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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Office buildings
215 Church St Decatur, GA 30030-3330
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0814918
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Construction
WOOD FRAME
Total area
12,086 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C2
APN
15 246 02 031
UPID
US22-0814918
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
-
Evans Roofing, Inc Roofing Company General Contractor
-
Mandala Psychotherapy Psychotherapist
-
Pea Pod Nutrition and Lactation Support Physician
-
Heather Kotler LCSW, MPH LLC Social Worker Mental Health Service
-
Dailey Sarah Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.84M
Owner & transaction history
Blair Building LLC · 5 yrs held
Blair Building LLC
since 2021
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
C2 · Decatur, 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 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
$2,720,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
$2,875,000
6.5%
$2,655,000
7%
$2,465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,725,000
Current use
AUTO REPAIR, GARAGE
$3,190,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.85M (Jul 1 2021)
Last sale anchor
$2.85M
Jul 1 2021
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
$235 / 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
$9,510
Tax year 2024
Assessed value
$947,200
Assessed 2024
Previous assessed
$947,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$227,328
Assessed improvement
$719,872
Land market value
$568,320
Improvement market value
$1,799,680
Total market value
$2,368,000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1942
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
12,086 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C2
APN
15 246 02 031
UPID
US22-0814918
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Decatur, GA
Zoning C2 · permitted uses
C2 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1942
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Blair Building LLC
Entity
Mailing address
135 AUBURN AVE NE #201, ATLANTA, GA 30303-2567
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Blair Building LLC
—
Deed
related
$375,000 · South State Bank
Jul 1, 2021
$2,850,000
Blair Building LLC
215 Church LLC
Warranty Deed
$2,440,000 · South State Bank
Jul 1, 2021
—
Blair Building LLC
215 Church LLC
Warranty Deed
$2,440,000 · South State Bank
—
—
215 Church LLC
—
Deed Of Trust
related
$802,607 · Ironstone 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.
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