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Property profile & analytics
OFF-MARKET
Outlet malls
Lks Blvd Lake Park, GA 31636
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-3497696
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
2,400 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R-6
APN
0199-265
UPID
US22-3497696
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ritters Commercial Properties LLC · 3 yrs held
Ritters Commercial Properties LLC
since 2023
Last sale
$130,000
2 recorded transactions
Zoning & alternative use
R-6 · Lake Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-6 Multi-Family Residential: The purpose of this district is to provide orderl y development of high density residential areas for one family dwellings, with minimum lot si zes of 6,000 square feet for a one family dwelling, said areas being protected from th e encroachment of those uses which are incompatible to a desirabl e residential environment. If dev…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
197.75 ac
Source
Zoning Ordinance
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 Lake Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,799
Tax year 2023
Assessed value
$61,005
Assessed 2023
Previous assessed
$61,005
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$34,330
Assessed improvement
$26,675
Land market value
$85,826
Improvement market value
$66,687
Total market value
$152,513
Applied tax rate
12.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,400 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R-6
APN
0199-265
UPID
US22-3497696
Jurisdiction
LOWNDES
Zoning & alternative use
R-6 · Lake Park, GAZoning R-6 · permitted uses
R-6 · Lake Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-6 Multi-Family Residential: The purpose of this district is to provide orderl y development of high density residential areas for one family dwellings, with minimum lot si zes of 6,000 square feet for a one family dwelling, said areas being protected from th e encroachment of those uses which are incompatible to a desirabl e residential environment. If developed multi-family housing, th e maximum allowable density is 14 units pe r acre provided water and sewerage is approved by the Lowndes County Health Department.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
197.75 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Ritters Commercial Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 310, LAKE PARK, GA 31636-0310
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Ritters Commercial Properties LLC
Eugene Devane Ritter
Quit Claim Deed
related
—
Jan 11, 2019
$130,000
Eugene Devane Ritter
Farmers And Merchants Bank
Warranty Deed
$62,000 · Aggeorgia Farm Credit
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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