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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
3198 Washington Rd East Point, GA 30344-5436
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4738863
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
WOOD
Total area
4,368 SF
Lot
0.41 ac (17,990 SF)
Zoning code
C1
APN
14 019000030925
UPID
US22-4738863
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$610k
Owner & transaction history
Lm Van LLC · 2 yrs held
Lm Van LLC
since 2023
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
C1 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$630,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$725,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
WAREHOUSE, STORAGE
$630,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $625k (Aug 31 2023)
Last sale anchor
$625k
Aug 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
$140 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,103
Tax year 2023
Assessed value
$145,360
Assessed 2023
Previous assessed
$145,360
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$95,480
Assessed improvement
$49,880
Land market value
$238,700
Improvement market value
$124,700
Total market value
$363,400
Applied tax rate
20.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
4,368 SF
Lot
0.41 ac (17,990 SF)
Zoning code
C1
APN
14 019000030925
UPID
US22-4738863
Jurisdiction
FULTON
Zoning & alternative use
C1 · East Point, GA
Zoning C1 · permitted uses
C1 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$630,000
RETAIL STORES Current
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
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lm Van LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3198 WASHINGTON RD, ATLANTA, GA 30344-5436
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$625,000
Lm Van LLC
Epw Holdings LLC
Warranty Deed
—
Jun 21, 2021
$370,000
Epw Holdings LLC
3198 Washington Road LLC
Warranty Deed
$311,702 · Community Bank Of Pickens County
Sep 24, 2014
—
3198 Washington Road LLC
Sugg,john B & Elaine H
Quit Claim Deed
related
—
Feb 21, 2007
$675,000
Lillian A Young
Hollinshead Properties INC
Deed
$354,500 · Lib Prop Ltd
—
—
John B Sugg
—
Loan Modification
related
$198,893 · Branch Banking & Trust Co
—
—
Hollinshead Properties INC
—
Deed Of Trust
related
$182,500 · Bryn Mawr Tr
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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