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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
283 Joseph E Lowery NW Blvd Atlanta, GA 30314-3338
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0204325
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Construction
WOOD
Total area
5,898 SF
Lot
0.26 ac (11,543 SF)
Zoning code
C1C
APN
14 011000010833
UPID
US22-0204325
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.17M
Owner & transaction history
Quest Community Complex I LLC · 9 yrs held
Quest Community Complex I LLC
since 2017
6 recorded transactions
Zoning & alternative use
C1C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+16.3%
Medical building
$1.6M
+16.1%
Auto repair, garage
$1.5M
+8.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$1,605,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,500,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,315,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
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
$198 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$496,760
Assessed 2023
Previous assessed
$496,760
+0.0% YoY
Assessed land
$64,640
Assessed improvement
$432,120
Land market value
$161,600
Improvement market value
$1,080,300
Total market value
$1,241,900
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
5,898 SF
Lot
0.26 ac (11,543 SF)
Zoning code
C1C
APN
14 011000010833
UPID
US22-0204325
Jurisdiction
FULTON
Zoning & alternative use
C1C · Atlanta, GA
Zoning C1C · permitted uses
C1C · 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
OFFICE BUILDING Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Quest Community Complex I LLC
Entity
Mailing address
868 ROCK ST NW, ATLANTA, GA 30314-3310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 27, 2017
—
Quest Community Complex I LLC
Quest Cmnty Dev Organization I
Quit Claim Deed
related
$1,950,000 · Pnc Bk
Jun 17, 2016
—
Quest Community Complex I LLC
Quest Cmnty Dev Organization I
Quit Claim Deed
related
—
Mar 20, 2015
$100,000
Quest Cmnty Dev Organization I
Regan,jeffrey D
Grant Deed
$50,000 · Jeffrey D Regan
Aug 7, 2012
$45,000
Jeffrey D Regan
Jimerson,lois A
Warranty Deed
—
Jan 3, 2011
—
Lois A Jimerson
Brown,mary E
Grant Deed
—
Dec 13, 2010
—
Mary E Brown
Brown,louis C
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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