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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Outlet malls
2609 Old Covington SW Hwy Conyers, GA 30012-6462
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1741369
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Construction
WOOD
Total area
3,050 SF
Lot
2.12 ac (92,347 SF)
Zoning code
M1/C
APN
020-0-01-023F
UPID
US22-1741369
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
-
SecurCare Self Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$585k
Owner & transaction history
Nsa110vjvpo LLC · 2 yrs held
Nsa110vjvpo LLC
since 2024
5 recorded transactions
Zoning & alternative use
M1/C · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$560,000
+15.3%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$485,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$485,000
Current use
MEDICAL BUILDING
$560,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$440,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$192 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$49,803
Tax year 2023
Assessed value
$1,209,000
Assessed 2023
Previous assessed
$1,209,000
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$21,680
Assessed improvement
$1,187,320
Land market value
$54,200
Improvement market value
$2,968,300
Total market value
$3,022,500
Applied tax rate
1.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
ELECTRIC
Cooling
EVAPORATIVE
Buildings
4
Stories
1
Bathrooms
0
Total area
3,050 SF
Lot
2.12 ac (92,347 SF)
Zoning code
M1/C
APN
020-0-01-023F
UPID
US22-1741369
Jurisdiction
ROCKDALE
Zoning & alternative use
M1/C · Conyers, GA
Zoning M1/C · permitted uses
M1/C · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$560,000
OFFICE BUILDING
Est. value
$440,000
RETAIL STORES Current
MEDICAL BUILDING
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
1996
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
0
Lot
2.12 ac
Current owner
From public records · entity-resolved
Nsa110vjvpo LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2609 OLD COVINGTON HWY SW, CONYERS, GA 30012-6462
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Nsa110vjvpo LLC
Nsa Property Holdings LLC
Warranty Deed
—
Oct 21, 2021
$3,536,292
Nsa Property Holdings LLC
Self Storage Portfolio I Exchange L
Warranty Deed
—
Feb 2, 2016
—
Self-storage Portfolio I Excha
Pak-it-inn Self Storage INC
Quit Claim Deed
related
—
Feb 2, 2016
$2,113,600
Self-storage Portfolio I Excha
Pak-it-inn Self Storage INC
Grant Deed
related
$5,115,000 · Bank Of The Ozarks
Oct 22, 2015
—
Park-it-inn Self Storage INC
Twin Oaks Investments INC
Warranty 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
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