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Property profile & analytics
OFF-MARKET
Estimated value
$8,160,000
Office buildings
1514 Cleveland Ave, East Point, GA 30344-6965
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-1342633
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Construction
WOOD
Total area
113,691 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I2
APN
14 015700100323
UPID
US22-1342633
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$8.16M
Owner & transaction history
Hallmark Wagon Works Phase II LP · 3 yrs held
Hallmark Wagon Works Phase II LP
since 2022
Last sale
$8.4M
6 recorded transactions
Zoning & alternative use
I2 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$8,140,000
ML approach
$9,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.16M
Range $7.34M – $8.98M · ±10% · vs last sale $8.36M (Sep 8 2022)
Last sale anchor
$8.36M
Sep 8 2022
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
$72 / 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
$62,383
Tax year 2023
Assessed value
$2,210,120
Assessed 2023
Previous assessed
$2,210,120
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$480,240
Assessed improvement
$1,729,880
Land market value
$1,200,600
Improvement market value
$4,324,700
Total market value
$5,525,300
Applied tax rate
20.0000
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
1920
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
113,691 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I2
APN
14 015700100323
UPID
US22-1342633
Jurisdiction
FULTON
Zoning & alternative use
I2 · East Point, GA
Zoning I2 · permitted uses
I2 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Hallmark Wagon Works Phase II LP
Entity
Free & Clear · 3 yrs held
Mailing address
3111 PACES ML RD SE STE A250, ATLANTA, GA 30339-5704
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$2,145,000
Hallmark Wagon Works Phase II LP
Colony Camp Creek LLC
Warranty Deed
—
Sep 8, 2022
$8,355,000
Hallmark Wagon Works LP
Colony Camp Creek LLC
Warranty Deed
—
Mar 5, 2018
—
Colony Camp Creek LLC
Thomas Preston Invs LLC
Quit Claim Deed
related
$600,000 · Heritage Bk/lafayette
Mar 5, 2018
$5,750,000
Colony Camp Creek LLC
Thomas Preston Investments LLC
Grant Deed
$4,000,000 · Heritage Bk
—
—
Colony Camp Creek LLC
—
Loan Modification
related
—
—
—
Colony Camp Creek LLC
—
Loan Modification
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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