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    Property profile & analytics

    2415 Wall SE St Conyers, GA 30013-6384

    • Medical offices
    • 8,052 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2022
    Value Estimations
    $1,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1465667
    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

    • East Metro Orthopaedics / Physician
    • Therapy Center East / Medical Clinic
    • Hopebridge Autism Therapy Center / Medical Clinic
    • Brandon Wright / Physician
    • Donald Showalter / Physician

    Property Details for 2415 Wall SE St

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    1.83 lot acres
    Property size
    8,052 SF
    Zone code
    OI
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    077-0-01-0023
    APU
    770010023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,945,000
      6.5%
      $1,795,000
      7%
      $1,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,004,000
      Market price range: $878k - $2.00M
      AI Estimate
      $1,148,000
      Market price range: $390k - $1.15M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,480,000
      Current use
      COMMERCIAL (GENERAL)
      $2,575,000
      Change: +74% Conversion: Easy
      RETAIL STORES
      $1,285,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9811
    Latitude
    33.6259
    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
    $36,339
    $127,520
    $759,040
    $886,560
    -
    $318,800
    $1,897,600
    $2,216,400

    Comparable in this City

    • Value Estimation
      $725,000
      5,040 SF

      1809 Honey Crk SE Cmns

      MEDICAL BUILDING • 5,040 SF
      1809 Honey Crk SE Cmns, Conyers, GA 30013-5839
      View Details
    • Value Estimation
      $785,000
      5,180 SF

      2215 Exchange SE Pl

      MEDICAL BUILDING • 5,180 SF
      2215 Exchange SE Pl, Conyers, GA 30013-6723
      View Details
    • Value Estimation
      $1,090,000
      4,278 SF

      1610 Hwy 138th SE

      MEDICAL BUILDING • 4,278 SF
      1610 Hwy 138th SE, Conyers, GA 30013-1279
      View Details
    • Value Estimation by Request
      1,016 SF

      4589 Hwy 20th SE

      MEDICAL BUILDING • 1,016 SF
      4589 Hwy 20th SE, Conyers, GA 30013-4607
      View Details
    • Value Estimation
      $1,340,000
      12,546 SF

      3641 Hwy 20th SE

      MEDICAL BUILDING • 12,546 SF
      3641 Hwy 20th SE, Conyers, GA 30013-3064
      View Details
    • Value Estimation
      $695,000
      3,960 SF

      1280 Dogwood SE Dr

      MEDICAL BUILDING • 3,960 SF
      1280 Dogwood SE Dr, Conyers, GA 30013-5046
      View Details

    Similar Nearby for Sale

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      Conyers Land Parcel For Sale

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      Conyers Office/Medical Building For Sale

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      Residential Land in Foxwood Hills

      1.11-acre lot in established Conyers community.
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      View Details
    • $559,300
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      Conyers Land with Rezone Potential

      4.711 acres in Conyers, GA, with rezone possibilities.
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    • Contact for pricing
      1.11 Acres

      Residential Lot Near I-20

      Level, wooded 1.11-acre residential lot with road frontage.
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      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      24,010 SF

      Rockdale Medical Office Building

      Conyers, GA: Medical Office Space Available
      1380 Milstead Ave, Conyers, GA 30013
      View Details
    • $20 SF/Yr
      1,800 SF

      Conyers Office Space for Lease

      Modern Office Suites in Prime Conyers Location
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      View Details
    • $12 SF/Yr
      9,000 SF

      Conyers Executive Office Suite for Lease

      Prime Conyers office, 400 sq ft, single tenant.
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      View Details
    • Contact for pricing
      3,170 SF

      Conyers Retail Space - Highway 20

      High-traffic retail space, ready for tenant.
      3590 Highway 20, Conyers, GA 30013
      View Details
    • Contact for pricing

      Luxury Townhomes for Rent

      New luxury two- and three-bedroom townhomes in Conyers, Georgia.
      10 Bridgestone Ave, Conyers, GA 30013
      View Details
    • Contact for pricing
      118,916 SF

      Conyers Commons Retail Space Available

      Prime Conyers retail space, multiple units.
      2203 Ga-20, Conyers, GA 30013
      View Details
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    Conyers, GA 30013-6384
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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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