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Property profile & analytics
OFF-MARKET
Estimated value
$17,445,000
Motels
1380 Virginia Ave East Point, GA 30344-5227
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0965272
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Total area
309,136 SF
Lot
5.03 ac (219,107 SF)
Zoning code
C1
APN
14 013000110605
UPID
US22-0965272
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.45M
Owner & transaction history
1380 Virginia Hospitality LLP · 9 yrs held
1380 Virginia Hospitality LLP
since 2017
7 recorded transactions
Zoning & alternative use
C1 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$56 / 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
$372,333
Tax year 2023
Assessed value
$11,206,080
Assessed 2023
Previous assessed
$7,105,000
+57.7% YoY
Effective rate
3.32%
On assessed value
Assessed land
$1,307,800
Assessed improvement
$9,898,280
Land market value
$3,269,500
Improvement market value
$24,745,700
Total market value
$28,015,200
Applied tax rate
15.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Units
330
Total area
309,136 SF
Lot
5.03 ac (219,107 SF)
Zoning code
C1
APN
14 013000110605
UPID
US22-0965272
Jurisdiction
FULTON
Zoning & alternative use
C1 · East Point, GA
Zoning C1 · permitted uses
C1 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Units
330
Lot
5.03 ac
Current owner
From public records · entity-resolved
1380 Virginia Hospitality LLP
Entity
Mailing address
1308 VIRGINIA HOSPITALITY LLP, FARGO, ND 58104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 21, 2023
—
1380 Virginia Hospitality LLC
—
Deed
related
$21,210,000 · Bremer Bank
Dec 27, 2021
—
1380 Virginia Hospitality LLP
—
Deed
related
$22,708,800 · Agrivision Financial Services
Dec 28, 2018
—
1380 Virginia Hospitality LLC
—
Grant Deed
related
$24,000,000 · Trmt Cb Lender LLC
Jun 8, 2017
$27,000,000
1380 Virginia Hospitality LLP
Lm-atlanta Airport INC
Trustees Deed
$20,250,000 · Bank Of America
Dec 22, 2016
—
Lm Atlanta Airport INC
—
Deed
related
$18,000,000 · Us Bank
Jan 15, 2009
$17,500,000
Lm Atlanta Airport INC
Shg Atlanta Airport LLC
Grant Deed
—
Dec 20, 2006
$12,920,000
Shg-atlanta Airport LLC
Felcor Lodging Co LLC
Grant Deed
$70,000,000 · Legg Mason R/e Cap'l
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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