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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Drive through restaurants
1220 Tech Dr Norcross, GA 30093-2504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0822914
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Construction
WOOD
Total area
1,609 SF
Lot
0.79 ac (34,412 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-186 -037
UPID
US22-0822914
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
-
Checkers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$1.10M
Owner & transaction history
Dallas Heights Associates LLC · 3 yrs held
Dallas Heights Associates LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$1,185,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$835,000
Current use
AUTO REPAIR, GARAGE
$720,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.09M (Jan 30 2023)
Last sale anchor
$1.09M
Jan 30 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
$681 / 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
$9,824
Tax year 2023
Assessed value
$258,000
Assessed 2023
Previous assessed
$258,000
+0.0% YoY
Effective rate
3.81%
On assessed value
Assessed land
$65,400
Assessed improvement
$192,600
Land market value
$163,500
Improvement market value
$481,500
Total market value
$645,000
Applied tax rate
1.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
1,609 SF
Lot
0.79 ac (34,412 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-186 -037
UPID
US22-0822914
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Dallas Heights Associates LLC
Entity
Mailing address
369 E 82ND ST, NEW YORK, NY 10028-4103
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
$1,090,000
Dallas Heights Associates LLC
Dosani Enterprises INC
Warranty Deed
$1,025,000 · Symetra Life Insurance
Oct 17, 2018
—
Dosani Ents INC
—
Deed
related
$700,000 · United Bk
Mar 6, 2017
$420,000
Dosani Ents INC
Pvg Properties LLC
Grant Deed
$660,000 · United Bk
Mar 6, 2017
—
Dosani Ents INC
Pvg Properties LLC
Quit Claim Deed
related
—
Dec 1, 2014
$272,700
Pvg Properties LLC
Ronald O Mcafee & E W Keller
Grant Deed
—
Mar 31, 2008
—
Ronald O Mcafee
Mcafee,mark S
Quit Claim Deed
related
—
Jan 1, 2008
—
Ronald O Mcafee
Mcafee,mark S
Quit Claim Deed
related
—
Jan 18, 2006
$10,000
Mark S Mcafee
Dietz,timothy J
Quit Claim Deed
—
Oct 15, 2004
$6,500
Ronald O Mcafee
Arnold,bobby
Quit Claim Deed
related
—
—
—
Dosani Ents INC
—
Loan Modification
related
$700,000 · United Bk
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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