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Property profile & analytics
FOR LEASE
Medical Office Space
1103 Plaza Ave Eastman, GA 31023
Entity Owned
20-yr Hold
Free & Clear
Property ID
US22-3445550
For Lease
Contact for pricing
1103 Plaza Ave, Eastman, GA 31023
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
5,368 SF
Lot
1.01 ac (43,996 SF)
Zoning code
RESIDENTIAL
APN
048 025K
UPID
US22-3445550
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
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$390k
Owner & transaction history
Plaza Avenue Properties LLC · 20 yrs held
Plaza Avenue Properties LLC
since 2006
1 recorded transaction
Zoning & alternative use
RESIDENTIAL · Eastman, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CityofEastmanZoning Revised
Top alternative use upside
Office building
$555,000
+8.6%
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 Eastman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastman 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$510,000
Current use
OFFICE BUILDING
$555,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$505,000
Change: -1% · Conversion: Easy
RETAIL STORES
$485,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$390k
Range $351k – $429k · ±10%
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
$73 / 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
$12,689
Tax year 2023
Assessed value
$380,796
Assessed 2023
Previous assessed
$380,796
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$22,288
Assessed improvement
$358,508
Land market value
$55,720
Improvement market value
$896,269
Total market value
$951,989
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2008
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
5,368 SF
Lot
1.01 ac (43,996 SF)
Zoning code
RESIDENTIAL
APN
048 025K
UPID
US22-3445550
Jurisdiction
DODGE
Zoning & alternative use
RESIDENTIAL · Eastman, GAZoning RESIDENTIAL · permitted uses
RESIDENTIAL · Eastman, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CityofEastmanZoning Revised
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$505,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2008
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Plaza Avenue Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1854 FORSYTH ST, MACON, GA 31201-1169
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2006
$130,000
Plaza Avenue Properties LLC
Seaborn J Harden
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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