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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
1400 Wellbrook NE Cir Conyers, GA 30012-3825
Individually Owned
19-yr Hold
Free & Clear
Property ID
US22-0950562
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
WOOD
Total area
9,900 SF
Lot
0.87 ac (37,897 SF)
Zoning code
BN
APN
067-0-02-015E
UPID
US22-0950562
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
-
Emory Heart & Vascular Center: Trivedi Abhay MD Physician
-
Center For Sight Ophthalmologist
-
Scott Anderson, MD Physician
-
Azizul Hoque, MD Physician
-
Philip Newman Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$1.36M
Owner & transaction history
Philip E Newman · 19 yrs held
Philip E Newman
since 2006
1 recorded transaction
Zoning & alternative use
BN · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The BN District is composed primarily of low-intensity retail and commercial services generally designed to satisfy the common and frequent needs of the residents of nearby neighborhoods, It is the intent of this district to encourage such uses to be of a residential scale and character that is compatible with adjacent neighborhoods
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
84.77 ac
Source
Realmo
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
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
$1,825,000
Current use
RETAIL STORES
$1,580,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$137 / 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
$33,083
Tax year 2023
Assessed value
$596,440
Assessed 2023
Previous assessed
$596,440
+0.0% YoY
Effective rate
5.55%
On assessed value
Assessed land
$48,480
Assessed improvement
$547,960
Land market value
$121,200
Improvement market value
$1,369,900
Total market value
$1,491,100
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
Off-Market
Year built
1991
Construction
WOOD
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Bathrooms
1
Total area
9,900 SF
Lot
0.87 ac (37,897 SF)
Zoning code
BN
APN
067-0-02-015E
UPID
US22-0950562
Jurisdiction
ROCKDALE
Zoning & alternative use
BN · Conyers, GAZoning BN · permitted uses
BN · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The BN District is composed primarily of low-intensity retail and commercial services generally designed to satisfy the common and frequent needs of the residents of nearby neighborhoods, It is the intent of this district to encourage such uses to be of a residential scale and character that is compatible with adjacent neighborhoods
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
84.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING Current
RETAIL STORES
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
1991
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Philip E Newman
Individual
Free & Clear · 19 yrs held
Mailing address
95 BRANSFORD RD, ATLANTA, GA 30342-1423
Ownership since
2006
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
Nov 7, 2006
—
Philip E Newman
Wellbrook,professional Cen
Grant 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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