Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a fully occupied, two-building executive office complex located at 1009 Milstead Avenue NE in Conyers, Georgia. The property, situated on a 0.65-acre lot, boasts a total of 9,028 square feet across six individual units, currently generating a net operating income (NOI) exceeding $112,800 annually. Built in 1989 and extensively renovated in 2023, this Class B property features a two-story design and is zoned O&I, allowing for a variety of uses. The complex comprises two separate buildings, conveniently located within walking distance of the courthouse and Old Town Conyers, offering excellent visibility and accessibility. Each of the six units is currently leased under a gross lease agreement, ensuring a consistent income stream for the owner. The property's 100% occupancy rate speaks to its strong tenant base and desirable location. This turnkey investment is perfect for those seeking a stable, high-return commercial real estate asset in a thriving Georgia market. The property's address is 1009 & 1115 Milstead Ave NE, Conyers, GA 30012. The asking price is $895,000. Showings are by appointment only. The property includes medical and general office spaces. The parcel number is C250010020.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
4,514 SF
Lot
0.65 ac (28,314 SF)
Zoning code
OI/PUD
APN
C25-0-01-0020
UPID
US22-4314182
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Business Management Consultant
-
Publishing House Newspaper & Magazine
-
Local Government Office
-
Pediatrician Medical Clinic
-
Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$715k
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
OI/PUD · Conyers, GA
Top alternative use upside
Medical building
$830,000
+27.7%
Retail stores
$720,000
+10.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$715k
Value range
$644k – $787k
±10% around blend
Estimated value / SF
$158 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$644k
blend $715k
$787k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,514 SF
Lot area
0.65 ac
Year built
1989
Stories
2
APN
C25-0-01-0020
Zoning
OI/PUD
Assessed value
$217,000
Annual tax
$11,757
3
Income approach: direct capitalization
Partial preview
Income approach indication
$990k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.08M
@ 6.5% CAP return
$990k
@ 7% CAP return
$920k
4
Sales comparison
Partial preview
Sales approach indication
$653k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 3,268 SF
15.6 mi away · 4,200 SF
17.5 mi away · 3,432 SF
18.2 mi away · 3,198 SF
23.0 mi away · 3,642 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$715k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$144
+10%
Submarket 53 sales
$119
+33%
County 54 sales
$120
+32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $158/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+28%
vs current-use indication
Retail Stores
Office Building · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
9.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.00%
9.0%
NOI (est.)
$15k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$169k
Move the market yield to see immediate price impact.
Value / SF
$37
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.50%9.00%9.50%
$14k
$161k
$152k
$144k
$15k
$179k
$169k
$160k
$17k
$197k
$186k
$176k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$615k
1.0 mi · Jan 2026 · $121/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,757
Tax year 2023
Assessed value
$217,000
Assessed 2023
Previous assessed
$217,000
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$27,040
Assessed improvement
$189,960
Land market value
$67,600
Improvement market value
$474,900
Total market value
$542,500
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,514 SF
Lot
0.65 ac (28,314 SF)
Zoning code
OI/PUD
APN
C25-0-01-0020
UPID
US22-4314182
Jurisdiction
ROCKDALE
Zoning & alternative use
OI/PUD · Conyers, GAZoning OI/PUD · permitted uses
OI/PUD · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OI/PUD
Jurisdiction
Conyers, GA
Recorded code
OI/PUD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI/PUD in Conyers, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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