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Property profile & analytics
OFF-MARKET
Estimated value
$11,045,000
Strip malls
2840 Lavista Rd Decatur, GA 30033-1349
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1222708
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
WOOD FRAME
Total area
46,950 SF
Lot
0.03 ac (1,224 SF)
Zoning code
C1
APN
18 148 01 053
UPID
US22-1222708
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
-
Zachary P. Cohen, MD Pediatrician Physician
-
Katie Humphries, D.O. Pediatrician Physician
-
Oak Grove Family Medicine Medical Clinic
-
Emory at Oak Grove Primary Care Medical Clinic
-
Scott J. Ramshur, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.76M
CAP Approach
CAP
$11.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.05M
Owner & transaction history
Rockmor Plaza LLC · 3 yrs held
Rockmor Plaza LLC
since 2023
Last sale
$10.8M
1 recorded transaction
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.4M
+131.6%
Commercial (general)
$12.3M
+130.1%
Office building
$11.9M
+122.3%
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
$11,070,000
ML approach
$8,760,000
CAP Approach
CAP Return
Estimation
6%
$12,575,000
6.5%
$11,610,000
7%
$10,780,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$12,395,000
Change: +132% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,315,000
Change: +130% · Conversion: Easy
OFFICE BUILDING
$11,900,000
Change: +122% · Conversion: Moderate
RETAIL STORES
$10,940,000
Change: +104% · Conversion: Easy
Blend value · Realmo final
$11.05M
Range $9.94M – $12.15M · ±10% · vs last sale $10.75M (May 31 2023)
Last sale anchor
$10.75M
May 31 2023
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
$235 / 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
$103,186
Tax year 2024
Assessed value
$2,320,000
Assessed 2024
Previous assessed
$2,509,040
-7.5% YoY
Effective rate
4.45%
On assessed value
Assessed improvement
$2,320,000
Improvement market value
$5,800,000
Total market value
$5,800,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
46,950 SF
Lot
0.03 ac (1,224 SF)
Zoning code
C1
APN
18 148 01 053
UPID
US22-1222708
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GA
Zoning C1 · permitted uses
C1 · 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
AUTO REPAIR, GARAGE
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$12.3M
OFFICE BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$10.9M
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
1962
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Rockmor Plaza LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5025 WINTERS CHAPEL RD W, ATLANTA, GA 30360-1700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 31, 2023
$10,750,000
Rockmor Plaza LLC
Stafford Vista II LLC
Warranty Deed
—
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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