2858 Franklin St Avondale Estates, GA 30002-1029
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$580k
Range $522k – $638k (±10%)
Implied cap rate
8.70%
In-place · NOI ÷ last sale
Property ID
US22-1523666
Property summary
AI-generated overview
This exceptional 1,400 square foot office space, located at 2858 Franklin Street in Avondale Estates, Georgia (30002), offers a unique opportunity for a single tenant. Situated on the top floor of a two-story, 6,168 square foot Class B building constructed in 1965 and renovated in 2020, this property boasts three private offices, a spacious reception area, and ample natural light. The space includes an owner's suite with a full bathroom and two additional sizable offices, perfect for a team or departmental separation. While the building does not offer elevators or on-site parking, ample street parking is readily available. The property sits on 0.2 acres and is zoned for M Industrial District. Its prime location in Avondale Estates provides easy access to a vibrant business community, including breweries, live music venues, and restaurants. This meticulously designed space offers comfort, convenience, and undeniable charm, making it an ideal workspace for a variety of businesses. The property is a single-tenant occupancy within a building with no elevators.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
3,518 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M
APN
15 248 24 009
UPID
US22-1523666
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
since 2008
Last sale
$545,500
2 recorded transactions
Zoning & alternative use
M · Avondale Estates, GA
Top alternative use upside
Retail stores
$890,000
+46.0%
Auto repair, garage
$760,000
+24.4%
Neighborhood: shopping center
$665,000
+8.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$580k
Value range
$522k – $638k
±10% around blend
Estimated value / SF
$165 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$522k
blend $580k
$638k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,518 SF
Lot area
0.22 ac
Year built
1965
Stories
1
APN
15 248 24 009
Assessed value
$416,000
Annual tax
$19,179
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$707k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.4 mi away · 4,200 SF
5.5 mi away · 3,198 SF
10.5 mi away · 3,268 SF
11.6 mi away · 3,007 SF
14.7 mi away · 2,882 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$580k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 288 sales
$173
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $165/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+46%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Medical Building
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
8.70%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.70%
9.0%
NOI (est.)
$38k *
Last sale · Oct 2020
$546k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$439k
Move the market yield to see immediate price impact.
Value / SF
$125
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.20%8.70%9.20%
$34k
$419k
$395k
$374k
$38k
$466k
$439k
$415k
$42k
$512k
$483k
$457k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$780k
3.1 mi · Jan 2026 · $227/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,179
Tax year 2024
Assessed value
$416,000
Assessed 2024
Previous assessed
$469,240
-11.3% YoY
Effective rate
4.61%
On assessed value
Assessed land
$24,960
Assessed improvement
$391,040
Land market value
$62,400
Improvement market value
$977,600
Total market value
$1,040,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
2
Stories
1
Total area
3,518 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M
APN
15 248 24 009
UPID
US22-1523666
Jurisdiction
DE KALB
Zoning & alternative use
M · Avondale Estates, GAZoning M · permitted uses
M · Avondale Estates, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Buildings
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M
Jurisdiction
Avondale Estates, GA
Recorded code
M
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M in Avondale Estates, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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