007
—
Shoppes Of Crestmark INC
—
Trustees Deed
related
$950,000 · Highland Commercial Bank
—
—
Shoppes Of Crestmark INC
—
Deed Of Trust
related
$118,750 · Highland Commercial Bank
—
—
Shoppes Of Crestmark INC
—
Deed Of Trust
related
$100,000 · Highland Commercial Bank
—
—
Shoppes Of Crestmark INC
—
Deed Of Trust
related
$675,000 · Park Avenue Bank
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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