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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
2726 Lawrenceville Hwy Decatur, GA 30033-2512
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1559625
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
WOOD FRAME
Total area
1,636 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OI
APN
18 145 08 013
UPID
US22-1559625
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
-
Mr. Joel Alexander Physician
-
Gregory S Shurman, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$557k
Blend (final)
Blend
$560k
Owner & transaction history
Nvre 22 LLC · 3 yrs held
Nvre 22 LLC
since 2022
Last sale
$595,000
4 recorded transactions
Zoning & alternative use
OI · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$430,000
+13.9%
Commercial (general)
$430,000
+13.2%
Office building
$415,000
+9.4%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$490,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$380,000
Current use
AUTO REPAIR, GARAGE
$430,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$415,000
Change: +9% · Conversion: Easy
RETAIL STORES
$380,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $595k (Dec 29 2022)
Last sale anchor
$595k
Dec 29 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
$342 / 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
$10,061
Tax year 2024
Assessed value
$222,360
Assessed 2024
Previous assessed
$222,360
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$173,441
Assessed improvement
$48,919
Land market value
$433,602
Improvement market value
$122,298
Total market value
$555,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Rooms
5
Total area
1,636 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OI
APN
18 145 08 013
UPID
US22-1559625
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GA
Zoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
Est. value
$415,000
RETAIL STORES
Est. value
$380,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
Nvre 22 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$595,000
Nvre 22 LLC
Gregory S Shurman LLC
Warranty Deed
—
May 13, 2019
$245,000
Gregory S Shurman LLC
Alexander,joel J
Grant Deed
—
May 13, 2019
—
Gregory S Shurman LLC
Alexander,joel J
Quit Claim Deed
related
—
Feb 28, 2006
—
Georgia Department Of Transpor
Alexander,joel J
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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