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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Strip malls
2585 Spg SE Rd Smyrna, GA 30080-3825
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1655281
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Total area
6,588 SF
Lot
0.76 ac (33,279 SF)
Zoning code
OI
APN
17084700090
UPID
US22-1655281
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
-
Spring Rd Laundry and Cleaners (Bike/Boat/Book/etc) Store
-
Spring Road Retail Center (Bike/Boat/Book/etc) Store
-
J's Snackland Tacos Restaurant
-
Levellz Cut’s Barber Shop
-
Gilmore Garage Door Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Menaber Family Properties LLC · 5 yrs held
Menaber Family Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
OI · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent in establishing the OI district is to encourage the development of and provide areas suitable for offices of various types, public and private community uses and certain related activities.
Zone name
Office Industrial District
General category
INDUSTRIAL
Zone area
215.71 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.3M
+1.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,290,000
Current use
AUTO REPAIR, GARAGE
$1,310,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$128 / 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
$10,136
Tax year 2024
Assessed value
$373,200
Assessed 2024
Previous assessed
$372,960
+0.1% YoY
Effective rate
2.72%
On assessed value
Assessed land
$223,756
Assessed improvement
$149,444
Land market value
$559,390
Improvement market value
$373,610
Total market value
$933,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Heating
NONE
Total area
6,588 SF
Lot
0.76 ac (33,279 SF)
Zoning code
OI
APN
17084700090
UPID
US22-1655281
Jurisdiction
COBB
Zoning & alternative use
OI · Smyrna, GAZoning OI · permitted uses
OI · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent in establishing the OI district is to encourage the development of and provide areas suitable for offices of various types, public and private community uses and certain related activities.
Zone name
Office Industrial District
General category
INDUSTRIAL
Zone area
215.71 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1983
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Menaber Family Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4153 FLT SHLS PKWYC, DECATUR, GA 30034-4106
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2021
—
Menaber Family Properties LLC
Frederick Cannon Nienaber
Warranty Deed
—
Dec 2, 2020
—
Nienaber,f C Living Trust
Frederick C Nienaber
Quit Claim Deed
related
—
Oct 28, 2020
—
Fred C Nienaber
Nienaber Fred C Living Trust
Quit Claim Deed
related
—
Apr 29, 2015
—
Nienaber,fred C Living Trust
Nienaber,fred C
Quit Claim Deed
related
—
Jan 31, 2008
—
Fred C Nienaber
Henderson Props LLC
Quit Claim Deed
—
Jan 31, 2008
$925,000
Fred C Nienaber
Henderson Props LLC
Grant Deed
—
Jan 24, 2008
$925,000
Fred C Nienaber
Henderson Properties LLC
Grant Deed
—
Jan 24, 2008
—
Fred C Nienaber
Henderson Properties LLC
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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