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    Property profile & analytics

    1359 Milstead Rd Unit Conyers, GA 30012

    • Medical Office Space
    • 10,240 SF
    • 1.37 lot acres
    For Sale
    View listing
    $600
    Last Sale
    Apr 23, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1342334
    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

    • Taylor B Made LLC / Accounting Firm / Tax Preparation
    • The AjaPreneur Consulting Agency, LLC / Consultant
    • Healthy Hair By T @ ADORI Salon Health&Wellness / Hair Salon / Nail Salon
    • Eden Beauty Bar / Hair Salon
    • Olasimbo Babatope / Physician

    Property Details for 1359 Milstead Rd Unit

    Year built
    1980
    Construction
    WOOD
    Lot size
    1.37 lot acres
    Property size
    10,240 SF
    Zone code
    C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    067-0-02-015A
    APU
    067002015A

    Description

    Discover Mizizi Salon Suites, a premier 2,500 square foot commercial property located at 1359 Milstead Rd NE, Conyers, GA 30012, within the Rockdale submarket. This exceptional property offers multiple tenancy options, with three available suites ranging from 200 to 600 square feet, ideal for barbers, hairdressers, braiders, locticians, aestheticians, and massage therapists. Each suite boasts a spacious and beautifully designed layout, featuring modern amenities and state-of-the-art equipment. Enjoy a private and serene ambiance to ensure client comfort. Flexible lease terms are available to accommodate individual business needs. The property benefits from a prime location with high foot traffic and ample parking. Suites are available for weekly, daily, or hourly rental, with some fully furnished options. Pricing starts at $150 per week. This is an unparalleled opportunity to establish or expand your salon business in a prestigious and supportive environment, fostering growth and success within a community of like-minded professionals. The property is categorized as Office, Special Purpose, with subtypes including Executive Office, Coworking, and Creative Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,369,000
      Market price range: $1.12M - $2.55M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,885,000
      Current use
      RETAIL STORES
      $1,635,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.0016
    Latitude
    33.6792
    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
    $16,470
    $68,680
    $346,280
    $414,960
    -
    $171,700
    $865,700
    $1,037,400

    Comparable in this City

    • Value Estimation
      $1,895,000
      5,850 SF

      1292 Wellbrook NE Cir

      MEDICAL BUILDING • 5,850 SF
      1292 Wellbrook NE Cir, Conyers, GA 30012-8031
      View Details
    • Value Estimation by Request
      3,360 SF

      1309 Wellbrook NE Cir

      MEDICAL BUILDING • 3,360 SF
      1309 Wellbrook NE Cir, Conyers, GA 30012-3873
      View Details
    • Value Estimation by Request
      1,944 SF

      1315 Milstead NE Ave

      MEDICAL BUILDING • 1,944 SF
      1315 Milstead NE Ave, Conyers, GA 30012-3829
      View Details
    • Value Estimation by Request
      2,952 SF

      1311 Milstead NE Ave

      MEDICAL BUILDING • 2,952 SF
      1311 Milstead NE Ave, Conyers, GA 30012-3829
      View Details
    • Value Estimation
      $535,000
      4,800 SF

      1309 Milstead NE Rd

      MEDICAL BUILDING • 4,800 SF
      1309 Milstead NE Rd, Conyers, GA 30012-3874
      View Details
    • Value Estimation
      $745,000
      5,016 SF

      1612 Milstead NE Rd

      MEDICAL BUILDING • 5,016 SF
      1612 Milstead NE Rd, Conyers, GA 30012-3738
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      Prime medical office, high traffic area.
      1380 Milstead Ave, Conyers, GA 30012
      View Details
    • $25 SF/Yr
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      Conyers Medical Office Space

      17,056 sq ft Medical Office Suite
      1380 Milstead Ave, Conyers, GA 30012
      View Details
    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      Prime Medical Office, High Traffic
      1380 Milstead Ave, Conyers, GA 30012
      View Details
    • $600 /Mo

      Premium Salon Suite for Lease

      Luxury salon suites for barbers, hairdressers, and other beauty professionals.
      1359 Milstead Rd Ne, Conyers, GA 30012
      View Details
    • $2,700 /Mo
      5,016 SF

      Conyers Office Building For Lease

      Single-story office building in Rockdale County available for lease.
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      View Details
    • New
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      Downtown Conyers Commercial Space

      Versatile 6,000 sq ft space in high-traffic downtown area.
      902 Center St NE, Conyers, GA 30012
      View Details
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    Conyers, GA 30012
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    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
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