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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
2721 Cobb SE Dr, Smyrna, GA 30080-3240
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1255645
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
1,709 SF
Lot
0.5 ac (21,692 SF)
Zoning code
GC
APN
17037700450
UPID
US22-1255645
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
-
Alam Alberto MD Physician
-
Alam Medical Clinic Medical Clinic
-
Alam Medical center Medical Clinic
-
Grupo Medico Smyrna (Grupo Immediate Care) Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$535k
Owner & transaction history
M&l Real Estate LLC · 4 yrs held
M&l Real Estate LLC
since 2021
Last sale
$530,000
1 recorded transaction
Zoning & alternative use
GC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$640,000
+52.8%
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
$555,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$380,000
7%
$355,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$420,000
Current use
WAREHOUSE, STORAGE
$640,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$395,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$340,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $530k (Sep 27 2021)
Last sale anchor
$530k
Sep 27 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
$313 / 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
$5,967
Tax year 2024
Assessed value
$219,700
Assessed 2024
Previous assessed
$219,700
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$158,100
Assessed improvement
$61,600
Land market value
$395,250
Improvement market value
$154,000
Total market value
$549,250
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Total area
1,709 SF
Lot
0.5 ac (21,692 SF)
Zoning code
GC
APN
17037700450
UPID
US22-1255645
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
MEDICAL BUILDING Current
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$640,000
RETAIL STORES
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$340,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
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
1978
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
M&l Real Estate LLC
Entity
Mailing address
4225 S LEE STB, BUFORD, GA 30518-3658
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
$530,000
M&l Real Estate LLC
Alberto R Alam Gonzalez
Limited Warranty Deed
$504,000 · Alberto R Alam Gonzalez Etal
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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