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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Medical Office Space
1720 Phoenix Blvd, Atlanta, GA 30349-5594
Entity Owned
7-yr Hold
Free & Clear
Property ID
US22-4727053
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
15,880 SF
Lot
4.9 ac (213,444 SF)
Zoning code
C
APN
13-071A- B-001
UPID
US22-4727053
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
-
Oracle Clinical Research Association / Organization
-
AllSpine Laser and Surgery Center Physician
-
Tammy Luke, LPC, CCRC Crisis Center Medical Clinic
-
Malaka Mustafa, PA-C - Physician Assistant at Thrive Orthopaedics Physician
-
Well Health Chiropractic Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
1720 Phoenix Icjv LLC · 7 yrs held
1720 Phoenix Icjv LLC
since 2018
4 recorded transactions
Zoning & alternative use
C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+3.4%
Neighborhood: shopping center
$4.3M
+0.1%
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%
$3,855,000
6.5%
$3,560,000
7%
$3,305,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,315,000
Current use
COMMERCIAL (GENERAL)
$4,465,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,320,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,030,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$3,720,000
Change: -14% · Conversion: Easy
RETAIL STORES
$3,560,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±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
$196 / 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
$63,039
Tax year 2024
Assessed value
$1,581,280
Assessed 2024
Previous assessed
$1,582,840
-0.1% YoY
Effective rate
3.99%
On assessed value
Assessed land
$213,440
Assessed improvement
$1,367,840
Land market value
$533,600
Improvement market value
$3,419,600
Total market value
$3,953,200
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Total area
15,880 SF
Lot
4.9 ac (213,444 SF)
Zoning code
C
APN
13-071A- B-001
UPID
US22-4727053
Jurisdiction
CLAYTON
Zoning & alternative use
C · Atlanta, GA
Zoning C · permitted uses
C · 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
MEDICAL BUILDING Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Heating
NONE
Lot
4.9 ac
Current owner
From public records · entity-resolved
1720 Phoenix Icjv LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 92129, GRAPEVINE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
1720 Phoenix Icjv LLC
Cp Mob 2017 LLC
Warranty Deed
related
—
May 2, 2017
—
Cp Mob 2017 LLC
—
Deed
related
$32,700 · Capital One Bank NA
Sep 17, 2013
$2,733,000
College Park Mob Partners LP
Phoenix Renaissance LLC
Grant Deed
—
Sep 17, 2013
—
College Park Mob Partners LP
Phoenix Renaissance LLC
Quit Claim Deed
related
$2,120,000 · American Momentum 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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