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Property profile & analytics
OFF-MARKET
Estimated value
$4,345,000
Office buildings
2251 Corporate Plz SE Pkwy, Smyrna, GA 30080-2900
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1822473
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
20,000 SF
Lot
2 ac (87,120 SF)
Zoning code
GC
APN
17085100210
UPID
US22-1822473
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
-
Environmental Service Partners General Contractor
-
Structor Group Construction Company General Contractor
-
candlewood Suites smyrna Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$4.35M
Owner & transaction history
Blue Wave Properties LLC · 6 yrs held
Blue Wave Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
GC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+29.8%
Retail stores
$4.6M
+22.2%
Auto repair, garage
$4.0M
+5.2%
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%
$4,760,000
6.5%
$4,395,000
7%
$4,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,785,000
Current use
MEDICAL BUILDING
$4,910,000
Change: +30% · Conversion: Easy
RETAIL STORES
$4,625,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,980,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,920,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.91M – $4.78M · ±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
$217 / 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
$56,742
Tax year 2024
Assessed value
$1,740,560
Assessed 2024
Previous assessed
$1,520,000
+14.5% YoY
Effective rate
3.26%
On assessed value
Assessed land
$317,116
Assessed improvement
$1,423,444
Land market value
$792,790
Improvement market value
$3,558,610
Total market value
$4,351,400
Applied tax rate
9.0000
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
2006
Heating
NONE
Total area
20,000 SF
Lot
2 ac (87,120 SF)
Zoning code
GC
APN
17085100210
UPID
US22-1822473
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Blue Wave Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2251 CORPORATE PLZ PKWY SE STE #200, SMYRNA, GA 30080-2901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Sg Ventures Two LLC
—
Deed
related
$1,260,000 · Exchange Bank
Feb 26, 2020
—
Blue Wave Properties LLC
Wachovia Bk NA
Quit Claim Deed
related
—
Dec 19, 2019
—
Sg Ventures Two LLC
Blue Wave Properties LLC
Quit Claim Deed
related
—
Dec 19, 2019
$3,800,000
Sg Ventures Two LLC
Blue Wave Properties LLC
Grant Deed
$3,230,000 · Truist Bk
Oct 19, 2007
—
Blue Wave Properties LLC
Jkr Realty Associates Ltd
Grant Deed
related
—
Nov 24, 2004
$250,000
Blue Wave Properties LLC
Jkr Realty Associates Ltd
Grant Deed
related
—
—
—
Blue Wave Properties LLC
—
Loan Modification
related
$2,590,292 · Wells Fargo 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.
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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