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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Investment properties
2803 Shallowford NE Rd Atlanta, GA 30341-5216
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1672848
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1961
Construction
WOOD FRAME
Total area
2,402 SF
Lot
1.3 ac (56,628 SF)
Zoning code
OI
APN
18 246 01 006
UPID
US22-1672848
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
-
Wakeman Chiropractic & Healing Center | Dr. Hans Wakeman Alternative Medicine Practice
-
Hansel Douglas Wakeman Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$600k
Owner & transaction history
Wakeman Management LLC · 6 yrs held
Wakeman Management LLC
since 2020
Last sale
$640,000
2 recorded transactions
Zoning & alternative use
OI · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$655,000
+21.8%
Medical building
$655,000
+21.6%
Auto repair, garage
$610,000
+13.6%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$645,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +0% · Conversion: Easy
WAREHOUSE, STORAGE
$440,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $640k (Jan 13 2020)
Last sale anchor
$640k
Jan 13 2020
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
$250 / 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
$9,419
Tax year 2024
Assessed value
$217,200
Assessed 2024
Previous assessed
$217,200
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$186,463
Assessed improvement
$30,737
Land market value
$466,158
Improvement market value
$76,842
Total market value
$543,000
Applied tax rate
24.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
2,402 SF
Lot
1.3 ac (56,628 SF)
Zoning code
OI
APN
18 246 01 006
UPID
US22-1672848
Jurisdiction
DE KALB
Zoning & alternative use
OI · Atlanta, GA
Zoning OI · permitted uses
OI · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
MEDICAL BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$440,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
Lot
1.3 ac
Current owner
From public records · entity-resolved
Wakeman Management LLC
Entity
Mailing address
4119 BRIARGLADE WAY, ATLANTA, GA 30340-5113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2020
$640,000
Wakeman Management LLC
Patricia D White
Grant Deed
$263,600 · Truist Bk
Jan 9, 2020
$640,000
Wakeman Management LLC
Patricia D White
Warranty Deed
$329,500 · Truist Bank
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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