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Property profile & analytics
OFF-MARKET
Estimated value
$13,645,000
Investment properties
2960 Flowers S Rd Atlanta, GA 30341-5512
Entity Owned
Absentee Owner
Free & Clear
Property ID
US22-2393971
Property summary
AI-generated overview
This exceptional retail property, located at 2960 Flowers Rd S in Atlanta, Georgia (30341), offers 13,302 square feet of space currently available for lease. The property is part of a vibrant mixed-use development, featuring 124 student lofts, strategically positioned on Mercer University's Atlanta Campus, just off Chamblee Tucker Road, conveniently situated inside the Atlanta Perimeter at the intersection of I-85 and I-285. Two spaces are available, ranging from 1,582 to 2,593 square feet, presenting a unique opportunity for businesses seeking high visibility and foot traffic. One space includes a grease trap, ideal for a restaurant with patio potential. The location benefits from proximity to significant commercial anchors, including the FBI - Atlanta Division offices (151,066 square feet) and the District at Chamblee Office Park (240,966 square feet). This development serves the thriving communities of Embry Hills, Henderson Mill, and Chamblee, ensuring a strong customer base. The property is situated in Dekalb County and presents a compelling investment opportunity in a rapidly growing area. Contact us today to learn more about this prime retail space.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2021
Total area
77,048 SF
Zoning code
OI
APN
18 266 01 011
UPID
US22-2393971
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
-
Mercer Village Community Center
-
Crazy King Burrito Restaurant
-
Mercer University Bookstore - Atlanta Campus (Bike/Boat/Book/etc) Store
-
Illuminate Yoga + Natural Solutions Gym & Fitness Center
-
Z Beans Coffee - Atlanta Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.40M
Comparable Approach
Comparable
$15.82M
Blend (final)
Blend
$13.65M
Owner & transaction history
CORPORATION MERCER
CORPORATION MERCER
Zoning & alternative use
OI · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$21.0M
+21.8%
Medical building
$21.0M
+21.6%
Auto repair, garage
$19.6M
+13.6%
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%
$15,600,000
6.5%
$14,400,000
7%
$13,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,220,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,970,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$20,950,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,565,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$17,280,000
Change: +0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$17,175,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$13.65M
Range $12.28M – $15.01M · ±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
$177 / 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
$330,124
Tax year 2024
Assessed value
$3,779,232
Assessed 2024
Previous assessed
$3,779,232
+0.0% YoY
Effective rate
8.74%
On assessed value
Assessed improvement
$3,779,232
Improvement market value
$9,448,080
Total market value
$9,448,080
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2021
Units
56
Total area
77,048 SF
Zoning code
OI
APN
18 266 01 011
UPID
US22-2393971
Jurisdiction
DE KALB
Zoning & alternative use
OI · Atlanta, GA
Zoning OI · permitted uses
OI · 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
COMMERCIAL (GENERAL) Current
Est. value
$17.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$21.0M
AUTO REPAIR, GARAGE
Est. value
$19.6M
RETAIL STORES
Est. value
$17.3M
INDUSTRIAL (GENERAL)
Est. value
$17.2M
COMMERCIAL (GENERAL) 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
2021
Units
56
Current owner
From public records · entity-resolved
CORPORATION MERCER
Individual
Free & Clear · 0 yrs held
Mailing address
1500 MERCER UNIVERSITY DR, MACON, GA 31207-1600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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