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Property profile & analytics
OFF-MARKET
Estimated value
$11,640,000
Community centers
1745 Hwy 138th SE Conyers, GA 30013-5748
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0800924
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
CONCRETE
Total area
93,513 SF
Lot
11.03 ac (480,467 SF)
Zoning code
GVUV
APN
075-0-01-0106
UPID
US22-0800924
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
-
Kroger Fuel Center Gas Station
-
H&R Block Tax Preparation
-
House of Masters Unisex Salon Hair Salon Nail Salon
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.33M
Blend (final)
Blend
$11.64M
Owner & transaction history
Frep IV Conyers Square LLC · 5 yrs held
Frep IV Conyers Square LLC
since 2021
Last sale
$12.7M
4 recorded transactions
Zoning & alternative use
GVUV · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Conyers GIS Main Page
Top alternative use upside
Restaurant
$12.4M
+113.4%
Commercial (general)
$10.7M
+83.2%
Medical building
$9.2M
+57.1%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$11,230,000
ML approach
$10,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,435,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,675,000
Change: +83% · Conversion: Easy
MEDICAL BUILDING
$9,155,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$11.64M
Range $10.48M – $12.80M · ±10% · vs last sale $12.65M (Mar 5 2021)
Last sale anchor
$12.65M
Mar 5 2021
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
$124 / 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
$241,625
Tax year 2023
Assessed value
$4,351,108
Assessed 2023
Previous assessed
$4,351,108
+0.0% YoY
Effective rate
5.55%
On assessed value
Assessed land
$1,180,760
Assessed improvement
$3,170,348
Land market value
$2,951,900
Improvement market value
$7,925,870
Total market value
$10,877,770
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Bathrooms
32
Total area
93,513 SF
Lot
11.03 ac (480,467 SF)
Zoning code
GVUV
APN
075-0-01-0106
UPID
US22-0800924
Jurisdiction
ROCKDALE
Zoning & alternative use
GVUV · Conyers, GAZoning GVUV · permitted uses
GVUV · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Conyers GIS Main Page
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$9.2M
RESTAURANT
COMMERCIAL (GENERAL)
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
1985
Construction
CONCRETE
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
32
Lot
11.03 ac
Current owner
From public records · entity-resolved
Frep IV Conyers Square LLC
Entity
Mailing address
2501 S MACDILL AVE, TAMPA, FL 33629-7217
Ownership since
2021
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
Mar 5, 2021
$12,650,000
Frep IV Conyers Square LLC
Spp Kr Fund LLC
Limited Warranty Deed
$8,800,000 · Ameris Bank
Jun 14, 2019
$10,540,540
Spp Kr Fund LLC
Kroger Co
Grant Deed
related
$32,500,000 · Fortress Cr
Oct 16, 2007
$10,113,000
The Kroger Co
Redd,a M JR
Grant Deed
—
Oct 15, 2007
—
Square LLP Conyers
Redd,a M JR
Grant 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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