3963 Redan Rd Stone Mountain, GA 30083-4740
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$10.54M
Range $9.49M – $11.59M (±10%)
Property ID
US22-1795198
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2022
Total area
49,648 SF
Lot
17.63 ac (767,963 SF)
Zoning code
R75
APN
15 221 06 004
UPID
US22-1795198
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.91M
Comparable Approach
Comparable
$14.30M
Blend (final)
Blend
$10.54M
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
R75 · Stone Mountain, GA
Top alternative use upside
Restaurant
$13.4M
+56.3%
Retail stores
$12.6M
+46.0%
Auto repair, garage
$10.7M
+24.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.54M
Value range
$9.49M – $11.59M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
20
$9.49M
blend $10.54M
$11.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
49,648 SF
Lot area
17.63 ac
Year built
2022
Stories
1
APN
15 221 06 004
Assessed value
$41,850,880
Annual tax
$562,733
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.91M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.82M
@ 6.5% CAP return
$10.91M
@ 7% CAP return
$10.13M
4
Sales comparison
Partial preview
Sales approach indication
$14.30M
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 288 sales
$173
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+56%
vs current-use indication
Retail Stores
Auto Repair, Garage
Neighborhood: Shopping Center
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$41.85M
Move the market yield to see immediate price impact.
Value / SF
$843
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.64M
$52.73M
$37.67M
$29.30M
$2.93M
$58.59M
$41.85M
$32.55M
$3.22M
$64.45M
$46.04M
$35.81M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$562,733
Tax year 2024
Assessed value
$41,850,880
Assessed 2024
Previous assessed
$16,242,160
+157.7% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,920,800
Assessed improvement
$38,930,080
Land market value
$7,302,000
Improvement market value
$97,325,200
Total market value
$104,627,200
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Rooms
5
Bathrooms
2
Total area
49,648 SF
Lot
17.63 ac (767,963 SF)
Zoning code
R75
APN
15 221 06 004
UPID
US22-1795198
Jurisdiction
DE KALB
Zoning & alternative use
R75 · Stone Mountain, GAZoning R75 · permitted uses
R75 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Rooms
5
Bathrooms
2
Lot
17.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R75
Jurisdiction
Stone Mountain, GA
Recorded code
R75
Ownership Intelligence
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Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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