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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Hotels
2855 Spg SE Rd Atlanta, GA 30339
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1173143
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
66,599 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OI
APN
17088000170
UPID
US22-1173143
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
$8.80M
CAP Approach
CAP
$6.17M
Comparable Approach
Comparable
$9.48M
Blend (final)
Blend
$8.80M
Owner & transaction history
Synovus Bank · 1 yrs held
Synovus Bank
since 2024
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
OI · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,800,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
$6,680,000
6.5%
$6,165,000
7%
$5,725,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,530,000
Current use
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $8.80M (Dec 17 2024)
Last sale anchor
$8.80M
Dec 17 2024
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
$132 / 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
$52,664
Tax year 2024
Assessed value
$1,939,040
Assessed 2024
Previous assessed
$1,939,040
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,359,592
Assessed improvement
$579,448
Land market value
$3,398,980
Improvement market value
$1,448,620
Total market value
$4,847,600
Applied tax rate
6.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1985
Heating
NONE
Units
139
Total area
66,599 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OI
APN
17088000170
UPID
US22-1173143
Jurisdiction
COBB
Zoning & alternative use
OI · Atlanta, GAZoning OI · permitted uses
OI · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.5M
HOTEL/MOTEL Current
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
1985
Heating
NONE
Units
139
Lot
1.89 ac
Current owner
From public records · entity-resolved
Synovus Bank
Entity
Mailing address
2875 SPG HL PKWY SE, SMYRNA, GA 30080-3002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
$8,800,000
Synovus Bank
Mogar Farms Funding LLC
Deed
—
Mar 31, 2020
—
Mogar Farms Funding LLC
—
Deed
related
$10,250,000 · Truist Bk
Nov 19, 2010
$7,916,443
Mogar Farms Funding LLC
Classic Hospitality INC
Trustees Deed
related
$2,275,000 · Georgia Primary Bank
Aug 29, 2006
$117,400
Mitra N Baker
Classic Hospitality INC
Grant Deed
—
—
—
Classic,hospitality INC
—
Deed Of Trust
related
$150,000 · K K Vijai
—
—
Mogar Farms Funding LLC
—
Loan Modification
related
$10,250,000 · Truist Bk
—
—
Suites At New Orleans LLC
—
Loan Modification
related
$5,265,000 · Whitney National Bank
—
—
Classic Hospitality INC
—
Deed Of Trust
related
$500,000 · K K Vijai
—
—
Classic Hospitality INC
—
Deed Of Trust
related
$500,000 · K K Vijai
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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