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Property profile & analytics
OFF-MARKET
Estimated value
$14,205,000
Grocery and convenience stores
8501 Hospital Dr Douglasville, GA 30134-2414
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1024799
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1988
Construction
CONCRETE
Total area
100,312 SF
Lot
10.21 ac (444,748 SF)
Zoning code
CG
APN
0050-01-5- -00007
UPID
US22-1024799
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
-
Kroger Grocery & Convenience Store Food Market
-
Additech Gas Station
-
Kroger Bakery Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Kroger Money Services Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.72M
Blend (final)
Blend
$14.21M
Owner & transaction history
Cp Douglas Commons LLC · 6 yrs held
Cp Douglas Commons LLC
since 2020
Last sale
$14.1M
4 recorded transactions
Zoning & alternative use
CG · Douglasville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.8M
+53.3%
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 Douglasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglasville 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
$16,215,000
ML approach
$11,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,230,000
Current use
MEDICAL BUILDING
$21,815,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,605,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$14.21M
Range $12.78M – $15.63M · ±10% · vs last sale $14.10M (Jan 21 2020)
Last sale anchor
$14.10M
Jan 21 2020
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
$142 / 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
$204,911
Tax year 2023
Assessed value
$5,020,600
Assessed 2023
Previous assessed
$5,020,600
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$772,958
Assessed improvement
$4,247,642
Land market value
$1,932,396
Improvement market value
$10,619,104
Total market value
$12,551,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
20
Stories
1
Total area
100,312 SF
Lot
10.21 ac (444,748 SF)
Zoning code
CG
APN
0050-01-5- -00007
UPID
US22-1024799
Jurisdiction
DOUGLAS
Zoning & alternative use
CG · Douglasville, GAZoning CG · permitted uses
CG · Douglasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.2M
MEDICAL BUILDING
Est. value
$21.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
RETAIL STORES Current
MEDICAL BUILDING
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
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
20
Lot
10.21 ac
Current owner
From public records · entity-resolved
Cp Douglas Commons LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1355 TERRELL ML RD SE BLDG #1478, MARIETTA, GA 30067-5496
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
—
Cp Douglas Commons LLC
Suso 2 Douglas LP
Quit Claim Deed
related
—
Jan 21, 2020
$14,100,000
Cp Douglas Commons LLC
Suso 2 Douglas LP
Grant Deed
—
Apr 19, 2013
—
Suso 2 Douglas LP
—
Deed Of Trust
related
$110,000,000 · Key Bank NA
Mar 27, 2013
$120,000
Suso 2 Douglas LP
Equity One INC
Grant Deed
—
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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