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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Office buildings
2430 Herodian SE Way Smyrna, GA 30080-2980
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-1066180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
14,824 SF
Lot
0.99 ac (43,192 SF)
Zoning code
OI
APN
17087800110
UPID
US22-1066180
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
-
Fairway Independent Mortgage Corporation Loan Service Bank
-
Elliott Kirby | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
-
The Active Leader Corporate Office
-
Moodshare Crisis Center Medical Clinic
-
Scott Madrid | Fairway Independent Mortgage Corporation Branch Manager Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.09M
CAP Approach
CAP
$3.26M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.72M
Owner & transaction history
2430 Herodian Way LLC · 9 yrs held
2430 Herodian Way LLC
since 2017
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
OI · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.6M
+98.4%
Medical building
$3.6M
+29.8%
Retail stores
$3.4M
+22.2%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$3,735,000
ML approach
$4,085,000
CAP Approach
CAP Return
Estimation
6%
$3,530,000
6.5%
$3,260,000
7%
$3,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,805,000
Current use
WAREHOUSE, STORAGE
$5,565,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$3,640,000
Change: +30% · Conversion: Easy
RETAIL STORES
$3,425,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,950,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,905,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10% · vs last sale $3.57M (Jul 19 2021)
Last sale anchor
$3.57M
Jul 19 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
$251 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$39,769
Tax year 2024
Assessed value
$1,219,920
Assessed 2024
Previous assessed
$1,219,920
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$609,860
Assessed improvement
$610,060
Land market value
$1,524,650
Improvement market value
$1,525,150
Total market value
$3,049,800
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Total area
14,824 SF
Lot
0.99 ac (43,192 SF)
Zoning code
OI
APN
17087800110
UPID
US22-1066180
Jurisdiction
COBB
Zoning & alternative use
OI · Smyrna, GA
Zoning OI · permitted uses
OI · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Heating
NONE
Lot
0.99 ac
Current owner
From public records · entity-resolved
2430 Herodian Way LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2430 HERODIAN WAY SE, SMYRNA, GA 30080-2980
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2017
—
2430 Herodian Way LLC
Herodian Way Associates
Quit Claim Deed
related
—
Jun 23, 2017
$1,150,000
2430 Herodian Way LLC
Herodian Way Associates
Grant Deed
related
—
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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