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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Retail space
2467 Wesley Chapel Rd Decatur, GA 30035-3400
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1529967
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
9,500 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C1
APN
15 131 01 005
UPID
US22-1529967
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
-
Alienship Smoke And Vape Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Doll Factory Studios LLC Cosmetic Store
-
Joshua Shot It LLC Photography Service (Bike/Boat/Book/etc) Store
-
My Lord's Royal Mimi Mall Shopping Center & Mall
-
Lani Lash & Co. Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.48M
Owner & transaction history
Jaak Real Estate LLC
Jaak Real Estate LLC
since 2025
6 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home Page | Decatur GA
Top alternative use upside
Office building
$2.4M
+8.8%
Commercial (general)
$2.3M
+4.2%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,215,000
Current use
OFFICE BUILDING
$2,410,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,305,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$2,200,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10%
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
$156 / 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
$22,584
Tax year 2024
Assessed value
$636,800
Assessed 2024
Previous assessed
$493,680
+29.0% YoY
Effective rate
3.55%
On assessed value
Assessed land
$128,560
Assessed improvement
$508,240
Land market value
$321,400
Improvement market value
$1,270,600
Total market value
$1,592,000
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
9,500 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C1
APN
15 131 01 005
UPID
US22-1529967
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GAZoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL 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
1984
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Jaak Real Estate LLC
Entity
Mailing address
2230 SUGARLOAF CLB DR, DULUTH, GA 30097-7415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$1,350,000
Jaak Real Estate LLC
Ns Investors LLC
Warranty Deed
$1,050,000 · Bank Of Dudley
Apr 17, 2018
$1,235,000
Ns Investors LLC
Hjs Dekalb LLC
Grant Deed
$742,000 · Shinhan Bk
Apr 21, 2014
—
Hjs Dekalb LLC
Jshk Properties LLC
Grant Deed
related
$744,467 · First Intercontinental Bk
Aug 31, 2006
$1,250,000
Jshk Properties LLC
Oaktree,shopping Center Ld
Grant Deed
—
Oct 4, 2004
$1,075,000
Hong J Shin
Oaktree Shopping Center LLC
Grant Deed
$806,250 · First Intercontinental Bank
—
—
Oaktree Shopping Center
—
Deed Of Trust
related
$600,000 · Main Street Bank
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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