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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
2050 Honey Crk SE Pkwy Conyers, GA 30013-2974
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0487062
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
STEEL FRAME
Total area
5,220 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C1
APN
079-0-02-010L
UPID
US22-0487062
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
-
Messenger AVL IT Consulting Firm Tech Support Center
-
Relevant IT Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$715k
Owner & transaction history
Messenger Media Systems INC · 14 yrs held
Messenger Media Systems INC
since 2011
7 recorded transactions
Zoning & alternative use
C1 · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+15.3%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$835,000
Current use
MEDICAL BUILDING
$960,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$137 / 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
$13,339
Tax year 2023
Assessed value
$324,440
Assessed 2023
Previous assessed
$324,440
+0.0% YoY
Effective rate
4.11%
On assessed value
Assessed land
$109,960
Assessed improvement
$214,480
Land market value
$274,900
Improvement market value
$536,200
Total market value
$811,100
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Stories
1
Total area
5,220 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C1
APN
079-0-02-010L
UPID
US22-0487062
Jurisdiction
ROCKDALE
Zoning & alternative use
C1 · Conyers, GA
Zoning C1 · permitted uses
C1 · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$835,000
MEDICAL BUILDING
Est. value
$960,000
RETAIL STORES Current
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
1998
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Messenger Media Systems INC
Entity
Mailing address
1288 COVERED BRG RD, COVINGTON, GA 30016-5024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Messenger Media Systems INC
—
Deed
related
$400,000 · United Community Bank
Jan 4, 2019
—
Messenger Media Systems INC
—
Deed
related
$200,000 · United Cmnty Bk
Nov 28, 2011
—
Messenger Media Systems INC
—
Trustees Deed
related
$32,000 · United Community Bank
Aug 9, 2011
$190,000
Messenger Media Systems INC
Cit Small Busn Lending Corp
Grant Deed
—
Sep 29, 2004
—
Broadfoot,scott & Julie
Bruns,martin R & Marilyn S
Quit Claim Deed
related
$970,000 · Cit Small Busn Lndg
Sep 29, 2004
$800,000
Broadfoot,scott & Julie
Bruns,martin R & Marilyn S
Grant Deed
—
—
—
Messenger Media Systems INC
—
Loan Modification
related
$200,000 · United Cmnty Bk
—
—
Messenger Media Systems INC
—
Deed Of Trust
related
$32,000 · United Community Bank
—
—
Messenger Media Systems INC
—
Deed Of Trust
related
$68,000 · United Community 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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