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Property profile & analytics
OFF-MARKET
Estimated value
$8,140,000
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
$8.14M
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
Zoning description
The I2 District is to provide for light and heavy manufacturing, processing, assembly, packaging and warehousing operations, free from incompatible residential and commercial activities not directly serving or compatible with the industrial uses in order to achieve a favorable balance of land uses within the City.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
200.39 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 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
$8.14M
Range $7.33M – $8.95M · ±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, GAZoning 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
Zoning description
The I2 District is to provide for light and heavy manufacturing, processing, assembly, packaging and warehousing operations, free from incompatible residential and commercial activities not directly serving or compatible with the industrial uses in order to achieve a favorable balance of land uses within the City.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
200.39 ac
Source
Realmo
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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