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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2456 Martin Luther King Jr SW Dr Atlanta, GA 30311-1714
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US22-4574054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Total area
1,860 SF
Lot
0.66 ac (28,575 SF)
Zoning code
C1
APN
14 020500030902
UPID
US22-4574054
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sk Lucky LLC · 9 yrs held
Sk Lucky LLC
since 2016
7 recorded transactions
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,276
Tax year 2023
Assessed value
$320,680
Assessed 2023
Previous assessed
$320,680
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$197,000
Assessed improvement
$123,680
Land market value
$492,500
Improvement market value
$309,200
Total market value
$801,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,860 SF
Lot
0.66 ac (28,575 SF)
Zoning code
C1
APN
14 020500030902
UPID
US22-4574054
Jurisdiction
FULTON
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Sk Lucky LLC
Entity
Mailing address
2456 MARTIN LUTHER KING JR DR SW, ATLANTA, GA 30311-1714
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Sk Lucky LLC
—
Deed
related
$815,000 · Georgias Own Credit Union
Aug 10, 2016
$1,500,000
Sk Lucky LLC
Mlk5 Properties LLC
Grant Deed
$1,050,000 · First Intercontinental Bk
Jun 20, 2016
$1,006,000
Mlk5 Properties LLC
Indore C Stores INC
Grant Deed
—
Mar 23, 2007
$900,000
Indore C Stores INC
Mlk Retail Plaza LLC
Grant Deed
—
Mar 15, 2007
$900,000
Indore C Stoners INC
Mlk Retail Plaza LLC
Grant Deed
—
Dec 28, 2004
$629,000
Mlk Retail Plaza LLC
Bp Products North America INC
Grant Deed
—
Dec 28, 2004
—
Mlk Retail Plaza LLC
Bp Products North America INC
Quit Claim Deed
related
$560,000 · Quantum Nat'l Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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