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Property profile & analytics
FOR SALE
Medical Office Space
3620 Martin Luther King Jr Dr SW Atlanta, GA 30331
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1570329
For Sale
$10,445,000
3620 Martin Luther King Jr Dr SW, Atlanta, GA 30331
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
WOOD
Total area
23,272 SF
Lot
3.1 ac (135,036 SF)
Zoning code
C1
APN
14F001400010529
UPID
US22-1570329
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
$10.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.45M
Owner & transaction history
Rcp Davita Atl LLC · 3 yrs held
Rcp Davita Atl LLC
since 2022
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.7M
+100.0%
Neighborhood: shopping center
$6.3M
+0.1%
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 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
$10,805,000
ML approach
$10,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,325,000
Current use
RESTAURANT
$12,655,000
Change: +100% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,335,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.40M – $11.49M · ±10% · vs last sale $10.40M (Sep 16 2022)
Last sale anchor
$10.40M
Sep 16 2022
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
$449 / 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
$51,710
Tax year 2023
Assessed value
$1,249,040
Assessed 2023
Previous assessed
$1,249,040
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$530,560
Assessed improvement
$718,480
Land market value
$1,326,400
Improvement market value
$1,796,200
Total market value
$3,122,600
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Total area
23,272 SF
Lot
3.1 ac (135,036 SF)
Zoning code
C1
APN
14F001400010529
UPID
US22-1570329
Jurisdiction
FULTON
Zoning & alternative use
C1 · Atlanta, GAZoning C1 · permitted uses
C1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.3M
RESTAURANT
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING Current
RESTAURANT
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Rcp Davita Atl LLC
Entity
Mailing address
8111 PRESTON RD STE #430, DALLAS, TX 75225-6380
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$10,400,000
Rcp Davita Atl LLC
1031 Exchange Trust II
Warranty Deed
$39,247,500 · First Citizens Bank
Jul 25, 2019
$8,794,000
1031 Xchange Trust II
Elliott Bay Healthcare Realty
Grant Deed
—
Sep 21, 2018
—
Elliott Bay Healthcare Realty
Wcah LP
Quit Claim Deed
related
—
May 14, 2018
$7,158,000
Elliott Bay Healthcare Realty
Wcah LP
Grant Deed
—
May 14, 2018
—
Elliott Bay Healthcare Realty
Wcah LP
Quit Claim Deed
related
—
Jul 13, 2017
—
Wcah LP
—
Deed
related
$1,223,136 · Delta Cmnty Cu
—
—
Wcah LP
—
Deed Of Trust
related
$150,000 · United Community Bank
—
—
Wcah LP
—
Deed Of Trust
related
$175,000 · Delta Community Cu
—
—
Wcah LP
—
Deed Of Trust
related
$1,175,074 · Delta Community Cu
—
—
Wcah LP
—
Deed Of Trust
related
$1,433,477 · Delta Community Cu
—
—
Wcah LP
—
Deed Of Trust
related
$757,465 · Delta Community Cu
—
—
Wcah LP
—
Deed Of Trust
related
$269,406 · Delta Cmnty Cu
—
—
Wcah LP
—
Loan Modification
related
$1,002,649 · Delta Cmnty Cu
—
—
Wcah LP
—
Loan Modification
related
$1,223,136 · Delta Cmnty Cu
—
—
Wcah LP
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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