Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
2498 Spg SE Rd Smyrna, GA 30080-3877
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0721815
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
2,660 SF
Lot
0.39 ac (16,800 SF)
Zoning code
GC
APN
17081000230
UPID
US22-0721815
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
-
Fresh Laundry | 2498 Spring Road (Bike/Boat/Book/etc) Store
-
BelAire Car Wash (Behind Laundromat) Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$815k
Owner & transaction history
Rock Capital Investments LLC · 5 yrs held
Rock Capital Investments LLC
since 2021
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
GC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+62.3%
Medical building
$655,000
+6.2%
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
$815,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
RETAIL STORES
$615,000
Current use
WAREHOUSE, STORAGE
$1,000,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: -15% · Conversion: Moderate
OFFICE BUILDING
$505,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $780k (Feb 18 2021)
Last sale anchor
$780k
Feb 18 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
$306 / 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
$5,449
Tax year 2024
Assessed value
$200,640
Assessed 2024
Previous assessed
$200,640
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$131,040
Assessed improvement
$69,600
Land market value
$327,600
Improvement market value
$174,000
Total market value
$501,600
Applied tax rate
6.0000
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
1965
Heating
NONE
Total area
2,660 SF
Lot
0.39 ac (16,800 SF)
Zoning code
GC
APN
17081000230
UPID
US22-0721815
Jurisdiction
COBB
Zoning & alternative use
GC · Smyrna, GA
Zoning GC · permitted uses
GC · 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
RETAIL STORES Current
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
OFFICE BUILDING
Est. value
$505,000
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1965
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Rock Capital Investments LLC
Entity
Mailing address
PO BOX 813007, SMYRNA, GA 30081-8007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Rock Capital Investments LLC
—
Deed
related
$400,000 · Florida Business Development Corporation
Jan 18, 2024
—
Rock Capital Investments LLC
—
Deed
related
$388,000 · Bank Of America NA
Feb 18, 2021
$780,000
Rock Capital Investments LLC
Hyun Kim Joo
Limited Warranty Deed
$1,225,000 · United Community Bank
Jun 3, 2019
$400,000
Kenneth Seo
Hyoungho Lee
Warranty Deed
—
Feb 13, 2008
—
Hyungho Lee
Schmerler,martha
Grant Deed
related
—
Jan 18, 2008
—
Hyungho Lee
Schmerler,martha
Quit Claim Deed
related
—
Jan 18, 2008
$382,000
Hyungho Lee
Schmerler,martha
Grant Deed
—
Jan 17, 2008
$382,000
Hyungho Lee
Schmerler,martha
Grant Deed
—
Jan 17, 2008
—
Hyungho Lee
Schmerler,martha
Grant Deed
related
—
Jan 17, 2007
—
Hyungho Lee
Schmerler,martha
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2498 Spg SE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
