New search
Property profile & analytics
OFF-MARKET
Estimated value
$33,340,000
Office buildings
3585 Atlanta Ave Hapeville, GA 30354-1705
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1764232
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1987
Total area
181,806 SF
Lot
15.63 ac (680,843 SF)
Zoning code
CR
APN
14 0098 LL0278
UPID
US22-1764232
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
by Request
CAP Approach
CAP
$39.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.34M
Owner & transaction history
Ecp I-3343 Atlanta Ops C Nfr · 13 yrs held
Ecp I-3343 Atlanta Ops C Nfr
since 2013
4 recorded transactions
Zoning & alternative use
CR · Hapeville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$51.1M
+20.1%
Neighborhood: shopping center
$49.5M
+16.3%
Medical building
$49.4M
+16.1%
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 Hapeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hapeville 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%
$43,280,000
6.5%
$39,950,000
7%
$37,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,565,000
Current use
COMMERCIAL (GENERAL)
$51,100,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$49,480,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$49,430,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$46,165,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$40,775,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$33.34M
Range $30.01M – $36.67M · ±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
$183 / 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
$566,834
Tax year 2023
Assessed value
$17,059,960
Assessed 2023
Previous assessed
$17,059,960
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$1,770,200
Assessed improvement
$15,289,760
Land market value
$4,425,500
Improvement market value
$38,224,400
Total market value
$42,649,900
Applied tax rate
30.0000
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
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
181,806 SF
Lot
15.63 ac (680,843 SF)
Zoning code
CR
APN
14 0098 LL0278
UPID
US22-1764232
Jurisdiction
FULTON
Zoning & alternative use
CR · Hapeville, GA
Zoning CR · permitted uses
CR · Hapeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hapeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$42.6M
COMMERCIAL (GENERAL)
Est. value
$51.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.5M
MEDICAL BUILDING
Est. value
$49.4M
AUTO REPAIR, GARAGE
Est. value
$46.2M
RETAIL STORES
Est. value
$40.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
15.63 ac
Current owner
From public records · entity-resolved
Ecp I-3343 Atlanta Ops C Nfr
Individual
Mailing address
18851 NE 29TH AVE STE #303, MIAMI, FL 33180-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2013
$6,532,700
Ecp I-3343 Atlanta Ops C Nfr
First States Invtrs 3300 B LP
Grant Deed
—
Mar 26, 2013
—
Ecp I-3343 Atlanta Ops C Nfr
—
Loan Modification
related
$183,500,000 · Pb Capital Corp
Mar 25, 2008
$29,583,224
States Investors 3300b L First
First,states Investors 330
Grant Deed
related
—
—
—
States Investors 3300 B First
—
Deed Of Trust
related
$25,000 · Pb Capital Corp
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 3585 Atlanta Ave?
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.
