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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office Spaces
205 Swanton Way Decatur, GA 30030-3239
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1127670
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1982
Construction
WOOD FRAME
Total area
1,105 SF
Lot
0.03 ac (1,089 SF)
APN
15 246 04 052
UPID
US22-1127670
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$550k
Owner & transaction history
Sei Commerce Square LLC · 1 yrs held
Sei Commerce Square LLC
since 2024
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+130.7%
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
$605,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$340,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +131% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $740k (Sep 7 2022)
Last sale anchor
$740k
Sep 7 2022
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
$498 / 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
$1,288
Tax year 2024
Assessed value
$128,250
Assessed 2024
Previous assessed
$135,000
-5.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$11,600
Assessed improvement
$116,650
Land market value
$29,000
Improvement market value
$291,625
Total market value
$320,625
Applied tax rate
92.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
1,105 SF
Lot
0.03 ac (1,089 SF)
APN
15 246 04 052
UPID
US22-1127670
Jurisdiction
DE KALB
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$340,000
COMMERCIAL (GENERAL)
Est. value
$785,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Sei Commerce Square LLC
Entity
Mailing address
3070 WINDWARD PLZF320, ALPHARETTA, GA 30005-8771
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Sei Commerce Square LLC
Selig Enterprises INC
Quitclaim Deed
related
—
Sep 7, 2022
$740,000
Vision Decatur II LLC
James Michael Easterwood
Warranty Deed
$4,270,000 · Cadence Bank
Sep 7, 2022
$760,000
Vision Decatur II LLC
Joy Woodard Mizell
Warranty Deed
—
Feb 1, 2021
—
James Michael Easterwood
—
Deed
related
$300,000 · Vinings Bank
Mar 9, 2020
—
James M Easterwood
—
Deed
related
$300,000 · Centerstate Bk NA
Jan 30, 2019
—
James M Easterwood
—
Deed
related
$300,000 · First Landmark Bk
May 15, 2018
—
Mizell,joy Trust
Mizell,joy W
Quitclaim Deed
related
—
May 10, 2018
—
Joy W Mizell
Mizell,charles G JR
Deed
related
—
Feb 6, 2018
—
James M Easterwood
—
Deed
related
—
Feb 22, 2017
—
James M Easterwood
—
Deed
related
—
—
—
James M Easterwood
—
Loan Modification
related
$300,000 · First Landmark Bk
—
—
James M Easterwood
—
Loan Modification
related
—
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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