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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Theaters & concert halls
3952 Covington Hwy Decatur, GA 30032-2605
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4661048
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1968
Construction
WOOD FRAME
Total area
23,029 SF
Lot
7.9 ac (344,124 SF)
Zoning code
C-1
APN
15 220 10 002
UPID
US22-4661048
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Vasanti INC · 12 yrs held
Vasanti INC
since 2014
4 recorded transactions
Zoning & alternative use
C-1 · Decatur, 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 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$25 / 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
$31,073
Tax year 2024
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
5.18%
On assessed value
Assessed land
$120,000
Assessed improvement
$480,000
Land market value
$300,000
Improvement market value
$1,200,000
Total market value
$1,500,000
Applied tax rate
4.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
23,029 SF
Lot
7.9 ac (344,124 SF)
Zoning code
C-1
APN
15 220 10 002
UPID
US22-4661048
Jurisdiction
DE KALB
Zoning & alternative use
C-1 · Decatur, GA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.9 ac
Current owner
From public records · entity-resolved
Vasanti INC
Entity
Free & Clear · 12 yrs held
Mailing address
2164 FAIRBURN RD, DOUGLASVILLE, GA 30135-1038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Apr 11, 2014
$800,000
Vasanti INC
Cxa-16 Corp
Grant Deed
—
Nov 23, 2011
$1,500,000
Cxa-16 Corp
P T Investments LLC
Trustees Deed
—
Mar 24, 2008
—
Dekalb County
P T Investments LLC
Grant Deed
related
—
May 26, 2006
$3,300,000
P T Investments LLC
Turner,ronald M
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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