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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Grocery and convenience stores
1860 Memorial SE Dr Atlanta, GA 30317-2159
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1784310
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
WOOD FRAME
Total area
6,020 SF
Lot
0.64 ac (27,791 SF)
Zoning code
C1
APN
15 206 03 137
UPID
US22-1784310
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
-
Spice Bistro Restaurant
-
Amazon Locker - Staircase Postal Service Courier Service
-
Chevron Kwik Stop Grocery & Convenience Store
-
My Coin Stop Bitcoin ATM Atm Currency Exchange Service
-
Smoke Universe (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
1860 Memorial Dr LLC · 6 yrs held
1860 Memorial Dr LLC
since 2020
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+3.3%
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
$1,770,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,640,000
Current use
COMMERCIAL (GENERAL)
$1,690,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$1,635,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,530,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$1,410,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$1,350,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.75M (Mar 19 2020)
Last sale anchor
$1.75M
Mar 19 2020
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
$294 / 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
$8,056
Tax year 2024
Assessed value
$805,400
Assessed 2024
Previous assessed
$805,400
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$136,400
Assessed improvement
$669,000
Land market value
$341,000
Improvement market value
$1,672,500
Total market value
$2,013,500
Applied tax rate
61.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
6,020 SF
Lot
0.64 ac (27,791 SF)
Zoning code
C1
APN
15 206 03 137
UPID
US22-1784310
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1991
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
1860 Memorial Dr LLC
Entity
Mailing address
185 VILLA PL CT SE, TUCKER, GA 30084-1974
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
1860 Memorial Dr LLC
—
Deed
related
$1,406,200 · Hometrust Bank
Mar 19, 2020
$1,750,000
1860 Memorial Dr LLC
Aar Property Dev LLC
Grant Deed
$1,547,000 · Quantum Nat'l Bk
Mar 19, 2020
—
1860 Memorial Dr LLC
Aar Property Dev LLC
Quit Claim Deed
related
—
Nov 14, 2006
$801,000
Aar Property Development LLC
Park,kyung Suk
Grant Deed
$80,000 · Gwinnett Banking Co
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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