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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Office Spaces
150 Evelyn C Neely Dr Athens, GA 30601-6007
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1252423
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
37,216 SF
Lot
4.75 ac (206,910 SF)
Zoning code
C-G
APN
16-4-A3 B-006
UPID
US22-1252423
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
-
Georgia Department of Labor State Government Office
-
Human Resources Department-Rehab Division Social Service Agency Charitable Organization
-
Employment Services Business Service Center Employment Agency
-
Athens Career Center Employment Agency
-
Dept. of Labor Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.80M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$5.71M
Owner & transaction history
Athens Dev Ptrs LLC · 21 yrs held
Athens Dev Ptrs LLC
since 2005
1 recorded transaction
Zoning & alternative use
C-G · Athens, 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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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%
$7,370,000
6.5%
$6,800,000
7%
$6,315,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,935,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±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
$153 / 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
Assessed value
$2,606,597
Assessed 2023
Previous assessed
$2,606,597
+0.0% YoY
Assessed land
$456,000
Assessed improvement
$2,150,597
Land market value
$1,140,000
Improvement market value
$5,376,492
Total market value
$6,516,492
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Total area
37,216 SF
Lot
4.75 ac (206,910 SF)
Zoning code
C-G
APN
16-4-A3 B-006
UPID
US22-1252423
Jurisdiction
CLARKE
Zoning & alternative use
C-G · Athens, GA
Zoning C-G · permitted uses
C-G · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$8.9M
MEDICAL 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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
4.75 ac
Current owner
From public records · entity-resolved
Athens Dev Ptrs LLC
Entity
Free & Clear · 21 yrs held
Mailing address
3060 PEACHTREE RD NW STE #1855, ATLANTA, GA 30305-2242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Apr 29, 2005
$1,190,000
Athens Dev Ptrs LLC
Nationwide Mortgage Services I
Grant Deed
—
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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