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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Commercial real estate
2386 Clower St Snellville, GA 30078-6134
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1310492
Property summary
AI-generated overview
This exceptional 416-square-foot executive office suite is ideally located in the Snellville submarket of Georgia, at 2386 Clower St SW, Snellville, GA 30078. Situated on the second floor of the Cobblestone Office Park @ the Grove, this single-tenant space boasts a private exterior entry and features newer paint and attractive gray carpeting. The suite is part of a double suite configuration, with an interior door providing privacy between the two units. Shared amenities include a renovated waiting area and a conference room, accessible to all tenants within the complex. Utilities are included in the monthly rent of $999 (for a one-year lease), a December special, representing $28.81 per square foot. Tenants are responsible for janitorial services, pest control, and communication services (phone/cable). There are no CAM fees currently assessed. The building does not have elevators and is accessed via stairs. This property is perfect for one or two-person professional offices
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
WOOD
Total area
11,500 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C1-NBHD BUSINESS
APN
5-039 -187
UPID
US22-1310492
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
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.15M
Owner & transaction history
Downtown Dev Authority Of Snellvi · 7 yrs held
Downtown Dev Authority Of Snellvi
since 2019
1 recorded transaction
Zoning & alternative use
C1-NBHD BUSINESS · Snellville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+0.2%
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 Snellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snellville 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%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,100,000
Current use
RETAIL STORES
$3,105,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,030,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,805,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±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
$187 / 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
Assessed value
$565,520
Assessed 2023
Previous assessed
$565,520
+0.0% YoY
Assessed land
$72,840
Assessed improvement
$492,680
Land market value
$182,100
Improvement market value
$1,231,700
Total market value
$1,413,800
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
11,500 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C1-NBHD BUSINESS
APN
5-039 -187
UPID
US22-1310492
Jurisdiction
GWINNETT
Zoning & alternative use
C1-NBHD BUSINESS · Snellville, GA
Zoning C1-NBHD BUSINESS · permitted uses
C1-NBHD BUSINESS · Snellville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snellville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Downtown Dev Authority Of Snellvi
Entity
Free & Clear · 7 yrs held
Mailing address
2342 OAK RD, SNELLVILLE, GA 30078-2361
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2019
$3,875,000
Downtown Dev Authority Of Snellvi
Cobblestone Office Park LLC
Warranty Deed
—
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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