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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Commercial land
Market Pl Blvd Locust Grove, GA 30248
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-3663050
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
11.79 ac (513,572 SF)
APN
112-01013032
UPID
US22-3663050
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
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Locust Grove Hospitality LLC · 2 yrs held
Locust Grove Hospitality LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Locust Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Grove 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
$1,270,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.27M (Mar 29 2024)
Last sale anchor
$1.27M
Mar 29 2024
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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,065
Tax year 2024
Assessed value
$232,200
Assessed 2024
Previous assessed
$232,200
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$232,200
Land market value
$580,500
Total market value
$580,500
Applied tax rate
5.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
11.79 ac (513,572 SF)
APN
112-01013032
UPID
US22-3663050
Jurisdiction
HENRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
11.79 ac
Current owner
From public records · entity-resolved
Locust Grove Hospitality LLC
Entity
Mailing address
MARKET PLACE, BLVD, GA
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$1,268,729
Locust Grove Hospitality LLC
Stlc LLC
Warranty Deed
—
Nov 30, 2023
$210,252
Mk2 Hospitality LLC
Stlc LLC
Warranty Deed
—
May 16, 2022
$1,620,000
Mk 2 Hospitality LLC
Stlc LLC
Limited Warranty Deed
—
Nov 27, 2019
$650,000
Royal Seven Food L LLC
Stlc LLC
Grant Deed
—
Apr 27, 2018
—
Us Hospitality Management LLC
—
Deed
related
$5,617,500 · United Bk/mclean
Sep 26, 2017
$1,250,000
Forsyth Hospitality INC
Stlc LLC
Grant Deed
—
Jul 18, 2017
—
A2 General Services INC
—
Deed
related
$3,360,000 · Community Bk/pickens
Jun 17, 2016
$740,100
A2 General Services INC
Stlc LLC
Grant Deed
$2,200,000 · Community Bk/pickens
—
—
A2 General Services INC
—
Deed Of Trust
related
$3,360,000 · Community Bk/pickens
—
—
Us Hospitality Management LLC
—
Deed Of Trust
related
$5,617,500 · United Bk/mclean
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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