Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,080,000
Office buildings
159 Armour NE Dr Atlanta, GA 30324-3916
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1304939
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Construction
WOOD
Total area
47,492 SF
Lot
1.58 ac (68,738 SF)
Zoning code
I1
APN
17 0103 LL0837
UPID
US22-1304939
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
-
Disney Animation Immersive Experience - Atlanta Hotel & Motel Resort
-
Westminster Inc. Production Facility
-
From Hip Hop Til Infinity Exhibit Atlanta Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.62M
Blend (final)
Blend
$6.08M
Owner & transaction history
Raf LLC · 6 yrs held
Raf LLC
since 2020
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,060,000
ML approach
$6,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.08M
Range $5.47M – $6.69M · ±10% · vs last sale $6.00M (Mar 17 2020)
Last sale anchor
$6.00M
Mar 17 2020
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
$128 / 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
Assessed value
$4,565,320
Assessed 2023
Previous assessed
$2,763,520
+65.2% YoY
Assessed land
$529,880
Assessed improvement
$4,035,440
Land market value
$1,324,700
Improvement market value
$10,088,600
Total market value
$11,413,300
Applied tax rate
5.0000
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
1965
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
47,492 SF
Lot
1.58 ac (68,738 SF)
Zoning code
I1
APN
17 0103 LL0837
UPID
US22-1304939
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GAZoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Raf LLC
Entity
Mailing address
51 DALLAS ST NE STE A, ATLANTA, GA 30309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 17, 2020
$6,000,000
Raf LLC
159 Armour Drive LLC
Grant Deed
—
Nov 6, 2017
—
159 Armour Drive LLC
Richardson,john W
Quit Claim Deed
related
$1,000,000 · Light My Fire LLC
Jul 2, 2008
—
Max H Ker-seymer
—
Deed Of Trust
related
$1,400,000 · Wachovia Bank NA
Sep 21, 2004
—
Ker-seymer,max H
—
Grant Deed
related
$3,300,000 · Bank Of Nat'l Tr & Svgs
—
—
Max H Ker-seymer
—
Loan Modification
related
$1,197,194 · Wells Fargo Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 159 Armour NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
