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Property profile & analytics
OFF-MARKET
Estimated value
$8,670,000
Hotels
2089 Convention Ctr Concourse Atlanta, GA 30337
Entity Owned
7-yr Hold
Free & Clear
Property ID
US22-2176674
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Total area
137,475 SF
Lot
2 ac (87,076 SF)
Zoning code
C
APN
13-006C- C-026
UPID
US22-2176674
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.67M
Owner & transaction history
City Of College Park · 7 yrs held
City Of College Park
since 2019
6 recorded transactions
Zoning & alternative use
C · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
Assessed value
$11,580,560
Assessed 2024
Previous assessed
$11,700,040
-1.0% YoY
Assessed land
$348,320
Assessed improvement
$11,232,240
Land market value
$870,800
Improvement market value
$28,080,600
Total market value
$28,951,400
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Heating
NONE
Total area
137,475 SF
Lot
2 ac (87,076 SF)
Zoning code
C
APN
13-006C- C-026
UPID
US22-2176674
Jurisdiction
CLAYTON
Zoning & alternative use
C · Atlanta, GA
Zoning C · permitted uses
C · 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.
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
City Of College Park
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 87137, ATLANTA, GA 30337-0137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
—
College Pk Gateway Hotel Three
—
Deed
related
$48,000,000 · Cantor Com'l R/e Lndg
Feb 20, 2019
$7,250,627
City Of College Park
College Pk Busn & Indl Dev Au
Grant Deed
related
—
Apr 2, 2018
—
College Park Gateway Office Tw
College Park Busn & Indl Dev
Quit Claim Deed
related
$14,138,000 · Miscellaneous Ins Co
Apr 2, 2018
$922,000
College Park Gateway Office Tw
College Park Busn & Indl Dev
Grant Deed
related
—
—
—
College Pk Busn & Indl Dev Au
—
Deed Of Trust
related
$48,000,000 · Cantor Com'l R/e Lndg
—
—
College Pk Gateway Hotel Three
—
Deed Of Trust
related
$48,000,000 · Cantor Com'l R/e Lndg
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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