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Property profile & analytics
FOR LEASE
Retail space
226 Ralph David Abernathy Blvd Southwest Atlanta, GA 30312
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-2941677
For Lease
1 / 2
$1,765,000
226 Ralph David Abernathy Blvd Southwest, Atlanta, GA 30312
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
WOOD
Total area
8,000 SF
Lot
0.91 ac (39,422 SF)
Zoning code
R5
APN
14 007500011586
UPID
US22-2941677
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.77M
Owner & transaction history
Vanla Capital Cre 1 LP · 5 yrs held
Vanla Capital Cre 1 LP
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
R5 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+61.2%
Commercial (general)
$2.3M
+25.3%
Neighborhood: shopping center
$2.2M
+21.3%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$1,765,000
ML approach
$1,955,000
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,330,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,795,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,895,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,250,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,175,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$2,175,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,030,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,875,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $2.41M (Jun 17 2021)
Last sale anchor
$2.41M
Jun 17 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
$221 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,256
Tax year 2023
Assessed value
$440,960
Assessed 2023
Previous assessed
$440,960
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$177,480
Assessed improvement
$263,480
Land market value
$443,700
Improvement market value
$658,700
Total market value
$1,102,400
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2014
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
8,000 SF
Lot
0.91 ac (39,422 SF)
Zoning code
R5
APN
14 007500011586
UPID
US22-2941677
Jurisdiction
FULTON
Zoning & alternative use
R5 · Atlanta, GAZoning R5 · permitted uses
R5 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Vanla Capital Cre 1 LP
Entity
Mailing address
6081 FOXFIELD LN, YORBA LINDA, CA 92886-5822
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$2,412,818
Vanla Capital Cre 1 LP
David Schwartz
Warranty Deed
$1,450,000 · Capstar Bank
Jun 17, 2021
—
Vanla Cre 1 LP
David Schwartz
Warranty Deed
$1,450,000 · Capstar Bank
Nov 4, 2016
—
David S Ev Schwartz
—
Deed
related
$1,215,000 · First Technology Federal Cu
Jun 2, 2016
—
Atlanta-ralph Fds 708249 LLC
—
Deed
related
—
Apr 29, 2014
$570,000
Atlanta-ralph Fds 708249 LLC
226 Abernathy LLC
Grant Deed
$1,520,000 · Keyworth Bank
Sep 25, 2006
$700,000
226 Abernathy LLC
Davis,willie F
Grant Deed
—
Sep 25, 2006
—
226 Abernathy LLC
Davis,willie F
Quit Claim Deed
related
$595,000 · Georgian Bk
Sep 22, 2006
$700,000
226 Abernathy LLC
Davis,willie F
Grant Deed
—
Sep 22, 2006
—
226 Abernathy LLC
Davis,willie F
Grant Deed
related
—
—
—
226 Abernathy LLC
—
Deed Of Trust
related
$595,000 · Georgian Bank
—
—
Atlanta-ralph Fds 708249 LLC
—
Loan Modification
related
—
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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