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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Medical Office Space
1840 Southern Ln Decatur, GA 30033-4033
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1075841
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
10,704 SF
Lot
1.21 ac (52,490 SF)
Zoning code
OI
APN
18 059 01 010
UPID
US22-1075841
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
-
Dr. James L. Bailey, MD Physician
-
Khalid Iqbal Physician Medical Clinic
-
DaVita Southern Lane Dialysis Medical Clinic
-
Byard Edwards Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.78M
Owner & transaction history
Southern Lane Partners LLC · 1 yrs held
Southern Lane Partners LLC
since 2025
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
OI · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home Page | Decatur GA
Top alternative use upside
Auto repair, garage
$2.8M
+13.9%
Commercial (general)
$2.8M
+13.2%
Office building
$2.7M
+9.4%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$2,585,000
6.5%
$2,390,000
7%
$2,215,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,480,000
Current use
AUTO REPAIR, GARAGE
$2,825,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,810,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$2,715,000
Change: +9% · Conversion: Easy
RETAIL STORES
$2,495,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $3.10M (Oct 29 2024)
Last sale anchor
$3.10M
Oct 29 2024
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
$260 / 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
$43,891
Tax year 2024
Assessed value
$982,840
Assessed 2024
Previous assessed
$982,840
+0.0% YoY
Effective rate
4.47%
On assessed value
Assessed land
$540,640
Assessed improvement
$442,200
Land market value
$1,351,600
Improvement market value
$1,105,500
Total market value
$2,457,100
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
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
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
10,704 SF
Lot
1.21 ac (52,490 SF)
Zoning code
OI
APN
18 059 01 010
UPID
US22-1075841
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GAZoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Southern Lane Partners LLC
Entity
Mailing address
2000 16TH ST NE #10, DENVER, CO 80202-5117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$3,100,000
Southern Lane Partners LLC
Dva Decatur Ga Landlord LLC
Warranty Deed
$2,294,000 · United Community Bank
Oct 11, 2018
$4,004,800
Decatur Ga Landlord LLC
Genesis Kc Dev LLC
Grant Deed
—
Jul 7, 2016
—
Genesis Kc Dev LLC
Dva Rental Heatlhcare INC
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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