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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Strip malls
8872 Frd Ave Richmond Hill, GA 31324-6087
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2969946
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Total area
13,800 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CITY
APN
0461 168
UPID
US22-2969946
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
-
Essential Barbell Gym & Fitness Center
-
Game Changers Running Company Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
The Hill Nutrition Specialty Food Shop
-
Off Broadway Dance Studio Training Center
-
Richmond Hill Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.19M
Owner & transaction history
P 51 Properties LLC · 4 yrs held
P 51 Properties LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CITY · Richmond Hill, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+94.3%
Restaurant
$1.7M
+83.3%
Auto repair, garage
$1.4M
+53.0%
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 Richmond Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond Hill 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
$2,265,000
ML approach
$2,165,000
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,980,000
7%
$2,765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,815,000
Change: +94% · Conversion: Easy
RESTAURANT
$1,715,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,430,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,380,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.15M (Oct 29 2021)
Last sale anchor
$2.15M
Oct 29 2021
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
$158 / 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
$16,459
Tax year 2023
Assessed value
$713,720
Assessed 2023
Previous assessed
$713,720
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$339,840
Assessed improvement
$373,880
Land market value
$849,600
Improvement market value
$934,700
Total market value
$1,784,300
Applied tax rate
2.0000
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
2015
Heating
NONE
Total area
13,800 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CITY
APN
0461 168
UPID
US22-2969946
Jurisdiction
BRYAN
Zoning & alternative use
CITY · Richmond Hill, GAZoning CITY · permitted uses
CITY · Richmond Hill, 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
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Heating
NONE
Lot
2.32 ac
Current owner
From public records · entity-resolved
P 51 Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1628, SPRINGFIELD, GA 31329-1628
Ownership since
2021
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
Feb 17, 2022
—
P 51 Properties LLC
—
Deed
related
$10,113,500 · Queensborough National Bank
Feb 14, 2022
—
P 51 Properties LLC
—
Deed
related
$5,020,490 · Queensborough National Bank
Oct 29, 2021
$2,150,000
P 51 Properties LLC
Game Changers Holdings LLC
Limited Warranty Deed
—
Sep 20, 2019
—
Game Changers Holding LLC
—
Deed
related
$1,071,000 · Citizens Bank & Trust
Jun 17, 2014
$410,913
Game Changers Holding LLC
Georgia Game Changers LLC
Warranty Deed
—
Aug 30, 2013
$550,000
Georgia Game Changers LLC
The Coastal Bank
Warranty Deed
$412,500 · Coastal Bank
Mar 17, 2011
$527,000
The Coastal Bank
Camelia Street Village LLC
Foreclosure
related
—
Sep 5, 2006
$750,000
Camelia Street Village LLC
Robert L Ward JR
Deed
$750,000 · Banksouth
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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