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Property profile & analytics
FOR SALE
Retail space
8889 Highway 29 S, Hull, GA 30646
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1253011
For Sale
1 / 5
$975,000
8889 Highway 29 S, Hull, GA 30646
View Listing →
Property summary
AI-generated overview
This exceptional 2,400 square foot commercial property, situated on 1.3 acres at 8889 Hwy 29 S in Hull, GA, presents a unique investment opportunity. Its prime location boasts high traffic volume, with proximity to major retailers – a mere quarter-mile from an Ingles grocery store and two miles from a Kroger. The property benefits from its position in a rapidly expanding area, ensuring strong future potential. Essential utilities are readily available, including county water and sewer
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
STEEL FRAME
Total area
4,200 SF
Lot
1.03 ac (44,867 SF)
Zoning code
B
APN
0032A 005
UPID
US22-1253011
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$665k
Owner & transaction history
Iqbal Properties LLC · 2 yrs held
Iqbal Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
B · Hull, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+57.6%
Office building
$525,000
+34.1%
Auto repair, garage
$480,000
+22.1%
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 Hull submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hull 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%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$525,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$480,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$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
$4,523
Tax year 2023
Assessed value
$148,176
Assessed 2023
Previous assessed
$148,176
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$40,360
Assessed improvement
$107,816
Land market value
$100,900
Improvement market value
$269,540
Total market value
$370,440
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1994
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
4,200 SF
Lot
1.03 ac (44,867 SF)
Zoning code
B
APN
0032A 005
UPID
US22-1253011
Jurisdiction
MADISON
Zoning & alternative use
B · Hull, GA
Zoning B · permitted uses
B · Hull, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hull. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$480,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Iqbal Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8889 HWY 29TH S, HULL, GA 30646-3909
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 27, 2023
—
Iqbal Properties LLC
Muddsar LLC
Quit Claim Deed
related
—
Jun 28, 2023
—
Muddsar LLC
Iqbal Properties LLC
Warranty Deed
—
Jun 10, 2021
$400,000
Iqbal Properties LLC
Muddsar LLC
Warranty Deed
$347,000 · Muddsar
Jun 18, 2020
$225,000
Muddsar LLC
Stephen Nicholas Saunders
Warranty Deed
—
Nov 17, 2014
$200,000
Stephen Nicholas Saunders
Centurion Investments LLC
Warranty Deed
$203,000 · South State Bank
Jun 2, 2011
$120,000
Centurion Investments LLC
Branch Banking & Trust Company
Deed
$140,000 · The National Bank Of Georgia
Mar 22, 2011
—
Branch Banking & Trust Company
Branch Banking & Trust Company
Foreclosure
related
—
Apr 8, 2009
—
Ricky Miller
Michael Douglas Miller
Intrafamily Transfer
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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