Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1431 Iris SE Dr Conyers, GA 30013-1793

    • Office buildings
    • 9,520 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1613020
    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

    • Office buildings

    Property Details for 1431 Iris SE Dr

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    9,520 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    075-0-01-006G
    APU
    075001006G

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $863,000
      Market price range: $803k - $1.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,135,000
      Current use
      RETAIL STORES
      $1,520,000
      Change: +34% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $930,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9973
    Latitude
    33.648
    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
    $9,991
    $55,240
    $196,480
    $251,720
    -
    $138,100
    $491,200
    $629,300

    Comparable in this City

    • Value Estimation
      $1,405,000
      10,238 SF

      1996 Centennial Olympic NE Pkwy

      OFFICE BUILDING • 10,238 SF
      1996 Centennial Olympic NE Pkwy, Conyers, GA 30013-6507
      View Details
    • Value Estimation
      $1,695,000
      10,192 SF

      2171 Eastview Pkwy

      OFFICE BUILDING • 10,192 SF
      2171 Eastview Pkwy, Conyers, GA 30013-5756
      View Details
    • Value Estimation by Request
      3,530 SF

      2375 Wall SE St

      OFFICE BUILDING • 3,530 SF
      2375 Wall SE St, Conyers, GA 30013-6702
      View Details
    • Value Estimation
      $605,000
      6,171 SF

      1701 Ellington SE Rd

      OFFICE BUILDING • 6,171 SF
      1701 Ellington SE Rd, Conyers, GA 30013-2192
      View Details
    • Value Estimation
      $725,000
      7,572 SF

      2047 Gees Ml NE Rd

      OFFICE BUILDING • 7,572 SF
      2047 Gees Ml NE Rd, Conyers, GA 30013-1359
      View Details
    • Value Estimation by Request
      1,684 SF

      371 Gees Ml Business NE Pkwy

      OFFICE BUILDING • 1,684 SF
      371 Gees Ml Business NE Pkwy, Conyers, GA 30013-1585
      View Details

    Similar Nearby for Sale

    • $725,000
      5,040 SF

      Versatile Commercial Office Building

      Commercial office building with potential for four suites.
      1806 Over Lake Dr SE, Conyers, GA 30013
      View Details
    • Contact for pricing

      Conyers Office/Medical Building For Sale

      Office/medical building in Conyers, suitable for various uses.
      2215 Exchange Pl Se, Conyers, GA 30013
      View Details
    • $199,000
      Pending

      Conyers Land with Development Potential

      17+ acres of land with clear areas in Conyers.
      Mccart Rd, Conyers, GA 30013
      View Details
    • $600,000

      Commercial Land on Highway 138

      2-acre commercial parcel with high-traffic frontage on Highway 138.
      1849 Georgia 138, Conyers, GA 30013
      View Details
    • Contact for pricing

      Conyers Duplex Investment Opportunity

      Duplex in Conyers, GA, ideal for investors seeking cash flow.
      2613 Shore Wood Ct NE, Conyers, GA 30013
      View Details
    • $858,000

      Conyers Land Parcel For Sale

      3.401 acre land parcel suitable for senior housing development.
      1960 Flat Shoals Rd SE, Conyers, GA 30013
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,800 SF

      Conyers Office Space for Lease

      Modern Office Suites in Prime Conyers Location
      1927 Old Highway 138, Conyers, GA 30013
      View Details
    • $25 SF/Yr
      24,010 SF

      Rockdale Medical Office Building

      Conyers, GA: Medical Office Space Available
      1380 Milstead Ave, Conyers, GA 30013
      View Details
    • $12 SF/Yr
      9,000 SF

      Conyers Executive Office Suite for Lease

      Prime Conyers office, 400 sq ft, single tenant.
      2047 Gees Mill Rd, Conyers, GA 30013
      View Details
    • Contact for pricing

      Luxury Townhomes for Rent

      New luxury two- and three-bedroom townhomes in Conyers, Georgia.
      10 Bridgestone Ave, Conyers, GA 30013
      View Details
    • Contact for pricing
      118,916 SF

      Conyers Commons Retail Space Available

      Prime Conyers retail space, multiple units.
      2203 Ga-20, Conyers, GA 30013
      View Details
    • $4,166 /Mo
      2,000 SF

      New Retail Space with Drive-Through

      2,000 SF corner retail space with drive-through in Conyers.
      597 Sigman Rd NE, Conyers, GA 30013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1431 Iris SE Dr
    Conyers, GA 30013-1793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!