Entity Owned Property summary
AI-generated overview
This exceptional mixed-use property, located at 409 Mead Road Unit 1 in Decatur, Georgia's desirable Historic Downtown Oakhurst, presents a unique investment opportunity. Built in 1961, this property boasts six buildings situated on a 0.027-acre lot. The asking price is $478,999. Its prime location within the thriving Oakhurst community offers unparalleled convenience and accessibility to local amenities, businesses, and cultural attractions. The property's mixed-use zoning allows for a variety of potential uses, making it an ideal investment for both seasoned and aspiring entrepreneurs. The compact lot size, while offering a manageable footprint, still provides ample space for the existing six buildings. This presents a chance to capitalize on the current setup or to explore redevelopment opportunities, subject to local zoning regulations. The property's age offers a blend of character and potential for modernization, allowing for creative vision and adaptation to current market demands. Its location in the heart of Historic Downtown Oakhurst ensures high visibility and foot traffic, contributing to its strong potential for rental income or business operations. This property is an excellent choice for those seeking a versatile investment in a vibrant and sought-after Georgia location. The address is 409 Mead Road Unit 1, Decatur, GA 30030.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
1,008 SF
Lot
0.02 ac (1,002 SF)
Zoning code
C1
APN
15 213 04 211
UPID
US22-0027839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Gym & Fitness Center
-
Gym & Fitness Center
-
Gym & Fitness Center
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$210k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
since 2014
2 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
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.
All 28 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$210k
Value range
$189k – $231k
±10% around blend
Estimated value / SF
$208 / SF
Confidence
High
28 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$189k
blend $210k
$231k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,008 SF
Lot area
0.02 ac
Year built
1963
Stories
1
APN
15 213 04 211
Zoning
C1
Assessed value
$137,040
Annual tax
$1,376
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$300k
Weighted, 20 comps · high confidence
Evidence
28 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.2 mi away · 1,204 SF
17.0 mi away · 1,167 SF
17.0 mi away · 1,167 SF
17.1 mi away · 1,147 SF
18.2 mi away · 1,140 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$210k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$308
-32%
Submarket 53 sales
$253
-18%
County 288 sales
$173
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $208/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 28 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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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$137k
Move the market yield to see immediate price impact.
Value / SF
$136
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%
$9k
$173k
$123k
$96k
$10k
$192k
$137k
$107k
$11k
$211k
$151k
$117k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
28 found
High confidence · county-verified
Closest comparable
$654k
0.8 mi · Oct 2025 · $543/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,376
Tax year 2024
Assessed value
$137,040
Assessed 2024
Previous assessed
$137,040
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$16,200
Assessed improvement
$120,840
Land market value
$40,500
Improvement market value
$302,100
Total market value
$342,600
Applied tax rate
92.0000
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
1963
Heating
NONE
Cooling
YES
Stories
1
Total area
1,008 SF
Lot
0.02 ac (1,002 SF)
Zoning code
C1
APN
15 213 04 211
UPID
US22-0027839
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GAZoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Decatur, GA
Recorded code
C1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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