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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office buildings
115 Mcdonough St Decatur, GA 30030-3710
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1656179
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
WOOD FRAME
Total area
1,410 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C-1
APN
15 235 01 004
UPID
US22-1656179
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
-
HiddenLevers (Bike/Boat/Book/etc) Store Corporate Office
-
LIGHTROOM STUDIO Architect
-
T. Madden & Associates, P.C. Law Firm
-
Emerging Collective Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Claraddclo LLC · 3 yrs held
Claraddclo LLC
since 2022
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
C-1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+130.7%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$1,350,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Change: +131% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.70M (Dec 6 2022)
Last sale anchor
$1.70M
Dec 6 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
$1,103 / 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
$6,963
Tax year 2024
Assessed value
$693,480
Assessed 2024
Previous assessed
$680,000
+2.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$50,120
Assessed improvement
$643,360
Land market value
$125,300
Improvement market value
$1,608,400
Total market value
$1,733,700
Applied tax rate
92.0000
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
1932
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
1,410 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C-1
APN
15 235 01 004
UPID
US22-1656179
Jurisdiction
DE KALB
Zoning & alternative use
C-1 · Decatur, GA
Zoning C-1 · permitted uses
C-1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1932
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Claraddclo LLC
Entity
Mailing address
114 S MAIN ST, JONESBORO, GA 30236-3530
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$1,700,000
Claraddclo LLC
Gx Foundation INC
Warranty Deed
$850,000 · Bank Of America
Dec 6, 2022
—
Gx Foundation INC
Gxre LLC
Warranty Deed
—
Feb 3, 2020
—
Gxre LLC
Fargo Bk NA Wells
Quit Claim Deed
related
—
Mar 28, 2018
$1,212,500
Gxre LLC
Carpenter Architects PC
Grant Deed
$970,000 · Wfb NA
—
—
Carpenter Architects PC
—
Deed Of Trust
related
$450,000 · Cornerstone Bank
—
—
Architect Carpenter PC
—
Deed Of Trust
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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