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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1659 Centennial Olympic NE Pkwy Conyers, GA 30013-6547

    • Motels
    • 57,678 SF
    • 4.00 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2020
    $3,882,992
    Value Estimations
    $3,750,000
    Show details
    Cap Rate Potential
    3.9%
    Motels
    Location Intelligence
    Property ID
    US22-1733934
    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

    • Hawthorn Extended Stay by Wyndham Conyers / Hotel & Motel
    • Galaxy Management / Construction Company / General Contractor

    Property Details for 1659 Centennial Olympic NE Pkwy

    Year built
    1999
    Lot size
    4.00 lot acres
    Property size
    57,678 SF
    Zone code
    RES AG
    Property type
    Motels
    APN
    089-A-01-0002
    APU
    089A010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,765,000
      6.5%
      $3,475,000
      7%
      $3,230,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,645,000
      RETAIL STORES
      $4,280,000
      AUTO REPAIR, GARAGE
      $4,125,000
      OFFICE BUILDING
      $4,000,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,595,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9409
    Latitude
    33.6732
    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
    $80,036
    $267,600
    $1,172,400
    $1,440,000
    -
    $669,000
    $2,931,000
    $3,600,000

    Comparable in this City

    • Value Estimation
      $985,000
      21,216 SF

      1350 Dogwood SE Dr

      MOTEL • 21,216 SF
      1350 Dogwood SE Dr, Conyers, GA 30013-5039
      View Details
    • Value Estimation
      $1,525,000
      37,953 SF

      1125 Northlake Dr

      MOTEL • 37,953 SF
      1125 Northlake Dr, Conyers, GA 30013-1737
      View Details
    • Value Estimation
      $11,935,000
      46,536 SF

      2000 Iris SE Dr

      HOTEL • 46,536 SF
      2000 Iris SE Dr, Conyers, GA 30013
      View Details
    • Value Estimation
      $1,800,000
      48,179 SF

      1337 Old Covington SE Hwy

      HOTEL • 48,179 SF
      1337 Old Covington SE Hwy, Conyers, GA 30013-5086
      View Details
    • Value Estimation
      $15,000,000
      49,440 SF

      1340 Dogwood SE Dr

      HOTEL • 49,440 SF
      1340 Dogwood SE Dr, Conyers, GA 30013-5039
      View Details
    • Value Estimation
      $10,565,000
      42,540 SF

      2139 Salem SE Rd

      HOTEL • 42,540 SF
      2139 Salem SE Rd, Conyers, GA 30013-1823
      View Details

    Similar Nearby for Sale

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    • $450,000

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      Value-add storage facility in growing Atlanta suburb near I-20.
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      Conyers Commercial Land For Sale

      2.89 acre mixed-use lot with road frontage in Conyers.
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    • Contact for pricing
      212,745 SF

      Available Industrial Space Ready Now

      Industrial space available for occupancy with spec office and dock-high doors.
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      View Details
    • Contact for pricing
      104 SF

      Highway 138 Residential Land

      104.9 acres of residential land near I-20.
      Highway 138, Conyers, GA 30013
      View Details
    • $1,500,000
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      Commercial Land I-20 Frontage

      Automobile sales business opportunity with I-20 frontage and access.
      2397 Iris Dr SE, Conyers, GA 30013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,400 SF

      Shops at East View: Conyers Retail

      High-traffic Conyers retail space available.
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    • $20 SF/Yr
      1,800 SF

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      Modern Office Suites in Prime Conyers Location
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    • Contact for pricing
      201,403 SF

      Conyers Warehouse Near Interstate Access

      201,403 SF warehouse with convenient interstate access.
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      View Details
    • Contact for pricing
      90,218 SF

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      High-traffic retail space in Conyers, GA
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    • Contact for pricing
      310,776 SF

      East Park Warehouse Distribution Space

      Large Conyers, GA warehouse space available.
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      View Details
    • Contact for pricing
      100,000 SF

      Bulk Warehouse Facility For Rent

      Multi-tenant bulk warehouse facility with superior access to major thoroughfares.
      1715 Dogwood Dr Southeast, Conyers, GA 30013
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      212
    • Avg Time on site
      390 min
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    Conyers, GA 30013-6547
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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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