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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Office buildings
1534 Decatur NE Rd Atlanta, GA 30307-1022
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US22-0963182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
WOOD FRAME
Total area
7,760 SF
Lot
0.56 ac (24,394 SF)
Zoning code
OI
APN
18 053 02 028
UPID
US22-0963182
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
-
Dr. Michael S. Howard, MD Physician
-
The Stoddard Firm: Serious Injury & Wrongful Death Lawyers Law Firm
-
Veterinary Acupuncture of Atlanta Veterinary Clinic
-
EQ Associates Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.73M
Owner & transaction history
Lullwater Wharf LLC · 7 yrs held
Lullwater Wharf LLC
since 2018
2 recorded transactions
Zoning & alternative use
OI · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+20.1%
Neighborhood: shopping center
$2.1M
+16.3%
Medical building
$2.1M
+16.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,705,000
7%
$1,585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,815,000
Current use
COMMERCIAL (GENERAL)
$2,180,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,110,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$2,110,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,970,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,740,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$222 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$34,148
Tax year 2024
Assessed value
$769,240
Assessed 2024
Previous assessed
$769,240
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$117,080
Assessed improvement
$652,160
Land market value
$292,700
Improvement market value
$1,630,399
Total market value
$1,923,099
Applied tax rate
4.0000
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
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
7,760 SF
Lot
0.56 ac (24,394 SF)
Zoning code
OI
APN
18 053 02 028
UPID
US22-0963182
Jurisdiction
DE KALB
Zoning & alternative use
OI · Atlanta, GA
Zoning OI · permitted uses
OI · 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
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lullwater Wharf LLC
Entity
Mailing address
1534 N DECATUR RD NE, ATLANTA, GA 30307-1022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2018
$2,000,000
Lullwater Wharf LLC
Darden,claibourne H JR
Grant Deed
$1,827,500 · Iberiabank
Aug 27, 2018
—
Lullwater Wharf LLC
Darden,claibourne H JR
Quit Claim Deed
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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