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Property profile & analytics
FOR LEASE
Office Spaces
215 Tallassee Rd Athens, GA 30606
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-1202765
For Lease
1 / 34
$3,645/Mo
215 Tallassee Rd, Athens, GA 30606
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1920
Construction
STEEL FRAME
Total area
4,038 SF
Lot
2.82 ac (122,839 SF)
Zoning code
C-N
APN
11-3- -018
UPID
US22-1202765
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
-
Las vales dominican hair salon Hair Salon Nail Salon
-
Snoop Smoke Shop (Bike/Boat/Book/etc) Store
-
Rude ink tattooz Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$525k
Owner & transaction history
Sss Properties LLC · 5 yrs held
Sss Properties LLC
since 2021
Last sale
$490,000
6 recorded transactions
Zoning & alternative use
C-N · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+14.8%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$340,000
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $490k (Feb 19 2021)
Last sale anchor
$490k
Feb 19 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
$130 / 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
$6,613
Tax year 2023
Assessed value
$211,600
Assessed 2023
Previous assessed
$211,601
0.0% YoY
Effective rate
3.13%
On assessed value
Assessed land
$109,642
Assessed improvement
$101,959
Land market value
$274,104
Improvement market value
$254,897
Total market value
$529,001
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1920
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
8
Total area
4,038 SF
Lot
2.82 ac (122,839 SF)
Zoning code
C-N
APN
11-3- -018
UPID
US22-1202765
Jurisdiction
CLARKE
Zoning & alternative use
C-N · Athens, GA
Zoning C-N · permitted uses
C-N · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$745,000
COMMERCIAL (GENERAL) Current
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
1920
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
8
Lot
2.82 ac
Current owner
From public records · entity-resolved
Sss Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3016 HENDERSON ML RD, ATLANTA, GA 30341-5602
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$490,000
Sss Properties LLC
Neena Tuckar
Warranty Deed
—
Feb 5, 2021
$490,000
Neena Tuckar
Tidal Estates INC
Warranty Deed
—
Feb 6, 2020
—
Tidal Estates INC
Mushtaq Pasha
Quit Claim Deed
—
Jan 12, 2018
$250,000
Mushtaq Pasha
Laurel Ridge Investment LLC
Grant Deed
$200,000 · Laurel Ridge Investments LLC
Jan 12, 2018
—
Laurel Ridge Investments LLC
Burt,keena F
Grant Deed
related
—
Sep 22, 2006
—
Laurel Ridge LLC
Burt,keena F
Warranty Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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