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Property profile & analytics
OFF-MARKET
Estimated value
$8,545,000
Retail space
2781 Lavista Rd Decatur, GA 30033-1713
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0924391
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD FRAME
Total area
14,454 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C1
APN
18 149 03 004
UPID
US22-0924391
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
-
FedEx OnSite Postal Service Courier Service
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$8.55M
Owner & transaction history
Pond Splash I LLC · 4 yrs held
Pond Splash I LLC
since 2021
Last sale
$8.6M
6 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home Page | Decatur GA
Top alternative use upside
Industrial (general)
$13.6M
+302.6%
Restaurant
$6.9M
+104.9%
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
$8,705,000
ML approach
$8,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,560,000
Change: +303% · Conversion: Difficult
RESTAURANT
$6,900,000
Change: +105% · Conversion: Easy
Blend value · Realmo final
$8.55M
Range $7.69M – $9.40M · ±10% · vs last sale $8.56M (Aug 16 2021)
Last sale anchor
$8.56M
Aug 16 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
$591 / 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
$61,907
Tax year 2024
Assessed value
$2,459,040
Assessed 2024
Previous assessed
$2,459,040
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$250,459
Assessed improvement
$2,208,581
Land market value
$626,147
Improvement market value
$5,521,453
Total market value
$6,147,600
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
14,454 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C1
APN
18 149 03 004
UPID
US22-0924391
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GAZoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$13.6M
RESTAURANT
Est. value
$6.9M
INDUSTRIAL (GENERAL)
RESTAURANT
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
2003
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Pond Splash I LLC
Entity
Mailing address
633 W 5TH ST STE #3200, LOS ANGELES, CA 90071-2083
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$8,560,000
Pond Splash I LLC
Cardinal Green Investments LLC
Warranty Deed
$3,560,000 · Lmf Commercial
May 27, 2021
$6,521,384
Cardinal Green Investments LLC
Dwag Decatur LLC
Warranty Deed
$5,577,550 · The Northern Trust
Sep 12, 2016
—
Dwag Decatur LLC
—
Deed
related
$5,200,000 · United Cmnty Bk
Oct 12, 2007
$7,025,000
Dwag Decatur LLC
Mhb Associates II LLC
Grant Deed
—
Sep 29, 2006
$5,223,215
Mhb Associates II LLC
Lavista,oak Grove Assciate
Grant Deed
—
—
—
Dwag Decatur LLC
—
Deed Of Trust
related
$5,200,000 · United Cmnty Bk
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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