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Property profile & analytics
FOR LEASE
Office buildings
2233 Lake Park Dr SE Smyrna, GA 30080
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1650295
For Lease
1 / 48
$23,705,000
2233 Lake Park Dr SE, Smyrna, GA 30080
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
264,779 SF
Lot
2.99 ac (130,027 SF)
Zoning code
GC
APN
17077900110
UPID
US22-1650295
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
-
Brandino's Take-out & Catering Catering Service
-
FedEx Drop Box Postal Service Courier Service
-
Facility Design Group Architect
-
Facility Constructors Inc Construction Company
-
ONEsource Facility Solutions Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.12M
Blend (final)
Blend
$23.71M
Owner & transaction history
Monarch National Insurance Company · 1 yrs held
Monarch National Insurance Company
since 2025
7 recorded transactions
Zoning & alternative use
GC · Smyrna, 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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$23.71M
Range $21.33M – $26.08M · ±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
$90 / 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
$87,998
Tax year 2024
Assessed value
$3,240,000
Assessed 2024
Previous assessed
$2,760,000
+17.4% YoY
Effective rate
2.72%
On assessed value
Assessed land
$450,988
Assessed improvement
$2,789,012
Land market value
$1,127,470
Improvement market value
$6,972,530
Total market value
$8,100,000
Applied tax rate
6.0000
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 (MULTI-STORY)
Status
For Lease
Year built
1988
Heating
NONE
Buildings
2
Total area
264,779 SF
Lot
2.99 ac (130,027 SF)
Zoning code
GC
APN
17077900110
UPID
US22-1650295
Jurisdiction
COBB
Zoning & alternative use
GC · Smyrna, GA
Zoning GC · permitted uses
GC · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Buildings
2
Lot
2.99 ac
Current owner
From public records · entity-resolved
Monarch National Insurance Company
Entity
Free & Clear · 1 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 12, 2025
—
Monarch National Insurance Company
Gov Smyrna LLC
Deed
—
Dec 19, 2023
$8,100,000
Gov Smyrna LLC
Brookwood Lakewood II LLC
Limited Warranty Deed
—
Dec 19, 2023
—
Brookwood Lakewod II LLC
Sunovas Bank
Deed
—
Jan 24, 2020
—
Brookwood Lakewood II LLC
—
Deed
related
$6,500,000 · Synovus Bank
Nov 6, 2013
$10,600,000
Brookwood Lakewood II LLC
Pky Fund II Smyrna I LLC
Grant Deed
$7,420,000 · Everbank
Nov 3, 2010
$3,000,000
Pkwy Fund II Smyrna I LLC
Parkway Atlanta Charlotte Offi
Grant Deed
related
—
Oct 7, 2010
$3,000,000
Parkway Atlanta Charlotte Offi
Rubicon Park I LLC
Trustees Deed
related
—
Dec 21, 2004
$13,500,000
Rubiconpark I LLC
Parkway Properties
Grant Deed
related
$52,000,000 · Bear Stearns Commercial Mtg
Jul 11, 1997
$11,500,000
Parkway Properties LP
2233 LP
Grant Deed
related
$7,000,000 · Miscellaneous Ins Co
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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