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Property profile & analytics
OFF-MARKET
Estimated value
$5,435,000
Showrooms
1847 Cobb Industrial SE Blvd, Smyrna, GA 30082-4909
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US22-0831758
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Total area
40,005 SF
Lot
3.29 ac (143,138 SF)
Zoning code
HI
APN
17067800090
UPID
US22-0831758
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
-
Art Plumbing General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$5.44M
Owner & transaction history
Lisenby Real Estate Invs LLC · 16 yrs held
Lisenby Real Estate Invs LLC
since 2009
7 recorded transactions
Zoning & alternative use
HI · Smyrna, 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 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
COMMERCIAL (GENERAL)
$8,615,000
Current use
AUTO REPAIR, GARAGE
$7,960,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,840,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$7,445,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.44M
Range $4.89M – $5.98M · ±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
$136 / 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
$53,982
Tax year 2024
Assessed value
$1,790,440
Assessed 2024
Previous assessed
$1,579,640
+13.3% YoY
Effective rate
3.02%
On assessed value
Assessed land
$245,948
Assessed improvement
$1,544,492
Land market value
$614,870
Improvement market value
$3,861,230
Total market value
$4,476,100
Applied tax rate
9.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Heating
NONE
Total area
40,005 SF
Lot
3.29 ac (143,138 SF)
Zoning code
HI
APN
17067800090
UPID
US22-0831758
Jurisdiction
COBB
Zoning & alternative use
HI · Smyrna, GA
Zoning HI · permitted uses
HI · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Heating
NONE
Lot
3.29 ac
Current owner
From public records · entity-resolved
Lisenby Real Estate Invs LLC
Entity
Mailing address
1847 S COBB INDUSTRIAL BLVD SE, SMYRNA, GA 30082-4909
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2009
—
Lisenby Real Estate Invs LLC
—
Grant Deed
related
$2,000,000 · Fidelity Bank NA
—
—
Lisenby Real Estate Invs LLC
—
Deed Of Trust
related
—
—
—
Lisenby Real Estate Invs LLC
—
Loan Modification
related
—
—
—
Lisenby Real Estate Invs LLC
—
Loan Modification
related
—
—
—
Lisenby Real Estate Invs LLC
—
Deed Of Trust
related
—
—
—
Lisenby Real Estate Investment
—
Deed Of Trust
related
$2,000,000 · Fidelity Bank NA
—
—
Art Plumbing Co
—
Deed Of Trust
related
—
—
—
Lisenby Real Estate Invs LLC
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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