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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Grocery and convenience stores
1660 Jonesboro SE Rd Atlanta, GA 30315-5259
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-0853565
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1939
Total area
6,270 SF
Lot
0.29 ac (12,850 SF)
Zoning code
C2
APN
14 005700270010
UPID
US22-0853565
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
-
Little Bear Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$370k
Blend (final)
Blend
$500k
Owner & transaction history
Chowdhury Investment INC · 4 yrs held
Chowdhury Investment INC
since 2022
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C2 · 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
$520,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$690,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Jun 10 2022)
Last sale anchor
$500k
Jun 10 2022
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
$80 / 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
Tax billed
$2,843
Tax year 2023
Assessed value
$68,680
Assessed 2023
Previous assessed
$68,680
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$42,000
Assessed improvement
$26,680
Land market value
$105,000
Improvement market value
$66,700
Total market value
$171,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1939
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
6,270 SF
Lot
0.29 ac (12,850 SF)
Zoning code
C2
APN
14 005700270010
UPID
US22-0853565
Jurisdiction
FULTON
Zoning & alternative use
C2 · Atlanta, GA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$690,000
RETAIL STORES Current
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
1939
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Chowdhury Investment INC
Entity
Free & Clear · 4 yrs held
Mailing address
1892 HARPER RD NW, ATLANTA, GA 30318-3070
Ownership since
2022
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 10, 2022
$500,000
Chowdhury Investment INC
Jonesboro Investment Grp LLC
Limited Warranty Deed
—
Jan 12, 2016
—
Jonesboro Investment Group LLC
Tucker & Sons INC
Quit Claim Deed
related
—
Jan 12, 2016
$205,000
Jonesboro Investment Group LLC
Tucker & Sons INC
Grant Deed
—
Oct 30, 2015
—
Tucker & Sons INC
Deed Co LLC
Quit Claim Deed
related
—
Nov 17, 2014
$20,504
Deed Co LLC
Sheriff Of Fulton County|tucker & Sons INC
Tax Deed
—
Mar 30, 2005
—
Tucker & Sons INC
Autumn Hills Development Company
Deed
$1,050,000 · Main Street Bk
—
—
Tucker,sons INC
—
Deed Of Trust
related
$1,151,654 · Main Street 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.
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