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Property profile & analytics
OFF-MARKET
Estimated value
$83,855,000
Investment properties
1605 Church St Decatur, GA 30033-6065
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0816954
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Total area
339,901 SF
Lot
5.37 ac (233,917 SF)
Zoning code
X
APN
18 049 11 007
UPID
US22-0816954
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
-
Freedom of the next generation Church
-
Dr. Xavier Ortiz Valle Alternative Medicine Practice
-
LIFESTYLE NAIL BAR Nail Salon
-
Thrive Pet Healthcare Decatur Veterinary Clinic
-
F45 Training Decatur Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$63.54M
Comparable Approach
Comparable
$89.03M
Blend (final)
Blend
$83.86M
Owner & transaction history
North Decatur Square LP · 7 yrs held
North Decatur Square LP
since 2019
7 recorded transactions
Zoning & alternative use
X · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$89.7M
+0.6%
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%
$68,830,000
6.5%
$63,535,000
7%
$58,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$89,170,000
Current use
AUTO REPAIR, GARAGE
$89,730,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$86,145,000
Change: -3% · Conversion: Easy
RETAIL STORES
$79,205,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$78,755,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$83.86M
Range $75.47M – $92.24M · ±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
$247 / 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
$845,872
Tax year 2024
Assessed value
$37,488,720
Assessed 2024
Previous assessed
$31,320,000
+19.7% YoY
Effective rate
2.26%
On assessed value
Assessed land
$3,200,000
Assessed improvement
$34,288,720
Land market value
$8,000,000
Improvement market value
$85,721,800
Total market value
$93,721,800
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
2
Stories
1
Units
290
Total area
339,901 SF
Lot
5.37 ac (233,917 SF)
Zoning code
X
APN
18 049 11 007
UPID
US22-0816954
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GA
Zoning X · permitted uses
X · 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
COMMERCIAL (GENERAL) Current
Est. value
$89.2M
AUTO REPAIR, GARAGE
Est. value
$89.7M
OFFICE BUILDING
Est. value
$86.1M
RETAIL STORES
Est. value
$79.2M
MEDICAL BUILDING
Est. value
$78.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2018
Heating
NONE
Stories
1
Buildings
2
Units
290
Lot
5.37 ac
Current owner
From public records · entity-resolved
North Decatur Square LP
Entity
Free & Clear · 7 yrs held
Mailing address
591 W PO BOX 87407TH AVE, CHICAGO, IL 60680-0407
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
Development Authority Of Dekal
—
Deed
related
$53,462,000 · Walker And Dunlop
Apr 12, 2019
$2,398,500
North Decatur Square LP
Decatur Apartments LLC
Grant Deed
related
—
Apr 12, 2019
—
Development Authority Of Dekal
North Decatur Square LP
Grant Deed
related
—
Mar 29, 2019
—
Decatur Apartments LLC
Decide Dekalb Dev Authority
Grant Deed
related
—
Apr 19, 2017
$8,683,100
Capital Automotive Holdings Ll
Cars Cni-2 LP
Grant Deed
related
—
Nov 5, 2014
—
Cars Cni-2 LP
—
Grant Deed
related
$475,000,000 · Citibank
—
—
Development Authority Of Dekalb C
—
Loan Modification
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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