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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Investment properties
228 Church NE St Marietta, GA 30060-1604
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0792268
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
2,983 SF
Lot
0.23 ac (10,158 SF)
Zoning code
OI
APN
16115900310
UPID
US22-0792268
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
-
Guardian Interlock Systems Industrial Manufacturer Production Facility
-
Education Planners, LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$700k
Owner & transaction history
Thomas Arthur Elliott JR · 1 yrs held
Thomas Arthur Elliott JR
since 2024
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
OI · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+140.2%
Medical building
$720,000
+54.6%
Neighborhood: shopping center
$655,000
+40.9%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$465,000
Current use
WAREHOUSE, STORAGE
$1,120,000
Change: +140% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: +1% · Conversion: Easy
RETAIL STORES
$435,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Oct 21 2024)
Last sale anchor
$700k
Oct 21 2024
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
$235 / 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
$2,586
Tax year 2024
Assessed value
$305,720
Assessed 2024
Previous assessed
$266,056
+14.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$140,320
Assessed improvement
$165,400
Land market value
$350,800
Improvement market value
$413,500
Total market value
$764,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Rooms
10
Bathrooms
2
Total area
2,983 SF
Lot
0.23 ac (10,158 SF)
Zoning code
OI
APN
16115900310
UPID
US22-0792268
Jurisdiction
COBB
Zoning & alternative use
OI · Marietta, GA
Zoning OI · permitted uses
OI · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$435,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1900
Heating
NONE
Stories
2
Rooms
10
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Thomas Arthur Elliott JR
Individual
Free & Clear · 1 yrs held
Mailing address
3219 BOB COX RD NW, MARIETTA, GA 30064-1750
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Thomas Arthur Elliott JR
Thomas A Elliott JR
Deed
related
—
Jan 11, 2021
$700,000
Thomas A Elliott JR
228 Church Street LLC
Grant Deed
—
Jan 11, 2021
—
Thomas A Elliott JR
228 Church Street LLC
Quit Claim Deed
related
—
Oct 30, 2006
$620,000
Sheram Enterpriese INC
Pressley,adrian Winship
Grant Deed
—
Sep 28, 2006
$5,000
Adrian Winship Pressley
Winship,henry Dillon III
Grant Deed
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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