Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Strip malls
1599 Memorial SE Dr Atlanta, GA 30317-1801
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0932248
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Total area
29,295 SF
Lot
10.05 ac (437,778 SF)
Zoning code
C-1
APN
15 178 04 005
UPID
US22-0932248
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
-
Atlanta Infrared Sauna Dealer Corporate Office
-
Floor & Decor Carpet & Flooring Store Hardware & Home Improvement
-
Planet Fitness Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.86M
Owner & transaction history
Atlantic Retail Investments Lllp · 2 yrs held
Atlantic Retail Investments Lllp
since 2024
7 recorded transactions
Zoning & alternative use
C-1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.2M
+3.3%
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%
$6,610,000
6.5%
$6,100,000
7%
$5,665,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,975,000
Current use
COMMERCIAL (GENERAL)
$8,235,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$7,965,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,440,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$6,860,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$6,570,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±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
$200 / 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
$60,482
Tax year 2024
Assessed value
$8,958,560
Assessed 2024
Previous assessed
$8,958,560
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$2,206,400
Assessed improvement
$6,752,160
Land market value
$5,516,000
Improvement market value
$16,880,400
Total market value
$22,396,400
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
29,295 SF
Lot
10.05 ac (437,778 SF)
Zoning code
C-1
APN
15 178 04 005
UPID
US22-0932248
Jurisdiction
DE KALB
Zoning & alternative use
C-1 · Atlanta, GA
Zoning C-1 · permitted uses
C-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.9M
RETAIL STORES
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1962
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
10.05 ac
Current owner
From public records · entity-resolved
Atlantic Retail Investments Lllp
Entity
Free & Clear · 2 yrs held
Mailing address
1599 MEMORIAL DR SE, ATLANTA, GA 30317-1801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Atlantic Retail Investments Lllp
Dekalb County Newton County & Gwinn
Quit Claim Deed
related
—
Oct 1, 2019
—
Atlantic Retail Invs Lllp
—
Grant Deed
related
$15,938,000 · Ameris Bk
Aug 14, 2019
—
Memorial Storage LLC
—
Deed
related
$10,395,000 · Equity Bank
Mar 28, 2019
—
Memorial Storage LLC
Vertical Properties Dev LLC
Quitclaim Deed
related
—
Mar 28, 2019
$3,000,000
Memorial Storage LLC
Vertical Properties Dev LLC
Grant Deed
—
Dec 29, 2017
—
Joint Dev Authority Of Dekalb
Atlantic 1599 LLC
Grant Deed
$23,000 · 1599 Owner LLC
Oct 10, 2017
$5,550,000
Atlantic 1599 LLC
1599 Owner LLC
Grant 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.
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 1599 Memorial SE 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.
