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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
2199 Decatur Rd Decatur, GA 30033-5398
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0689369
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
WOOD FRAME
Total area
7,661 SF
Lot
0.39 ac (17,119 SF)
Zoning code
OI
APN
18 051 08 024
UPID
US22-0689369
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
-
Veritas Church Church
-
Acupuncture Clinic Medical Clinic Alternative Medicine Practice
-
Dr. Sue Lee Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$820k
Owner & transaction history
Church Veritas · 1 yrs held
Church Veritas
since 2024
6 recorded transactions
Zoning & alternative use
OI · Decatur, GA
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$107 / 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
$404
Tax year 2024
Assessed value
$145,640
Assessed 2024
Previous assessed
$145,640
+0.0% YoY
Effective rate
0.28%
On assessed value
Assessed land
$81,224
Assessed improvement
$64,416
Land market value
$203,060
Improvement market value
$161,040
Total market value
$364,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
7,661 SF
Lot
0.39 ac (17,119 SF)
Zoning code
OI
APN
18 051 08 024
UPID
US22-0689369
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GAZoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Church Veritas
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 729, DECATUR, GA 30031-0729
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Church Veritas
Everett M Lee
Quitclaim Deed
—
Sep 9, 2019
—
Veritas Church INC
—
Deed
related
$274,941 · Miscellaneous Govt Agcy
Aug 29, 2014
$397,500
Veritas Church
Lee,sue K
Grant Deed
$300,000 · Sue K Lee
Oct 1, 2010
$330,000
Sue K Lee
Sly Investment LLC
Grant Deed
—
Jan 10, 2008
$500,000
Sly Investment LLC
Lee,sue Kim
Grant Deed
—
—
—
Veritas Church INC
—
Deed Of Trust
related
$274,941 · Miscellaneous Govt Agcy
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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