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1240 Sigman Rd NW, Conyers, GA 30012
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Property summary
AI-generated overview
Faith Plaza is a 12,160-square-foot neighborhood retail strip center in Conyers, constructed in 2008. The property is situated along a primary commercial corridor and provides convenient access to Interstate 20, and it is located on Sigman Road NW without monument signage. It is configured with a mix of local and service-oriented retail spaces and is designed to accommodate multiple tenants. The center has been maintained with a relatively solid roof and functional HVAC systems, though some original HVAC units remain. Off-street parking is provided in an on-site lot, which has potential for cosmetic improvements such as resealing and restriping.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
STEEL FRAME
Total area
12,000 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BG/OI
APN
041-0-01-0250
UPID
US22-3641547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Church
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Hair Salon Nail Salon
-
Dental Office Pharmacy
-
Advertising Agency Newspaper & Magazine
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$490k
Owner & transaction history
Zoning & alternative use
BG/OI · Conyers, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$490k
Value range
$441k – $539k
±10% around blend
Estimated value / SF
$41 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$441k
blend $490k
$539k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
2.8 ac
Year built
2008
APN
041-0-01-0250
Zoning
BG/OI
Assessed value
$356,080
Annual tax
$20,154
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.84M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.3 mi away · 9,100 SF
11.3 mi away · 9,500 SF
11.4 mi away · 13,827 SF
12.4 mi away · 9,000 SF
16.6 mi away · 14,880 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$490k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$160
-74%
County 26 sales
$160
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $41/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$356k
Move the market yield to see immediate price impact.
Value / SF
$30
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$449k
$320k
$249k
$25k
$499k
$356k
$277k
$27k
$548k
$392k
$305k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$4.66M
11.2 mi · Sep 2025 · $322/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,154
Tax year 2023
Assessed value
$356,080
Assessed 2023
Previous assessed
$356,080
+0.0% YoY
Effective rate
5.66%
On assessed value
Assessed land
$35,840
Assessed improvement
$320,240
Land market value
$89,600
Improvement market value
$800,600
Total market value
$890,200
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Total area
12,000 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BG/OI
APN
041-0-01-0250
UPID
US22-3641547
Jurisdiction
ROCKDALE
Zoning & alternative use
BG/OI · Conyers, GAZoning BG/OI · permitted uses
BG/OI · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Lot
2.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BG/OI
Jurisdiction
Conyers, GA
Recorded code
BG/OI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BG/OI in Conyers, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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