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Property profile & analytics
FOR LEASE
Turn key restaurants
10 N Clarendon Ave, Avondale Estates, GA 30002
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-1179841
For Lease
1 / 45
$500/Mo
10 N Clarendon Ave, Avondale Estates, GA 30002
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
WOOD FRAME
Total area
4,476 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBDZ
APN
15 249 11 014
UPID
US22-1179841
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
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$915k
Owner & transaction history
Arepa Mia Properties LLC · 5 yrs held
Arepa Mia Properties LLC
since 2021
Last sale
$913,000
7 recorded transactions
Zoning & alternative use
CBDZ · Avondale Estates, GA
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 Avondale Estates submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale Estates 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
$900,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $913k (Apr 1 2021)
Last sale anchor
$913k
Apr 1 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
$204 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,441
Tax year 2024
Assessed value
$330,040
Assessed 2024
Previous assessed
$330,040
+0.0% YoY
Effective rate
4.68%
On assessed value
Assessed land
$230,840
Assessed improvement
$99,200
Land market value
$577,100
Improvement market value
$248,000
Total market value
$825,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
4,476 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBDZ
APN
15 249 11 014
UPID
US22-1179841
Jurisdiction
DE KALB
Zoning & alternative use
CBDZ · Avondale Estates, GA
Zoning CBDZ · permitted uses
CBDZ · Avondale Estates, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale Estates. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Arepa Mia Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10 N CLARENDON AVE STE A, AVONDALE ESTATES, GA 30002-1165
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Arepa Mia Properties LLC
—
Deed
related
$180,000 · Colony Bank
May 18, 2021
—
Arepa Mia Properties LLC
—
Deed
related
$378,000 · Florida Business Development
Apr 12, 2021
—
Arepa Mia Properties LLC
—
Deed
related
$462,500 · Southcrest Bank
Apr 1, 2021
—
Arepa Mia Properties LLC
Ar Holdings Two LLC
Warranty Deed
—
Apr 1, 2021
$913,000
Arepa Mia Properties LLC
Ar Holdings Two LLC
Warranty Deed
$370,000 · Southcrest Bank
Jun 19, 2013
—
Ar Holdings Two LLC
Cleveland Construction INC
Quit Claim Deed
related
—
Jun 19, 2013
$539,750
Ar Holdings Two LLC
Cleveland Construction INC
Grant Deed
related
—
Dec 5, 2012
—
Cleveland Construction INC
Century Of Ag-avondale LLC
Grant Deed
related
—
Dec 31, 2007
$1,600,000
Century Ag Avondale LLC
Fellinis Pizza INC
Grant Deed
—
Dec 31, 2007
—
Century Ag Avondale LLC
Fellinis Pizza INC
Grant Deed
related
—
Jul 28, 2005
$485,000
Fellinis Pizza INC
Inman Park Properties INC
Grant Deed
—
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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