Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1294 Iris SW Dr Conyers, GA 30094-5936

    • Commercial real estate
    • 5,198 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4168276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LongHorn Steakhouse / Restaurant

    Property Details for 1294 Iris SW Dr

    Year built
    2010
    Construction
    CONCRETE
    Lot size
    1.00 lot acres
    Property size
    5,198 SF
    Zone code
    BG
    Property type
    Commercial real estate
    APN
    C04-0-01-001A
    APU
    C04001001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,055,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $911,000
      Market price range: $231k - $912k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.0304
    Latitude
    33.6639
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,197
    $199,335
    $563,905
    $763,240
    -
    $498,337
    $1,409,763
    $1,908,100

    Comparable in this City

    • Value Estimation
      $680,000
      6,820 SF

      968 Klondike SW Ct

      COMMERCIAL (GENERAL) • 6,820 SF
      968 Klondike SW Ct, Conyers, GA 30094
      View Details
    • Value Estimation by Request
      452.95 Acres

      3211 Highway 212

      Land • 452.95 Acres
      3211 Highway 212, Conyers, GA 30094
      View Details
    • Value Estimation by Request
      102.00 Acres

      Lucia Sunrise St

      Land • 102.00 Acres
      Lucia Sunrise St, Conyers, GA 30094
      View Details
    • Value Estimation
      $1,175,000
      4,819 SF

      979 Iris SE Dr

      SHOW ROOM, WAREHOUSE • 4,819 SF
      979 Iris SE Dr, Conyers, GA 30094-5964
      View Details
    • Value Estimation
      $695,000
      4,928 SF

      915 Flt Shls SE Rd

      COMMERCIAL (GENERAL) • 4,928 SF
      915 Flt Shls SE Rd, Conyers, GA 30094-5911
      View Details
    • Value Estimation by Request
      36.77 Acres

      2100 Lennox SE Dr

      COMMERCIAL (GENERAL) • 36.77 Acres
      2100 Lennox SE Dr, Conyers, GA 30094
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.82 Acres

      Conyers Office Space - Prime Location

      One-level office, ideal for medical or professional use.
      1455 Old Mcdonough Hwy, Conyers, GA 30094
      View Details
    • $375,000
      1.25 Acres

      Conyers Commercial Land Parcel

      1.25-acre commercial lot, prime Conyers location.
      1840 Highway 138, Conyers, GA 30094
      View Details
    • $435,000
      1,056 SF

      495 Oglesby Bridge Rd, Conyers, GA 30094

      Commercial real estate • 1,056 SF
      495 Oglesby Bridge Rd, Conyers, GA 30094
      View Details
    • $100,000
      0.72 Acres

      Conyers Commercial Lot - Prime Location

      High-visibility lot, ideal for medical/professional use.
      1026 Freeway Dr, Conyers, GA 30094
      View Details
    • $485,000
      4.25 Acres

      Conyers Commercial Land Opportunity

      4.25 Acres, Restaurant Potential
      495 Oglesby Bridge Rd, Conyers, GA 30094
      View Details
    • $599,999
      8.70 Acres

      Conyers Commercial Land - 8.7 Acres

      Prime Commercial Land, I-20 Access
      2600 Iris Dr, Conyers, GA 30094
      View Details

    Similar Nearby for Lease

    • $71 SF/Yr
      21,816 SF

      Conyers Office Space for Lease

      Prime Conyers location, flexible office solutions
      1775 Parker Rd Bldg C, Conyers, GA 30094
      View Details
    • Contact for pricing
      18,600 SF

      Conyers Warehouse Space Available

      Multi-tenant warehouse in Conyers, GA with office space.
      Conyers, GA 30094
      View Details
    • Contact for pricing
      42,982 SF

      Conyers Retail Center

      Prime Conyers retail space available.
      875 Flat Shoals Rd, Conyers, GA 30094
      View Details
    • $2,325 /Mo
      2,325 SF

      Conyers Office Space Available

      Office space featuring multiple offices, conference rooms, and ample parking.
      1229 Royal Dr SW, Conyers, GA 30094
      View Details
    • $17 SF/Yr
      13,860 SF

      Conyers Retail Center Investment

      High-traffic retail space, Atlanta East Market
      1264 Parker Rd, Conyers, GA 30094
      View Details
    • $7 SF/Yr
      51,093 SF

      Industrial Warehouse with Office Space

      50,906 SF industrial property with warehouse, manufacturing, and office.
      1202 Royal Dr SW, Conyers, GA 30094
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1294 Iris SW Dr
    Conyers, GA 30094-5936
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.