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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Office buildings
1550 Agape Way Decatur, GA 30035-1341
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0938002
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
8,708 SF
Lot
7.21 ac (314,068 SF)
Zoning code
RM-HD
APN
15 196 03 023
UPID
US22-0938002
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
-
WHSG-TV (Monroe/Atlanta) Television Studio Media Distribution
-
WHSG Television Studio Media Distribution
-
Trinity Broadcasting Network Television Studio Media Distribution
-
Aztec Warrior Studios Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.82M
Owner & transaction history
Ada 108 LLC · 6 yrs held
Ada 108 LLC
since 2019
5 recorded transactions
Zoning & alternative use
RM-HD · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+4.2%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$2,075,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,205,000
Current use
AUTO REPAIR, GARAGE
$2,300,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,115,000
Change: -4% · Conversion: Easy
RETAIL STORES
$2,030,000
Change: -8% · Conversion: Moderate
MEDICAL BUILDING
$2,020,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$209 / 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
$29,293
Tax year 2024
Assessed value
$625,000
Assessed 2024
Previous assessed
$625,000
+0.0% YoY
Effective rate
4.69%
On assessed value
Assessed land
$137,160
Assessed improvement
$487,840
Land market value
$342,900
Improvement market value
$1,219,600
Total market value
$1,562,500
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
1993
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
8,708 SF
Lot
7.21 ac (314,068 SF)
Zoning code
RM-HD
APN
15 196 03 023
UPID
US22-0938002
Jurisdiction
DE KALB
Zoning & alternative use
RM-HD · Decatur, GA
Zoning RM-HD · permitted uses
RM-HD · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1993
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
7.21 ac
Current owner
From public records · entity-resolved
Ada 108 LLC
Entity
Mailing address
2020 POWERS FRY RD SE UNIT #1365, ATLANTA, GA 30339-5166
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
Ada 108 LLC
—
Deed
related
$1,221,390 · Southern States Bank
Aug 3, 2020
—
Ada 108 LLC
—
Deed
related
$1,000,000 · Harris Auto Sales LLC
Jul 25, 2019
$1,562,500
Ada 108 LLC
Trinity Christian Ctr Of Santa An
Grant Deed
$1,000,000 · Harris Auto Sales LLC
Jul 25, 2019
—
Ada 108 LLC
Trinity Christian Ctr Of Santa An
Quit Claim Deed
related
—
—
—
Ada 108 LLC
—
Loan Modification
related
$1,000,000 · Harris Auto Sales LLC
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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