Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Grocery and convenience stores
3480 Memorial Dr Decatur, GA 30032-2708
Entity Owned
17-yr Hold
Free & Clear
Property ID
US22-3892760
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Total area
16,296 SF
Lot
2.04 ac (88,906 SF)
Zoning code
X
APN
15 200 01 001
UPID
US22-3892760
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
-
ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.53M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$3.72M
Owner & transaction history
Mcmemorial Lancd LLC · 17 yrs held
Mcmemorial Lancd LLC
since 2009
3 recorded transactions
Zoning & alternative use
X · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+57.6%
Office building
$4.1M
+51.3%
Commercial (general)
$3.9M
+43.5%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$3,820,000
6.5%
$3,525,000
7%
$3,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,730,000
Current use
AUTO REPAIR, GARAGE
$4,300,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$4,130,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,920,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$3,775,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±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
$228 / 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
$53,259
Tax year 2024
Assessed value
$1,140,000
Assessed 2024
Previous assessed
$1,140,000
+0.0% YoY
Effective rate
4.67%
On assessed value
Assessed land
$239,852
Assessed improvement
$900,148
Land market value
$599,631
Improvement market value
$2,250,369
Total market value
$2,850,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
YES
Stories
1
Total area
16,296 SF
Lot
2.04 ac (88,906 SF)
Zoning code
X
APN
15 200 01 001
UPID
US22-3892760
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GA
Zoning X · permitted uses
X · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Mcmemorial Lancd LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2009
—
Mcmemorial Lancd LLC
Mcland One LLC
Grant Deed
related
—
May 18, 2006
—
Georgia Department Of Transpor
Aidi INC
Grant Deed
related
—
Mar 20, 2006
$1,775,000
Aldi INC
Santoshi INC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3480 Memorial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
