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Property profile & analytics
OFF-MARKET
Estimated value
$7,435,000
Strip malls
1807 Memorial SE Dr Atlanta, GA 30317-2103
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-2151745
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
WOOD FRAME
Total area
91,940 SF
Lot
9.87 ac (429,937 SF)
Zoning code
MU-4
APN
15 179 08 001
UPID
US22-2151745
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
-
Ivy Preparatory Academy at Kirkwood High School
-
Aggi's Sweets Specialty Food Shop Candy Store
-
Camp Bow Wow East Atlanta - Coming Soon Kennel & Boarding Facility
-
Peachtree Hope Charity School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$7.44M
Owner & transaction history
Lidl Us Operations LLC · 5 yrs held
Lidl Us Operations LLC
since 2020
7 recorded transactions
Zoning & alternative use
MU-4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.44M
Range $6.69M – $8.18M · ±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
$81 / 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
$108,256
Tax year 2024
Assessed value
$2,492,000
Assessed 2024
Previous assessed
$2,492,000
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$537,920
Assessed improvement
$1,954,080
Land market value
$1,344,800
Improvement market value
$4,885,200
Total market value
$6,230,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
91,940 SF
Lot
9.87 ac (429,937 SF)
Zoning code
MU-4
APN
15 179 08 001
UPID
US22-2151745
Jurisdiction
DE KALB
Zoning & alternative use
MU-4 · Atlanta, GA
Zoning MU-4 · permitted uses
MU-4 · 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.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
9.87 ac
Current owner
From public records · entity-resolved
Lidl Us Operations LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1807 MEMORIAL DR SE, ATLANTA, GA 30317-2103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Oct 19, 2020
$2,106,000
Lidl Us Operations LLC
Ivy Preparatory Academy INC
Grant Deed
—
Sep 17, 2014
—
Ivy Preparatory Academy INC
Raf Capital LLC
Quit Claim Deed
related
—
Sep 17, 2014
$11,250,000
Ivy Preparatory Academy INC
Raf Capital LLC
Grant Deed
$13,785 · Development Authority/dekalb C
Jan 18, 2010
—
Dekalb County Public Works
Raf Capital LLC
Grant Deed
related
—
May 5, 2009
—
Raf Capital LLC
F F Development Partners L
Grant Deed
related
—
Mar 16, 2006
$4,000,000
F F Development Partners LLC
Parkview,plaza Associates
Grant Deed
$3,305,000 · Integrity Bank
Mar 16, 2006
—
F F Development Fartners LLC
Arogeti,james
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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