Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,110,000
Auto shops
1855 Luke King Pkwy Buford, GA 30519-4964
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1970360
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2005
Total area
39,120 SF
Lot
24.3 ac (1,058,508 SF)
Zoning code
C2-GENERAL BUSINESS
APN
7-186 -002A
UPID
US22-1970360
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
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.30M
Blend (final)
Blend
$11.11M
Owner & transaction history
Steve Rayman Sons LLC · 3 yrs held
Steve Rayman Sons LLC
since 2023
Last sale
$10.7M
3 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Buford, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.0M
+3.0%
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 Buford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buford 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
$11,330,000
ML approach
$11,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$17,480,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,005,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$11.11M
Range $10.00M – $12.22M · ±10% · vs last sale $10.70M (Apr 27 2023)
Last sale anchor
$10.70M
Apr 27 2023
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
$284 / 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
$100,917
Tax year 2023
Assessed value
$8,794,000
Assessed 2023
Previous assessed
$8,794,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$4,044,000
Assessed improvement
$4,750,000
Land market value
$10,110,000
Improvement market value
$11,875,000
Total market value
$21,985,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
NONE
Buildings
4
Stories
2
Total area
39,120 SF
Lot
24.3 ac (1,058,508 SF)
Zoning code
C2-GENERAL BUSINESS
APN
7-186 -002A
UPID
US22-1970360
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Buford, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Buford, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$17.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.0M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
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
2005
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
24.3 ac
Current owner
From public records · entity-resolved
Steve Rayman Sons LLC
Entity
Mailing address
1750 ENTERPRISE WAY #109, MARIETTA, GA 30067-9220
Ownership since
2023
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
Apr 27, 2023
$10,700,000
Steve Rayman Sons LLC
Buford Auto Land LLC
Limited Warranty Deed
$9,350,000 · Bank Of America
Apr 4, 2023
$7,550,000
Hendrick Automotive Grp LLC
Buford Auto Land LLC
Warranty Deed
$7,600,000 · Ally Bank
Aug 14, 2006
$40,000
Buford Auto Land LLC
Plaza,at Buford Exchange L
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.
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 1855 Luke King Pkwy?
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.
