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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Specialty properties
1661 Joy Lk Rd Morrow, GA 30260-3663
Individually Owned
12-yr Hold
Free & Clear
Property ID
US22-0848455
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1973
Total area
2,060 SF
Lot
0.95 ac (41,382 SF)
Zoning code
C
APN
12-175B- A-010
UPID
US22-0848455
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
-
Joylake Chapel Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
De La Piedra Angular In La Voz · 12 yrs held
De La Piedra Angular In La Voz
since 2013
5 recorded transactions
Zoning & alternative use
C · Morrow, GA
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±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
$133 / 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
$2,547
Tax year 2024
Assessed value
$65,280
Assessed 2024
Previous assessed
$65,280
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$40
Assessed improvement
$65,240
Land market value
$100
Improvement market value
$163,100
Total market value
$163,200
Applied tax rate
7.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Rooms
6
Bathrooms
1
Total area
2,060 SF
Lot
0.95 ac (41,382 SF)
Zoning code
C
APN
12-175B- A-010
UPID
US22-0848455
Jurisdiction
CLAYTON
Zoning & alternative use
C · Morrow, GAZoning C · permitted uses
C · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Rooms
6
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
De La Piedra Angular In La Voz
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 2125, MCDONOUGH, GA 30253-1730
Ownership since
2013
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
Nov 22, 2013
$62,700
De La Piedra Angular In La Voz
Tower Finl Svcs
Grant Deed
—
Jun 7, 2011
$323,181
Tower Finl Svcs
Ward,nellie J
Trustees Deed
related
—
Jan 5, 2011
$323,181
Tower Finl Svcs
Ward,nellie J
Trustees Deed
related
—
Sep 24, 2007
—
Nellie J Ward
Ward,robert E II
Quit Claim Deed
related
—
Dec 15, 2006
—
Nellie J Ward
Ward,robert Eddie JR
Quit Claim 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.
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