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    Property profile & analytics

    2405 Salem SE Rd Conyers, GA 30013-6316

    • Banks
    • 3,301 SF
    • 1.02 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2023
    $510,000
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1767547
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BB&T Mortgage / Loan Service / Bank
    • BB&T Insurance Services / Insurance Agency
    • BB&T ATM / Atm

    Property Details for 2405 Salem SE Rd

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.02 lot acres
    Property size
    3,301 SF
    Zone code
    OI
    Property type
    Banks
    APN
    077-0-01-001H
    APU
    077001001H

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $535,000
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $358,000
      Market price range: $154k - $509k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $350,000
      Current use
      COMMERCIAL (GENERAL)
      $375,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $325,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9775
    Latitude
    33.6255
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,687
    $142,160
    $163,200
    $305,360
    -
    $355,400
    $408,000
    $763,400

    Comparable in this City

    • Value Estimation
      $710,000
      13,214 SF

      1981 Hwy 138th SE

      FINANCIAL BUILDING • 13,214 SF
      1981 Hwy 138th SE, Conyers, GA 30013-2038
      View Details
    • Value Estimation by Request
      4,750 SF

      2140 Old Covington NE Rd

      FINANCIAL BUILDING • 4,750 SF
      2140 Old Covington NE Rd, Conyers, GA 30013-1553
      View Details
    • Value Estimation
      $780,000
      14,904 SF

      1530 Hwy 138th SE

      FINANCIAL BUILDING • 14,904 SF
      1530 Hwy 138th SE, Conyers, GA 30013-1299
      View Details
    • Value Estimation
      $695,000
      10,900 SF

      1000 Hwy 138th SE

      FINANCIAL BUILDING • 10,900 SF
      1000 Hwy 138th SE, Conyers, GA 30013-1226
      View Details
    • Value Estimation
      $1,550,000
      4,700 SF

      1440 Hwy 138th SE

      FINANCIAL BUILDING • 4,700 SF
      1440 Hwy 138th SE, Conyers, GA 30013-1285
      View Details
    • Value Estimation by Request
      7,854 SF

      1540 Hwy 138th SE

      FINANCIAL BUILDING • 7,854 SF
      1540 Hwy 138th SE, Conyers, GA 30013-1297
      View Details

    Similar Nearby for Sale

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      Land with I-20 Frontage

      Commercial land with building, high visibility, and development potential.
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      Free-Standing Retail Building For Sale

      Highly visible retail building with grandfathered signage in Conyers, GA.
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      Commercial Property in Conyers, GA

      Commercial property for sale in Conyers, Rockdale County, Georgia.
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      View Details
    • $1,500,000
      1.63 Acres

      Commercial Land I-20 Frontage

      Automobile sales business opportunity with I-20 frontage and access.
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      Conyers Land with Development Potential

      17+ acres of land with clear areas in Conyers.
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      3.4 Acres, I-20 Visibility
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    Similar Nearby for Lease

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      2,000 SF

      New Retail Space with Drive-Through

      2,000 SF corner retail space with drive-through in Conyers.
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      View Details
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      High-traffic retail space in Conyers, GA
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      View Details
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      High-traffic Conyers retail space available.
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      118,916 SF

      Conyers Commons Retail Space Available

      Prime Conyers retail space, multiple units.
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      View Details
    • Contact for pricing
      43,560 SF

      Conyers, GA Commercial Land Lease

      Prime 1-acre commercial lot, ground lease available.
      2198 Salem Rd, Conyers, GA 30013
      View Details
    • Contact for pricing

      Retail Center in Conyers Corridor

      Multi-tenant retail center with high traffic and quality construction.
      1550 Highway 138 SE, Conyers, GA 30013
      View Details
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    Conyers, GA 30013-6316
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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