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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Drive through restaurants
3990 Martin Luther King Jr SW Dr, Atlanta, GA 30336-1606
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0995017
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1975
Construction
WOOD
Total area
3,264 SF
Lot
0.73 ac (31,973 SF)
Zoning code
M2
APN
14F0023 LL0041
UPID
US22-0995017
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
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Walco Investments LP · 3 yrs held
Walco Investments LP
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
M2 · Atlanta, 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 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
$1,390,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.34M (Sep 30 2022)
Last sale anchor
$1.34M
Sep 30 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
$417 / 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
$20,795
Tax year 2023
Assessed value
$515,040
Assessed 2023
Previous assessed
$423,600
+21.6% YoY
Effective rate
4.04%
On assessed value
Assessed land
$220,400
Assessed improvement
$294,640
Land market value
$551,000
Improvement market value
$736,600
Total market value
$1,287,600
Applied tax rate
70.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,264 SF
Lot
0.73 ac (31,973 SF)
Zoning code
M2
APN
14F0023 LL0041
UPID
US22-0995017
Jurisdiction
FULTON
Zoning & alternative use
M2 · Atlanta, GA
Zoning M2 · permitted uses
M2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Walco Investments LP
Entity
Free & Clear · 3 yrs held
Mailing address
1381 ROOSEVELT AVE, PELHAM, NY 10803-3605
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Walco Investments LP
Membersfirst Cr Un
Quit Claim Deed
related
—
Sep 30, 2022
$1,336,363
3390 Mlk LLC
Walco Investments LP
Warranty Deed
—
Apr 5, 2019
—
Walco Investments LP
—
Deed
related
$4,550,000 · Members First Cu
Aug 7, 2013
—
First Atlantic Shirley LLC
Jh First Atlantic Co
Quit Claim Deed
related
—
—
—
Walco Investments LP
—
Deed Of Trust
related
$4,550,000 · Members First Cu
—
—
Walco Investments LP
—
Deed Of Trust
related
$5,425,000 · Branch Bk&tr
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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