Back to Search
Property profile & analytics
FOR LEASE
Office buildings
270 Riverside Pkwy Austell, GA 30168
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4614861
For Lease
1 / 2
$7.50 SF/Yr
270 Riverside Pkwy, Austell, GA 30168
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
69,498 SF
Lot
8.44 ac (367,701 SF)
Zoning code
HI
APN
18068900060
UPID
US22-4614861
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
-
Lottery Services of Georgia Corporate Office
-
Trivantage Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$9.66M
Owner & transaction history
Wgs Riverside LLC · 4 yrs held
Wgs Riverside LLC
since 2022
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
HI · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.9M
+31.0%
Auto repair, garage
$13.8M
+22.0%
Neighborhood: shopping center
$13.6M
+20.1%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$10,545,000
ML approach
$9,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,340,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,855,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,830,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,615,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$9.66M
Range $8.69M – $10.62M · ±10% · vs last sale $10.00M (Feb 2 2022)
Last sale anchor
$10.00M
Feb 2 2022
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
$139 / 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
$79,414
Tax year 2024
Assessed value
$2,360,000
Assessed 2024
Previous assessed
$2,496,840
-5.5% YoY
Effective rate
3.36%
On assessed value
Assessed land
$515,452
Assessed improvement
$1,844,548
Land market value
$1,288,630
Improvement market value
$4,611,370
Total market value
$5,900,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
NONE
Total area
69,498 SF
Lot
8.44 ac (367,701 SF)
Zoning code
HI
APN
18068900060
UPID
US22-4614861
Jurisdiction
COBB
Zoning & alternative use
HI · Austell, GA
Zoning HI · permitted uses
HI · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$13.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
NONE
Lot
8.44 ac
Current owner
From public records · entity-resolved
Wgs Riverside LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 BEACON ST #2800, BOSTON, MA 02108-3107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 2, 2022
—
Wgs Riverside LLC
American Equity Investment Life Ins
Quit Claim Deed
related
—
Jan 21, 2022
—
Civf Vi Paiw01 LLC
—
Deed
related
$13,390,000 · Great West Life & Annuity Insurance Co
Oct 15, 2021
$10,000,000
Civf Vt Ga LLC
Wgs Riverside LLC
Limited Warranty Deed
—
Dec 4, 2017
—
Wgs Riverside LLC
Mre-tp1 LLC
Quit Claim Deed
related
—
Dec 4, 2017
$2,155,900
Wgs Riverside LLC
Mre-tp1 LLC
Grant Deed
—
May 5, 2006
$5,650,000
Mre Trl LLC
Primprop LLC
Grant Deed
—
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?”
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.
