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Property profile & analytics
OFF-MARKET
Estimated value
$6,020,000
Strip malls
2149 Briarcliff NE Rd, Atlanta, GA 30329-3449
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1057889
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Total area
30,327 SF
Lot
4 ac (174,240 SF)
Zoning code
X
APN
18 109 05 008
UPID
US22-1057889
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
-
Red Pepper Taqueria - Briarcliff Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.02M
Owner & transaction history
Georgia State Dept Of Transportatio · 1 yrs held
Georgia State Dept Of Transportatio
since 2024
1 recorded transaction
Zoning & alternative use
X · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+3.3%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,840,000
6.5%
$6,315,000
7%
$5,865,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,255,000
Current use
COMMERCIAL (GENERAL)
$8,525,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$8,245,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,700,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$7,100,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$6,800,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$6.02M
Range $5.42M – $6.62M · ±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
$199 / 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
$126,095
Tax year 2024
Assessed value
$6,142,320
Assessed 2024
Previous assessed
$2,770,000
+121.7% YoY
Effective rate
2.05%
On assessed value
Assessed land
$554,000
Assessed improvement
$5,588,320
Land market value
$1,385,000
Improvement market value
$13,970,800
Total market value
$15,355,800
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
30,327 SF
Lot
4 ac (174,240 SF)
Zoning code
X
APN
18 109 05 008
UPID
US22-1057889
Jurisdiction
DE KALB
Zoning & alternative use
X · Atlanta, GA
Zoning X · permitted uses
X · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4 ac
Current owner
From public records · entity-resolved
Georgia State Dept Of Transportatio
Entity
Free & Clear · 1 yrs held
Mailing address
5025 WINTERS CHAPEL RD STE M, ATLANTA, GA 30360-1700
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Georgia State Dept Of Transportatio
Riversource Life Insurance Co
Quitclaim Deed
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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