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    Property profile & analytics

    1550 Highway 138 SE Conyers, GA 30013

    • Retail space
    • 8,460 SF
    • 1.58 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0858868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • T-Mobile Experience Store / Cell Phone Store / Cell Phone Accessory Store
    • Five Guys / Hot Dog Stand / Restaurant
    • Jersey Mike's Subs / Caterer / Sandwich Shop
    • Pro Temps / Employment Agency
    • Sleep Number / Mattress Store / Bed Shop

    Property Details for 1550 Highway 138 SE

    Year built
    2016
    Construction
    WOOD
    Lot size
    1.58 lot acres
    Property size
    8,460 SF
    Zone code
    GVUV
    Property type
    Retail space
    APN
    075-0-01-0076
    APU
    750010076

    Description

    This exceptional 8,752-square-foot shopping center in Conyers, Georgia, presents a compelling investment opportunity. Boasting a 6.60% cap rate and 100% occupancy, the property features a diverse mix of four national tenants: T-Mobile, Sleep Number, Five Guys, and Jersey Mike's. Corporate tenants account for a substantial 87% of the income stream, ensuring stability and predictable returns. Constructed in 2016, the single-story building showcases high-quality brick construction and is situated on a 1.24-acre lot with ample parking (100 spaces). Located at 1550 Hwy 138 SE in Conyers (zip code 30013), this retail center benefits from its prime location in a high-traffic area, experiencing over 44,300 vehicles per day. The property enjoys high visibility and shared stoplight access with a newly constructed Chick-fil-A, further enhancing its appeal. The surrounding area boasts a strong daytime population of over 50,000 within a three-mile radius, making this a truly exceptional retail investment in the Atlanta MSA. The asking price is $4,439,000, translating to a price per square foot of $507.20. This stabilized investment offers a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving market. Conyers is the county seat of Rockdale County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,009,000
      Market price range: $200k - $1.01M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,350,000
      Current use
      MEDICAL BUILDING
      $1,555,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.0106
    Latitude
    33.6485
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,796
    $198,200
    $536,640
    $734,840
    -
    $495,500
    $1,341,600
    $1,837,100

    Comparable in this City

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    • Value Estimation by Request
      4,551 SF

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      1724 Ga-138, Conyers, GA 30013
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    • Value Estimation
      $705,000
      6,732 SF

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      RETAIL STORES (PERSONAL SERVICES) • 6,732 SF
      2021 Flt Shls SE Rd, Conyers, GA 30013-1814
      View Details
    • Value Estimation
      $2,600,000
      8,000 SF

      2590 Dogwood SE Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      2590 Dogwood SE Dr, Conyers, GA 30013-1537
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    • Value Estimation
      $910,000
      4,000 SF

      1730 Hwy 138th SE

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      1730 Hwy 138th SE, Conyers, GA 30013-1282
      View Details
    • Value Estimation
      $530,000
      4,551 SF

      1724 Hwy 138th SE

      RETAIL STORES (PERSONAL SERVICES) • 4,551 SF
      1724 Hwy 138th SE, Conyers, GA 30013-1282
      View Details

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    1550 Highway 138 SE
    Conyers, GA 30013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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