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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Turn key restaurants
1300 Iris SW Dr Conyers, GA 30094-5139
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-1757178
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2013
Construction
CONCRETE BLOCKS
Total area
6,176 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BG
APN
C04-0-01-002A
UPID
US22-1757178
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
-
Coaxum's Low Country Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$505k
Owner & transaction history
Hlcdbc INC · 11 yrs held
Hlcdbc INC
since 2015
2 recorded transactions
Zoning & alternative use
BG · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BG District is to provide suitable areas for the various types of community and regional oriented commercial activities including retail uses and wholesale uses, serving a large sector of the community, BG Districts are intended to be located along arterial streets and at locations that are appropriate for community and regional commercial…
Zone name
General Business
General category
COMMERCIAL
Zone area
349.14 ac
Source
Realmo
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$82 / 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
$47,697
Tax year 2023
Assessed value
$863,160
Assessed 2023
Previous assessed
$863,160
+0.0% YoY
Effective rate
5.53%
On assessed value
Assessed land
$124,720
Assessed improvement
$738,440
Land market value
$311,800
Improvement market value
$1,846,100
Total market value
$2,157,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2013
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Cooling
YES
Stories
1
Total area
6,176 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BG
APN
C04-0-01-002A
UPID
US22-1757178
Jurisdiction
ROCKDALE
Zoning & alternative use
BG · Conyers, GAZoning BG · permitted uses
BG · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the BG District is to provide suitable areas for the various types of community and regional oriented commercial activities including retail uses and wholesale uses, serving a large sector of the community, BG Districts are intended to be located along arterial streets and at locations that are appropriate for community and regional commercial areas, as opposed to locations that primarily serve local neighborhoods
Zone name
General Business
General category
COMMERCIAL
Zone area
349.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Hlcdbc INC
Entity
Free & Clear · 11 yrs held
Mailing address
885 WOODSTOCK RD STE #430, ROSWELL, GA 30075-2211
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2015
—
Hlcdbc INC
Corey,janelle D
Quit Claim Deed
related
—
Jul 10, 2015
$1,200,000
Hlcdbc INC
Corey,janelle D
Grant Deed
—
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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