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Property profile & analytics
OFF-MARKET
Estimated value
$37,565,000
Hotels
239 Ivan Allen Jr NW Blvd Atlanta, GA 30313-1949
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1409740
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
144,520 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C3
APN
14 007900101326
UPID
US22-1409740
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
-
SpringHill Suites Atlanta Downtown Hotel & Motel
-
Smith Kathy DDS Dental Office
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Hornsby Jr James L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.49M
Blend (final)
Blend
$37.57M
Owner & transaction history
239 Ivan Allen Atlanta Holdings LLC · 4 yrs held
239 Ivan Allen Atlanta Holdings LLC
since 2021
Last sale
$35.5M
7 recorded transactions
Zoning & alternative use
C3 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$40.6M
+28.9%
Neighborhood: shopping center
$39.3M
+24.8%
Medical building
$39.3M
+24.6%
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
$36,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$31,525,000
Current use
COMMERCIAL (GENERAL)
$40,620,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$39,335,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$39,290,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,700,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$33,835,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$37.57M
Range $33.81M – $41.32M · ±10% · vs last sale $35.45M (Jul 22 2021)
Last sale anchor
$35.45M
Jul 22 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
$260 / 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
$610,195
Tax year 2023
Assessed value
$13,150,760
Assessed 2023
Previous assessed
$13,270,480
-0.9% YoY
Effective rate
4.64%
On assessed value
Assessed land
$1,235,240
Assessed improvement
$11,915,520
Land market value
$3,088,100
Improvement market value
$29,788,800
Total market value
$32,876,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Heating
YES
Cooling
YES
Stories
1
Units
170
Total area
144,520 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C3
APN
14 007900101326
UPID
US22-1409740
Jurisdiction
FULTON
Zoning & alternative use
C3 · Atlanta, GA
Zoning C3 · permitted uses
C3 · 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
HOTEL/MOTEL Current
Est. value
$31.5M
COMMERCIAL (GENERAL)
Est. value
$40.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.3M
MEDICAL BUILDING
Est. value
$39.3M
AUTO REPAIR, GARAGE
Est. value
$36.7M
OFFICE BUILDING
Est. value
$33.8M
HOTEL/MOTEL 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
2017
Heating
YES
Cooling
Yes
Stories
1
Units
170
Lot
0.66 ac
Current owner
From public records · entity-resolved
239 Ivan Allen Atlanta Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
50 S STEELE ST STE #200, DENVER, CO 80209-2807
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
239 Ivan Allen Atlanta Holding
—
Deed
related
$440,000,000 · Wells Fargo
Apr 7, 2025
—
239 Ivan Allen Atlanta Holding
—
Deed
related
$430,000,000 · Wells Fargo
Oct 19, 2021
—
239 Ivan Allen Atlanta Holding
—
Deed
related
—
Jul 22, 2021
$35,453,000
239 Ivan Allen Atlanta Holdings LLC
Luckie Hotel Grp LLC
Warranty Deed
—
Jun 30, 2016
—
Luckie Hotel Group LLC
—
Grant Deed
related
$27,000,000 · Pinnacle Bk
Jul 16, 2013
$2,200,000
Luckie Hotel Group LLC
Ferber Corp
Grant Deed
$1,430,000 · Columbus Bk&tr
Mar 21, 2011
—
Privateer Properties LLC
Pirate World LLC
Warranty Deed
related
—
Aug 28, 2009
$2,500,000
Pirate World LLC
The,good Samaritan Health
Grant Deed
$2,475,000 · The Good Samaritan Health Center INC
—
—
Luckie Hotel Group LLC
—
Loan Modification
related
$1,430,000 · Columbus Bk&tr
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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