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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Office buildings
1924 Piedmont NE Rd Atlanta, GA 30324-4117
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-1207097
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
WOOD
Total area
18,849 SF
Lot
0.81 ac (35,153 SF)
Zoning code
C2
APN
17 005000040892
UPID
US22-1207097
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
-
Go Gym Gym & Fitness Center
-
Jenelle Foote, MD, FACS Physician Medical Clinic
-
Elite Hydration Center - Piedmont Spa & Massage Center Gym & Fitness Center
-
Midtown Urology Physician Medical Clinic
-
Anthony E Barnes Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.75M
Owner & transaction history
Bf & P Holding Co LLC · 11 yrs held
Bf & P Holding Co LLC
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Atlanta, 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 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
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
RETAIL STORES
$4,230,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±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
$146 / 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
$53,476
Tax year 2023
Assessed value
$1,291,680
Assessed 2023
Previous assessed
$1,291,680
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$602,040
Assessed improvement
$689,640
Land market value
$1,505,100
Improvement market value
$1,724,100
Total market value
$3,229,200
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
STEAM
Cooling
CENTRAL
Stories
1
Total area
18,849 SF
Lot
0.81 ac (35,153 SF)
Zoning code
C2
APN
17 005000040892
UPID
US22-1207097
Jurisdiction
FULTON
Zoning & alternative use
C2 · Atlanta, GA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES
Est. value
$4.2M
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
2009
Construction
WOOD
Heating
STEAM
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Bf & P Holding Co LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1924 PIEDMONT RD NE, ATLANTA, GA 30324-4117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2015
—
Bf & P Holding Co LLC
Hamilton St Bk
Quit Claim Deed
related
—
May 1, 2013
—
Bf & P Holding Co LLC
Georgia Cmrc Bk
Quit Claim Deed
related
$2,045,335 · Hamilton State Bank
May 1, 2013
$2,300,000
Bf & P Holding Co LLC
Georgia Cmrc Bk
Grant Deed
—
May 3, 2011
$3,666,287
Georgia Cmrc Bk
Piedmont Village LLC
Trustees Deed
related
—
Dec 6, 2007
$1,200,000
Piedmont Village LLC
Sin,yong C
Trustees Deed
$3,700,000 · Georgia Cmrc Bk
Jan 10, 2007
$2,500
Sin,yong C
Paik,michelle K
Quit Claim Deed
related
—
Jun 22, 2006
$525,000
Paik,michelle K
Sin,yong C
Quit Claim Deed
—
May 31, 2006
—
Phg Management LLC
Barish,william E
Grant Deed
related
—
Apr 17, 2006
$1,050,000
Sin,yong C
Phg Management LLC
Grant Deed
$700,000 · Hpg Management LLC
Apr 17, 2006
—
Ghp Management LLC Tr
Hpg Management LLC
Grant Deed
related
—
Jan 6, 2004
$900,000
Business Development Corp Of Ga
Bits & Bottles INC
Trustees Deed
—
—
—
Bf & P Holding Co LLC
—
Deed Of Trust
related
$1,473,000 · Private Individual
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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