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Property profile & analytics
FOR SALE
Commercial real estate
1030 Dr. Martin Luther King Pkwy Athens, GA 30601
Entity Owned
4-yr Hold
Property ID
US22-1071837
For Sale
1 / 13
$5,500,000
1030 Dr. Martin Luther King Pkwy, Athens, GA 30601
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
1,580 SF
Lot
2.46 ac (107,158 SF)
Zoning code
RM-1
APN
16-3-A4 B-004
UPID
US22-1071837
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
$4.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.40M
Owner & transaction history
Greenway House LLC · 4 yrs held
Greenway House LLC
since 2022
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
RM-1 · Athens, 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 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
$4,265,000
ML approach
$4,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.53M (Jan 11 2022)
Last sale anchor
$4.53M
Jan 11 2022
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
$2,785 / 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
$47,062
Tax year 2023
Assessed value
$1,646,070
Assessed 2023
Previous assessed
$1,646,070
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$240,000
Assessed improvement
$1,406,070
Land market value
$600,000
Improvement market value
$3,515,175
Total market value
$4,115,175
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2008
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
6
Bathrooms
4
Total area
1,580 SF
Lot
2.46 ac (107,158 SF)
Zoning code
RM-1
APN
16-3-A4 B-004
UPID
US22-1071837
Jurisdiction
CLARKE
Zoning & alternative use
RM-1 · Athens, GA
Zoning RM-1 · permitted uses
RM-1 · 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.
Building & site characteristics
From public records
Year built
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
15
Rooms
6
Bathrooms
4
Lot
2.46 ac
Current owner
From public records · entity-resolved
Greenway House LLC
Entity
Mailing address
3651 MARS HL RD STE #2400, WATKINSVILLE, GA 30677-6042
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$4,532,000
Greenway House LLC
Nms City View LLC
Warranty Deed
$3,299,300 · Robins Financial Credit Union
Apr 24, 2008
—
Manor Holdings LLC
Athens Commons LLC
Quit Claim Deed
related
$2,533,037 · Magnet Bank Fsb
Mar 13, 2007
$350,000
Athens Commons LLC
Garrett,richard H & Betty S
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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