Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Strip malls
1797 Spg SE Rd Smyrna, GA 30080-3755
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1721244
Property summary
AI-generated overview
This exceptional retail opportunity is located at 1797 Spring Rd SE in Smyrna, Georgia, within Cobb County (zip code 30080). The property, known as Oak Tree Village, offers four available spaces ranging from 1,000 to 1,700 square feet, perfect for a variety of retail businesses. The total available space within the complex ranges from 1,000 to 5,800 square feet, providing flexibility for tenants seeking different sizes. This prime location boasts 264 feet of frontage on Spring Street, enhanced by two convenient curb cuts for easy access and high visibility. The property is classified as retail with office subtype and features multiple tenancies. The property's coordinates are 33.884006 latitude and -84.5013639 longitude. This is an excellent chance to establish or expand your business in a thriving Smyrna community. Inquire today to learn more about leasing options and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
10,244 SF
Lot
0.98 ac (42,715 SF)
Zoning code
GC
APN
17063200800
UPID
US22-1721244
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
-
Creative Innovators Production Facility Textile Manufacturer
-
Kiri's Catering Take-out & Catering Catering Service
-
BraidsbyShyMoney Hair Salon
-
Me Oh My Yoni Steam Vspa Spa & Massage Center
-
Me Oh My Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Landlocked LLC · 8 yrs held
Landlocked LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is comprised primarily of existing commercially developed areas within the City of Smyrna. It is the intent in establishing the GC district, to preserve existing commercial areas and encourage the continued concentration of general retail and commercial service activities, including those establishments oriented toward automobile traffic, so…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
717.38 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.0M
+1.6%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,005,000
Current use
AUTO REPAIR, GARAGE
$2,040,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,940,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$128 / 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
$16,073
Tax year 2024
Assessed value
$591,800
Assessed 2024
Previous assessed
$459,600
+28.8% YoY
Effective rate
2.72%
On assessed value
Assessed land
$116,940
Assessed improvement
$474,860
Land market value
$292,350
Improvement market value
$1,187,150
Total market value
$1,479,500
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
NONE
Total area
10,244 SF
Lot
0.98 ac (42,715 SF)
Zoning code
GC
APN
17063200800
UPID
US22-1721244
Jurisdiction
COBB
Zoning & alternative use
GC · Smyrna, GAZoning GC · permitted uses
GC · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is comprised primarily of existing commercially developed areas within the City of Smyrna. It is the intent in establishing the GC district, to preserve existing commercial areas and encourage the continued concentration of general retail and commercial service activities, including those establishments oriented toward automobile traffic, so as to promote the orderly development and economic stability of such areas
Zone name
General Commercial
General category
COMMERCIAL
Zone area
717.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE 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
1984
Heating
NONE
Lot
0.98 ac
Current owner
From public records · entity-resolved
Landlocked LLC
Entity
Mailing address
2870 PEACHTREE RD NW STE #516, ATLANTA, GA 30305-2918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
$1,075,100
Landlocked LLC
Jaz Oaktree LLC
Grant Deed
—
Oct 23, 2017
—
Landlocked LLC
—
Deed
related
$550,408 · Wells Fargo Bank NA
Mar 16, 2017
—
Jaz Oaktree LLC
—
Deed
related
$430,000 · Branch Bk&tr
Feb 27, 2012
$500,000
Jaz Oaktree LLC
Atlas Ga II Spe LLC
Grant Deed
—
Feb 27, 2012
—
Jaz Oaktree LLC
Atlas Ga II Spe LLC
Quit Claim Deed
related
$430,000 · Branch Bk&tr
Jun 9, 2011
$693,683
Atlas Ga II Spe LLC
Lee,gilbert T & Geraldine
Trustees Deed
—
Jan 20, 2004
$794,400
Gilbert T Lee
Keith Howell Properties LLC
Grant Deed
$674,375 · Main Street Bank
—
—
Gilbert T Lee
—
Loan Modification
related
$674,653 · Branch Banking & Trust Co
—
—
Jaz Oaktree LLC
—
Loan Modification
related
$430,000 · Branch Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1797 Spg SE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
