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Property profile & analytics
FOR SALE
Medical Office Space
1388 Wellbrook Cir NE Conyers, GA 30012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1126904
For Sale
1 / 32
$1,395,000
1388 Wellbrook Cir NE, Conyers, GA 30012
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Property summary
AI-generated overview
This exceptional investment opportunity presents a portfolio of two Class B medical office buildings totaling 16,280 square feet, situated on a 39,247 square foot lot in Conyers, Georgia (30012). Currently 100% occupied by two tenants under a triple net (NNN) lease structure, the portfolio boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $342,255. Built in 1994, these single-story buildings feature 60 parking spaces and are zoned OI. The primary tenant, operating a busy pain management clinic including surgical suites, has a 10-year lease renewal commencing November 1, 2024. A secondary tenant occupies approximately 19% of one building and has a lease with 2.5 years remaining. The properties are strategically located near Piedmont Rockdale and Piedmont Newton hospital campuses, benefiting from high visibility and convenient access. This portfolio offers a compelling investment opportunity with stable income and significant growth potential in a thriving medical market. The asking price is $4,280,000.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD
Total area
5,000 SF
Lot
0.87 ac (37,897 SF)
Zoning code
OI
APN
067-0-02-015F
UPID
US22-1126904
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
-
Zwade Marshall Physician
-
William Newby Physician
-
De.neekman Medical Clinic
-
Shawn Christopher Cable Physician
-
Marcia Steinberg, CRNA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.40M
Owner & transaction history
Ccmo LLC · 1 yrs held
Ccmo LLC
since 2025
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
OI · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Conyers GIS Main Page
Top alternative use upside
Commercial (general)
$1.6M
+73.8%
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
$1,355,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$920,000
Current use
COMMERCIAL (GENERAL)
$1,600,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.60M (Feb 20 2025)
Last sale anchor
$1.60M
Feb 20 2025
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
$279 / 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
$21,765
Tax year 2023
Assessed value
$389,080
Assessed 2023
Previous assessed
$389,080
+0.0% YoY
Effective rate
5.59%
On assessed value
Assessed land
$48,720
Assessed improvement
$340,360
Land market value
$121,800
Improvement market value
$850,900
Total market value
$972,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1994
Construction
WOOD
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Bathrooms
2
Total area
5,000 SF
Lot
0.87 ac (37,897 SF)
Zoning code
OI
APN
067-0-02-015F
UPID
US22-1126904
Jurisdiction
ROCKDALE
Zoning & alternative use
OI · Conyers, GAZoning OI · permitted uses
OI · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Conyers GIS Main Page
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING Current
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
1994
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Ccmo LLC
Entity
Mailing address
1500 LACHONA CT NE, ATLANTA, GA 30329-3482
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
$1,600,000
Ccmo LLC
Berlin Ltd LLC
Deed
$3,200,000 · Peoples Bank And Trust
Jul 31, 2018
$2,600,000
Berlin Ltd LLC
Robbins Dobson LLC
Trustees Deed
$3,300,000 · Readycap Com'l
Nov 10, 2014
$2,409,324
Robbins Dobson LLC
1388 Wellbrook Circle LLC
Grant Deed
—
Nov 19, 2008
$700,139
1388 Wellbrook Circle LLC
Laurus Partners LLC
Grant Deed
—
Jan 9, 2008
$900,000
Laurus Partners LLC
Wellbrook Associates INC
Deed
$720,000 · Eastside Com'l Bk
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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