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Property profile & analytics
OFF-MARKET
Estimated value
$28,785,000
Office buildings
1510 Ellsworth Industrial NW Blvd Atlanta, GA 30318-3700
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1135157
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1964
Total area
45,612 SF
Lot
6.74 ac (293,464 SF)
Zoning code
I2
APN
17 0191 LL0202
UPID
US22-1135157
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
-
American Hardwood Company Building Supply Mill
-
Local Marketing, Inc. Advertising Agency Marketing & Advertising
-
Redtail Technology Corporate Office
-
Compass Rose Events Inc Event Planning Wedding Service
-
Meta Media Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.80M
Blend (final)
Blend
$28.79M
Owner & transaction history
Redus Properties INC · 1 yrs held
Redus Properties INC
since 2025
Last sale
$29.7M
7 recorded transactions
Zoning & alternative use
I2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$26.2M
+53.8%
Restaurant
$24.8M
+45.7%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$30,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,180,000
Change: +54% · Conversion: Easy
RESTAURANT
$24,805,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$28.79M
Range $25.91M – $31.66M · ±10% · vs last sale $29.72M (Sep 22 2021)
Last sale anchor
$29.72M
Sep 22 2021
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
$631 / 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
$6,282,000
Assessed 2023
Previous assessed
$7,853,800
-20.0% YoY
Assessed land
$1,091,400
Assessed improvement
$5,190,600
Land market value
$2,728,500
Improvement market value
$12,976,500
Total market value
$15,705,000
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1964
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
45,612 SF
Lot
6.74 ac (293,464 SF)
Zoning code
I2
APN
17 0191 LL0202
UPID
US22-1135157
Jurisdiction
FULTON
Zoning & alternative use
I2 · Atlanta, GA
Zoning I2 · permitted uses
I2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
RESTAURANT
Est. value
$24.8M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1964
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
6.74 ac
Current owner
From public records · entity-resolved
Redus Properties INC
Entity
Free & Clear · 1 yrs held
Mailing address
1001 WOODWARD AVE FL 5TH, DETROIT, MI 48226-2723
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$56,000,000
Redus Properties INC
Wells Fargo Bank National Associati
Warranty Deed
—
Sep 22, 2021
$29,720,000
Ellsworth Atlanta Propco LLC
Oi Ellsworth LLC
Warranty Deed
—
Dec 20, 2017
—
Oi-ellsworth LLC
Stream Ellsworth LLC
Quit Claim Deed
related
—
Dec 20, 2017
$22,900,000
Oi Ellsworth LLC
Stream Ellsworth LLC
Limited Warranty Deed
$16,200,000 · Wells Fargo Bank NA
Oct 17, 2014
$5,600,000
Stream Ellsworth LLC
Midtown West Partners LLC
Grant Deed
—
Oct 17, 2014
—
Stream Ellsworth LLC
Midtown West Partners LLC
Quit Claim Deed
related
—
May 27, 2011
—
Midtown West Partners LLC
Gwwg LLC
Quit Claim Deed
related
—
May 27, 2011
$1,762,500
Midtown West Partners LLC
Gwwg II LLC
Grant Deed
—
Aug 22, 2008
—
Gwwg II LLC
Winburn,beverly Brooker
Grant Deed
related
—
—
—
Macwinburn,gene
—
Deed Of Trust
related
$325,000 · Southtrust Bk/w Fl
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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