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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Strip malls
1363 Iris SE Dr, Conyers, GA 30013-1768
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0963530
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
BRICK
Total area
22,960 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GVUV
APN
075-0-01-007L
UPID
US22-0963530
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Sun Rock LLC · 4 yrs held
Sun Rock LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
GVUV · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+113.4%
Commercial (general)
$2.6M
+83.2%
Medical building
$2.3M
+57.1%
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
$2,620,000
ML approach
$2,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,055,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,620,000
Change: +83% · Conversion: Easy
MEDICAL BUILDING
$2,250,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,705,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,640,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,595,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10% · vs last sale $2.55M (May 13 2022)
Last sale anchor
$2.55M
May 13 2022
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
$113 / 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
$36,201
Tax year 2023
Assessed value
$676,360
Assessed 2023
Previous assessed
$676,360
+0.0% YoY
Effective rate
5.35%
On assessed value
Assessed land
$163,271
Assessed improvement
$513,089
Land market value
$408,177
Improvement market value
$1,282,723
Total market value
$1,690,900
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Bathrooms
7
Total area
22,960 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GVUV
APN
075-0-01-007L
UPID
US22-0963530
Jurisdiction
ROCKDALE
Zoning & alternative use
GVUV · Conyers, GA
Zoning GVUV · permitted uses
GVUV · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1983
Construction
BRICK
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
7
Lot
2.72 ac
Current owner
From public records · entity-resolved
Sun Rock LLC
Entity
Mailing address
PO BOX 1056, ALPINE, NJ 07620-1056
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$2,550,000
Sun Rock LLC
S&s Hale Properties LLC
Warranty Deed
$1,785,000 · Keypoint Credit Union
Aug 22, 2019
—
S & S Hale Properties LLC
Mentor Rentals INC
Correction Deed
related
$1,350,000 · Miscellaneous Ins Co
Apr 12, 2006
$1,875,000
S S Hale Properties LLC
Mentor Rentals INC
Grant Deed
—
—
—
S S Hale Properties LLC
—
Deed Of Trust
related
$1,537,500 · United Community Bank
—
—
S & S Hale Properties LLC
—
Deed Of Trust
related
$1,424,467 · United Community Bank
—
—
S & S Hale Properties LLC
—
Deed Of Trust
related
$1,350,000 · Miscellaneous Ins Co
—
—
S & S Hale Properties LLC
—
Deed Of Trust
related
$1,454,481 · United Community Bank
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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