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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
1894 Ludovie Ln Decatur, GA 30033-1044
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1033261
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD FRAME
Total area
11,629 SF
Lot
1.01 ac (44,126 SF)
Zoning code
OI
APN
18 191 01 027
UPID
US22-1033261
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
-
The Loom School Special Education Facility
-
Phillis Wolfe Physician Medical Clinic
-
Core Therapy Services Family Counselor
-
Dejah Lipsey Counselor
-
Aleah Morantz Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.22M
Owner & transaction history
Ludovie Lane Investments LLC · 18 yrs held
Ludovie Lane Investments LLC
since 2008
7 recorded transactions
Zoning & alternative use
OI · Decatur, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$104 / 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
$15,334
Tax year 2024
Assessed value
$325,640
Assessed 2024
Previous assessed
$261,040
+24.7% YoY
Effective rate
4.71%
On assessed value
Assessed land
$128,600
Assessed improvement
$197,040
Land market value
$321,500
Improvement market value
$492,600
Total market value
$814,100
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Rooms
9
Total area
11,629 SF
Lot
1.01 ac (44,126 SF)
Zoning code
OI
APN
18 191 01 027
UPID
US22-1033261
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GA
Zoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
9
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ludovie Lane Investments LLC
Entity
Mailing address
6128 EDDY RDG RD, WILLIAMSON, NY 14589-9253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 16, 2018
—
Oakside Property Management Ll
—
Deed
related
$500,000 · Oakside Property Management
Sep 8, 2016
—
Ludovie Lane Investments LLC
—
Deed
related
$772,577 · Wells Fargo Bk
Mar 3, 2008
—
Ludovie Lane Investments LLC
Hunter,michael L
Quit Claim Deed
related
$984,000 · Wachovia Bk
Feb 28, 2008
$700,000
Michael L Hunter
Chapparal,venture
Grant Deed
—
Feb 28, 2008
$1,230,000
Ludovie Ln Inverstments LLC
Hunter,michael L
Grant Deed
—
Feb 28, 2008
—
Michael L Hunter
Chapparal,venture
Grant Deed
related
—
—
—
Ludovie Lane Investments LLC
—
Loan Modification
related
$772,577 · Wells Fargo Bk
—
—
Chapparal Venture
—
Deed Of Trust
related
$230,000 · Piedmont Bank
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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