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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
2858 Franklin St, Avondale Estates, GA 30002-1029
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
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
Implied cap rate, NOI & suggested price
Cap 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
$545k
Owner & transaction history
Wt Mann LLC · 17 yrs held
Wt Mann LLC
since 2008
Last sale
$545,500
2 recorded transactions
Zoning & alternative use
M · Avondale Estates, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$890,000
+46.0%
Auto repair, garage
$760,000
+24.4%
Neighborhood: shopping center
$665,000
+8.7%
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 Avondale Estates submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale Estates 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
$580,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
RETAIL STORES
$890,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$760,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$495,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $546k (Oct 30 2020)
Last sale anchor
$546k
Oct 30 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
$155 / 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
$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
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
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
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, GA
Zoning M · permitted uses
M · Avondale Estates, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale Estates. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$610,000
RETAIL STORES
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
MEDICAL BUILDING
Est. value
$660,000
WAREHOUSE, STORAGE
Est. value
$495,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1965
Heating
NONE
Stories
1
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Wt Mann LLC
Entity
Free & Clear · 17 yrs held
Mailing address
641 WILLIVEE DR, DECATUR, GA 30033-5408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Nov 10, 2020
—
2858 Franklin LLC
—
Deed
related
$612,000 · Ameris Bank
Oct 14, 2008
—
Wt Mann LLC
Mann,william T
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.
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