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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Office buildings
115 Commerce Cir Fayetteville, GA 30214-1303
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1177129
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,151 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C C2
APN
0530 123
UPID
US22-1177129
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
-
School Of Music Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$1.04M
Owner & transaction history
Francis Myles International INC · 2 yrs held
Francis Myles International INC
since 2023
Last sale
$837,500
5 recorded transactions
Zoning & alternative use
C C2 · Fayetteville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+61.3%
Retail stores
$1.2M
+57.7%
Auto repair, garage
$950,000
+28.8%
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$1,035,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$950,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $838k (Oct 6 2023)
Last sale anchor
$838k
Oct 6 2023
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
$201 / 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
$3,748
Tax year 2023
Assessed value
$123,118
Assessed 2023
Previous assessed
$123,118
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$23,524
Assessed improvement
$99,594
Land market value
$58,810
Improvement market value
$248,985
Total market value
$307,795
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
5,151 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C C2
APN
0530 123
UPID
US22-1177129
Jurisdiction
FAYETTE
Zoning & alternative use
C C2 · Fayetteville, GAZoning C C2 · permitted uses
C C2 · Fayetteville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$780,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Francis Myles International INC
Entity
Mailing address
115 COMMERCE CIR, FAYETTEVILLE, GA 30214-1303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$837,500
Francis Myles International INC
Houston S Rozelle JR Revocable Livi
Trustees Deed
related
$418,750 · The First Bank
Jul 15, 2019
—
Rozelle,houston S JR Living Trust
Houston S Rozelle JR.
Quit Claim Deed
related
—
—
—
Houston S Rozelle JR.
—
Loan Modification
related
$1,600,000 · Branch Bk&tr
—
—
Houston S Rozelle JR.
—
Deed Of Trust
related
$405,590 · Bank Of The Ozarks
—
—
Houston S Rozelle JR
—
Deed Of Trust
related
$405,590 · Bank Of The Ozarks
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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