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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2005 Honey Crk SE Pkwy Conyers, GA 30013-2975

    • Medical offices
    • 2,904 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2024
    $644,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    6.5%
    Medical offices
    Location Intelligence
    Property ID
    US22-0684677
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Conyers Family Dentist / Dental Office
    • Wright Karen / Dental Office
    • Woodall Brooke / Dental Office
    • Freeman Jennifer / Dental Office

    Property Details for 2005 Honey Crk SE Pkwy

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    2,904 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    079-0-02-010G
    APU
    079002010G

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $645,000
      ML approach
      $645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $450,000
      Market price range: $317k - $723k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $535,000
      Current use
      COMMERCIAL (GENERAL)
      $930,000
      Change: +74% Conversion: Easy
      RETAIL STORES
      $465,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.0137
    Latitude
    33.5973
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,335
    $43,880
    $140,920
    $184,800
    -
    $109,700
    $352,300
    $462,000

    Comparable in this City

    • Value Estimation
      $585,000
      3,200 SF

      1450 Hwy 138th SE

      MEDICAL BUILDING • 3,200 SF
      1450 Hwy 138th SE, Conyers, GA 30013-1285
      View Details
    • Value Estimation
      $1,005,000
      6,317 SF

      2035 Flt Shls SE Rd

      MEDICAL BUILDING • 6,317 SF
      2035 Flt Shls SE Rd, Conyers, GA 30013-1809
      View Details
    • Value Estimation
      $840,000
      5,576 SF

      1920 Hwy 20th SE

      MEDICAL BUILDING • 5,576 SF
      1920 Hwy 20th SE, Conyers, GA 30013-2048
      View Details
    • Value Estimation
      $1,965,000
      15,953 SF

      2020 Honey Crk SE Pkwy

      MEDICAL BUILDING • 15,953 SF
      2020 Honey Crk SE Pkwy, Conyers, GA 30013-2974
      View Details
    • Value Estimation
      $600,000
      5,600 SF

      1807 Over Lk SE Dr

      MEDICAL BUILDING • 5,600 SF
      1807 Over Lk SE Dr, Conyers, GA 30013-1777
      View Details
    • Value Estimation
      $1,295,000
      10,136 SF

      2390 Wall SE St

      MEDICAL BUILDING • 10,136 SF
      2390 Wall SE St, Conyers, GA 30013-2150
      View Details

    Similar Nearby for Sale

    • $858,000

      Conyers Land Parcel For Sale

      3.401 acre land parcel suitable for senior housing development.
      1960 Flat Shoals Rd SE, Conyers, GA 30013
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    • $950,000

      Conyers Office/Medical Building For Sale

      Office/medical building in Conyers, suitable for various uses.
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    • $790,000
      Pending

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      Meticulously maintained office/manufacturing building with lake and ample parking.
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    • New
      $725,000
      5,040 SF

      Versatile Commercial Office Building

      Commercial office building with potential for four suites.
      1806 Over Lake Dr SE, Conyers, GA 30013
      View Details
    • $744,000
      1,000 SF

      Conyers Industrial Business w/Home

      Profitable Business, Home Included, 1 Acre
      360 Glenn Rd, Conyers, GA 30013
      View Details
    • $858,000
      3.40 Acres

      Conyers Mixed-Use Land Tract

      3.4 Acres, I-20 Visibility
      1960 Flat Shoals Rd, Conyers, GA 30013
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,800 SF

      Conyers Office Space for Lease

      Modern Office Suites in Prime Conyers Location
      1927 Old Highway 138, Conyers, GA 30013
      View Details
    • $25 SF/Yr
      24,010 SF

      Rockdale Medical Office Building

      Conyers, GA: Medical Office Space Available
      1380 Milstead Ave, Conyers, GA 30013
      View Details
    • $12 SF/Yr
      9,000 SF

      Conyers Executive Office Suite for Lease

      Prime Conyers office, 400 sq ft, single tenant.
      2047 Gees Mill Rd, Conyers, GA 30013
      View Details
    • $3,400 /Mo
      13,046 SF

      Conyers Office Building For Rent

      13,046 sq ft office building in high-traffic Conyers location.
      365 Salem Gate Dr SE, Conyers, GA 30013
      View Details
    • Contact for pricing
      6,804 SF

      Prime Conyers Retail Space

      6,804 SF Restaurant/Retail, High Traffic
      1289 Dogwood Dr, Conyers, GA 30013
      View Details
    • Contact for pricing
      170,475 SF

      Conyers Crossing Retail Center

      High-traffic retail space in Conyers, GA.
      1485 Highway 138, Conyers, GA 30013
      View Details
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    Conyers, GA 30013-2975
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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