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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Retail space
2324 Cascade SW Rd Atlanta, GA 30311-3295
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0913272
Property summary
AI-generated overview
This exceptional 8,200-square-foot freestanding retail building, constructed in 2012, is situated on a 0.889-acre lot at 2324 Cascade Rd in Atlanta, Georgia, zip code 30311. Currently occupied by a tenant with lease expiration in Fall 2025, this property presents a unique opportunity for sale or lease. The building offers ample parking with approximately 37 spaces. The property is located in Fulton County and boasts strong demographics, with an estimated 81,996 people and 34,420 households within a three-mile radius, exhibiting an average household income of $64,166. The single-tenant occupancy provides a straightforward investment opportunity. The property's size and location make it ideal for a variety of retail uses. Additional information, including detailed financial data and lease terms, is available upon request. This is a prime opportunity to acquire a well-located, freestanding retail property in a thriving Atlanta market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
8,200 SF
Lot
0.89 ac (38,725 SF)
Zoning code
C1
APN
14 018400020130
UPID
US22-0913272
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
-
Family Dollar Discount Store
-
Amazon Locker - Waterside Courier Service Postal Service
-
SameDay-FlowerDelivery (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.71M
Owner & transaction history
Upward Construction LLC · 3 yrs held
Upward Construction LLC
since 2022
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+106.3%
Neighborhood: shopping center
$2.2M
+99.8%
Medical building
$2.2M
+99.5%
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
$1,570,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,115,000
Current use
COMMERCIAL (GENERAL)
$2,305,000
Change: +106% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,230,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$2,230,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,080,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$1,920,000
Change: +72% · Conversion: Easy
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.96M (Oct 18 2022)
Last sale anchor
$1.96M
Oct 18 2022
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
$209 / 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
$21,011
Tax year 2023
Assessed value
$507,520
Assessed 2023
Previous assessed
$507,520
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$170,000
Assessed improvement
$337,520
Land market value
$425,000
Improvement market value
$843,800
Total market value
$1,268,800
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
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,200 SF
Lot
0.89 ac (38,725 SF)
Zoning code
C1
APN
14 018400020130
UPID
US22-0913272
Jurisdiction
FULTON
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
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
2011
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Upward Construction LLC
Entity
Mailing address
2445 HWY 557, CLOVER, SC 29710-7310
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$1,961,000
Upward Construction LLC
Cobb Capital Holdings LLC
Warranty Deed
$1,470,750 · United Community Bank
Mar 7, 2013
—
William S Cobb III
Gurgew,max P & Susan S
Quit Claim Deed
related
$650,000 · Everbank
Jan 9, 2013
$2,100,000
William S Cobb III
Gpi-cascade LLC
Grant Deed
$625,000 · Max P & Susan S Gurgew
Jun 13, 2012
$575,000
Gpi-cascade LLC
Brand Robert L JR
Warranty Deed
$1,475,000 · Keyworth 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.
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