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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Office Spaces
1989 Williamsburg Dr Decatur, GA 30033-5998
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1290871
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1971
Total area
11,207 SF
Lot
0.17 ac (7,492 SF)
Zoning code
C1
APN
18 103 05 076
UPID
US22-1290871
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
-
Dr. Robert A. Burns Jr, DDS Dental Office
-
Carr Suzanne PhD Physician Medical Clinic
-
Chiropractor Decatur Alternative Medicine Practice
-
Craig Caldwell - State Farm Insurance Agent Insurance Agency
-
The Intuitive Indigo LLC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.62M
Owner & transaction history
1989 North Williamsburg Property Ll · 1 yrs held
1989 North Williamsburg Property Ll
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,620,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,610,000
Change: -8% · Conversion: Moderate
MEDICAL BUILDING
$2,595,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.62M (Sep 10 2024)
Last sale anchor
$1.62M
Sep 10 2024
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
$145 / 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
$15,186
Tax year 2024
Assessed value
$1,162,320
Assessed 2024
Previous assessed
$341,400
+240.5% YoY
Effective rate
1.31%
On assessed value
Assessed land
$89,720
Assessed improvement
$1,072,600
Land market value
$224,300
Improvement market value
$2,681,500
Total market value
$2,905,800
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
YES
Stories
1
Total area
11,207 SF
Lot
0.17 ac (7,492 SF)
Zoning code
C1
APN
18 103 05 076
UPID
US22-1290871
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
MEDICAL 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
1971
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1989 North Williamsburg Property Ll
Entity
Free & Clear · 1 yrs held
Mailing address
1989 N WILLIAMSBURG DR, DECATUR, GA 30033-5998
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$1,620,000
1989 North Williamsburg Property Ll
Ocp Williamsburg LLC
Warranty Deed
—
Oct 17, 2019
—
Ocp Williamsburg LLC
—
Deed
related
$991,916 · United Cmnty Bk
Jan 31, 2017
—
Ocp Williamsburg LLC
Southcape Ventures INC
Quit Claim Deed
related
—
Jan 31, 2017
$877,500
Ocp Williamsburg LLC
Southcape Ventures INC
Grant Deed
—
—
—
Southcape,ventures INC
—
Deed Of Trust
related
$510,000 · The Baltimore Life Insurance Co
—
—
Southcape,ventures INC
—
Deed Of Trust
related
$505,000 · The Baltimore Life Insurance Co
—
—
Ocp Williamsburg LLC
—
Loan Modification
related
$991,916 · United Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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