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Property profile & analytics
OFF-MARKET
Estimated value
$10,790,000
Office buildings
1551 Juliette Dr, Stone Mountain, GA 30083-1509
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1160387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
50,816 SF
Lot
22.75 ac (990,816 SF)
Zoning code
M
APN
18 137 01 009
UPID
US22-1160387
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
by Request
CAP Approach
CAP
$11.17M
Comparable Approach
Comparable
$14.63M
Blend (final)
Blend
$10.79M
Owner & transaction history
Elman Stone Mtn Associates LLC · 8 yrs held
Elman Stone Mtn Associates LLC
since 2018
6 recorded transactions
Zoning & alternative use
M · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.8M
+56.3%
Retail stores
$12.9M
+46.0%
Auto repair, garage
$11.0M
+24.4%
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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%
$12,095,000
6.5%
$11,165,000
7%
$10,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,805,000
Current use
RESTAURANT
$13,760,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$12,855,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,950,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,570,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$9,545,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$10.79M
Range $9.71M – $11.87M · ±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
$212 / 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
$423,619
Tax year 2024
Assessed value
$9,319,280
Assessed 2024
Previous assessed
$5,996,440
+55.4% YoY
Effective rate
4.55%
On assessed value
Assessed land
$1,978,825
Assessed improvement
$7,340,455
Land market value
$4,947,063
Improvement market value
$18,351,137
Total market value
$23,298,200
Applied tax rate
90.0000
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
1974
Heating
NONE
Cooling
YES
Stories
4
Total area
50,816 SF
Lot
22.75 ac (990,816 SF)
Zoning code
M
APN
18 137 01 009
UPID
US22-1160387
Jurisdiction
DE KALB
Zoning & alternative use
M · Stone Mountain, GA
Zoning M · permitted uses
M · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.8M
RESTAURANT
Est. value
$13.8M
RETAIL STORES
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$9.5M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Heating
NONE
Cooling
Yes
Stories
4
Lot
22.75 ac
Current owner
From public records · entity-resolved
Elman Stone Mtn Associates LLC
Entity
Free & Clear · 8 yrs held
Mailing address
950 3RD AVE STE #2500, NEW YORK, NY 10022-2884
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
—
Elman Stone Mtn Associates LLC
Rubicon-juliette LLC
Quit Claim Deed
related
—
Jan 5, 2018
$818,050
Elman Stone Mtn Associates LLC
Rubicon-juliette LLC
Grant Deed
—
Sep 17, 2008
—
1551 Juliette Road LLC
Cumberland Parkway Assocs LLC
Quit Claim Deed
related
$8,737,500 · Ge Com'l Fin Busn Prop Corp
Sep 15, 2008
$13,000,000
1551 Juliette Road LLC
Cumberland,parkway Associa
Grant Deed
—
Sep 15, 2008
—
1551 Juliette Road LLC
Cumberland,parkway Associa
Grant Deed
related
—
Nov 29, 2007
—
Cumberland Parkway Investments
Cumberland,parkway Associa
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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