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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Office buildings
2251 Lk Park SE Dr Smyrna, GA 30080-7605
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0817173
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
32,764 SF
Lot
3.61 ac (157,077 SF)
Zoning code
GC
APN
17077900100
UPID
US22-0817173
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
-
Medicare Insurance Marietta, GA Community Center
-
Water & Fire Damage Responders of Smyrna Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$3.75M
Owner & transaction history
Colonial Pipeline Company · 3 yrs held
Colonial Pipeline Company
since 2023
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,200,000
Current use
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±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
$114 / 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
$35,293
Tax year 2024
Assessed value
$1,299,440
Assessed 2024
Previous assessed
$1,298,280
+0.1% YoY
Effective rate
2.72%
On assessed value
Assessed land
$535,384
Assessed improvement
$764,056
Land market value
$1,338,460
Improvement market value
$1,910,140
Total market value
$3,248,600
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
Status
Off-Market
Year built
1984
Heating
NONE
Total area
32,764 SF
Lot
3.61 ac (157,077 SF)
Zoning code
GC
APN
17077900100
UPID
US22-0817173
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
$6.2M
OFFICE BUILDING Current
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
1984
Heating
NONE
Lot
3.61 ac
Current owner
From public records · entity-resolved
Colonial Pipeline Company
Entity
Free & Clear · 3 yrs held
Mailing address
1195 E BEECHWOOD DR NW, ATLANTA, GA 30327-2705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Colonial Pipeline Company
Smk Realestate LLC
Lease
—
Nov 22, 2022
—
Smk Realestate LLC
—
Deed
related
$18,000 · South State Bank NA
Mar 22, 2018
$2,730,000
Smk Realestate LLC
Tower Lending LLC
Grant Deed
$1,500,000 · Banksouth-watkinsville
Feb 2, 2018
$2,300,000
Tower Lending LLC
Gotham Media Corp
Trustees Deed
related
—
May 5, 2016
$2,900,000
Gotham Media Corp
Tower Land LLC
Grant Deed
$2,320,000 · Tower Lending Tower Lending
Nov 3, 2015
$1,500,000
Tower Land LLC
2251 Lake Park Inv Group LLC
Trustees Deed
related
—
Sep 26, 2014
—
2251 Lake Park Inv Group LLC
—
Trustees Deed
related
$5,600,000 · * Other Institutional Lenders
Mar 12, 2014
—
2251 Lake Park Inv Group LLC
—
Trustees Deed
related
$500,000 · Paradigm Credit Corp
Dec 3, 2012
$2,320,000
2251 Lake Park Inv Group LLC
Carbo Investments LLC
Grant Deed
$1,320,000 · Carbo Investments LLC
Jul 15, 2005
$2,200,000
Carbo Investment LLC
Pacific Life Insurance Co
Grant Deed
$2,000,000 · Suntrust Bank NA
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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