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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Medical Office Space
3616 Steve Reynolds Blvd, Duluth, GA 30096-5529
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0740390
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
4,864 SF
Lot
2 ac (87,120 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-208 -057
UPID
US22-0740390
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
-
Pulmonary Diagnostic Testing Physician
-
Permanent Makeup Clinic Medical Clinic Skin Care Clinic
-
Dr. Rohit M Desai Pediatrician Physician
-
Prillerman & Associates Tax Preparation
-
Stone Mountain Family Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$895k
Owner & transaction history
Tencent Dev LLC · 6 yrs held
Tencent Dev LLC
since 2020
7 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$705,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,315,000
Change: -16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$184 / 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
$12,962
Tax year 2023
Assessed value
$280,320
Assessed 2023
Previous assessed
$280,320
+0.0% YoY
Effective rate
4.62%
On assessed value
Assessed land
$183,040
Assessed improvement
$97,280
Land market value
$457,600
Improvement market value
$243,200
Total market value
$700,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
YES
Cooling
NONE
Stories
1
Total area
4,864 SF
Lot
2 ac (87,120 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-208 -057
UPID
US22-0740390
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Duluth, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Duluth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Heating
YES
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Tencent Dev LLC
Entity
Mailing address
2325 PLEASANT HL RD, DULUTH, GA 30096-1753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Tencent Development INC
—
Deed
related
$7,406,000 · Bank Ozk
Dec 21, 2023
—
Tencent Development INC
—
Deed
related
$916,410 · Coastal States Bank
Jan 21, 2020
$1,500,000
Tencent Dev LLC
Somnath Rosey LLC
Grant Deed
$1,100,000 · Coastal States Bk
Nov 2, 2018
—
Somnath Rosey LLC
—
Deed
related
$1,121,250 · Zions First Nat'l Bk
Aug 4, 2009
$800,000
Somnath Rosey LLC
Buckhead Community Bank
Grant Deed
$800,000 · Georgia Commerce Bank
Jul 31, 2009
$800,000
Somnath Rosey LLC
The Buckhead Community Ban
Grant Deed
$800,000 · Georgia Commerce Bank
May 11, 2009
$1,400,000
Buckhead Cmnty Bk
Cornerstone Mtg & Finance INC
Trustees Deed
related
—
Jun 26, 2006
$1,850,000
Cornerstone Mortgage & Finance I
Suntrust Bk
Grant Deed
$1,706,700 · Buckhead Community Bank
Jun 15, 2006
$1,850,000
Cornestone Mtg Finance INC
Suntrust Bank
Grant Deed
related
—
—
—
Somnath Rosey LLC
—
Deed Of Trust
related
$1,121,250 · Zions First Nat'l Bk
—
—
Somnath Rosey LLC
—
Deed Of Trust
related
$1,353,912 · Georgia Commerce Bank
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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