Individually Owned Property summary
AI-generated overview
This exceptional retail opportunity is located at 2641 E College Ave in Decatur, Georgia, within Dekalb County (zip code 30030). The property, built in 2022, boasts a total of 25,000 square feet across six stories, currently featuring one suite. A significant portion of the space, totaling 4,471 square feet, is currently vacant and available for lease. The building offers multiple tenancy options, making it suitable for a variety of retail or restaurant concepts. The available space ranges from approximately 2,666 to 4,471 square feet, providing flexibility for businesses of different sizes. This development is strategically positioned as a MARTA Transit Oriented Development, offering convenient access to public transportation. Its design is inspired by the charm of Decatur Square, creating a desirable and attractive environment for businesses and customers alike. Furthermore, the property benefits from its proximity to the Atlanta Regional PATH bike-walking trail, enhancing its accessibility and appeal. The location is also highly walkable from the affluent Winnona Park neighborhood, ensuring a strong potential customer base. This property presents a unique chance to establish a thriving business in a vibrant and well-connected community.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Total area
193,722 SF
Lot
0.51 ac (22,128 SF)
Zoning code
RM75
APN
15 247 03 019
UPID
US22-4038926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Spa & Massage Center
-
Parking Lot & Garage
-
Financial Advisor
-
Apartment Complex Apartment Building
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.06M
Owner & transaction history
Zoning & alternative use
RM75 · Decatur, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$29.06M
Value range
$26.15M – $31.96M
±10% around blend
Estimated value / SF
$150 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$26.15M
blend $29.06M
$31.96M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
193,722 SF
Lot area
0.51 ac
Year built
2017
APN
15 247 03 019
Zoning
RM75
Assessed value
$39,983,840
Annual tax
$306,746
3
Income approach: direct capitalization
Partial preview
Income approach indication
$36.21M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$39.23M
@ 6.5% CAP return
$36.21M
@ 7% CAP return
$33.63M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$29.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$711
-79%
Submarket 111 sales
$262
-43%
County 402 sales
$325
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $150/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$39.98M
Move the market yield to see immediate price impact.
Value / SF
$206
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.52M
$50.38M
$35.99M
$27.99M
$2.80M
$55.98M
$39.98M
$31.10M
$3.08M
$61.58M
$43.98M
$34.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$306,746
Tax year 2024
Assessed value
$39,983,840
Assessed 2024
Previous assessed
$29,200,000
+36.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$325,120
Assessed improvement
$39,658,720
Land market value
$812,800
Improvement market value
$99,146,800
Total market value
$99,959,600
Applied tax rate
92.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
2
Units
378
Total area
193,722 SF
Lot
0.51 ac (22,128 SF)
Zoning code
RM75
APN
15 247 03 019
UPID
US22-4038926
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Decatur, GAZoning RM75 · permitted uses
RM75 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Buildings
2
Units
378
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RM75
Jurisdiction
Decatur, GA
Recorded code
RM75
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RM75 in Decatur, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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