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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Medical Office Space
1324 Hwy 138th SW, Riverdale, GA 30296-1404
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-1708529
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD FRAME
Total area
5,224 SF
Lot
0.99 ac (43,081 SF)
Zoning code
GB
APN
13-200B- A-010
UPID
US22-1708529
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
-
Tannisa Bailey Physician
-
Itauma Udosen Pediatrician Physician
-
Shontiaya Patterson Counselor Nurse Practitioner
-
Gloria Harden Physician
-
Isaac Ofori Amanfo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$810k
Owner & transaction history
Waltem LLC · 12 yrs held
Waltem LLC
since 2014
1 recorded transaction
Zoning & alternative use
GB · Riverdale, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$740,000
+10.6%
Warehouse, storage
$725,000
+8.6%
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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$665,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$155 / 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
$22,417
Tax year 2024
Assessed value
$573,600
Assessed 2024
Previous assessed
$540,000
+6.2% YoY
Effective rate
3.91%
On assessed value
Assessed land
$51,680
Assessed improvement
$521,920
Land market value
$129,200
Improvement market value
$1,304,800
Total market value
$1,434,000
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Rooms
5
Bathrooms
1
Total area
5,224 SF
Lot
0.99 ac (43,081 SF)
Zoning code
GB
APN
13-200B- A-010
UPID
US22-1708529
Jurisdiction
CLAYTON
Zoning & alternative use
GB · Riverdale, GA
Zoning GB · permitted uses
GB · Riverdale, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$645,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2002
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Rooms
5
Bathrooms
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Waltem LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 9TH 9, FAYETTEVILLE, GA 30214-0009
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2014
—
Waltem LLC
Caedel LLC
Warranty Deed
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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