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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Commercial land
4301 Covington Hwy Decatur, GA 30035-1209
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1679381
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
2,773 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C1
APN
15 196 03 007
UPID
US22-1679381
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
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$645k
Owner & transaction history
Fundrise Sfr Portfolio Trs LLC · 2 yrs held
Fundrise Sfr Portfolio Trs LLC
since 2023
5 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+8.7%
Office building
$705,000
+4.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
AUTO REPAIR, GARAGE
$730,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +4% · Conversion: Easy
RETAIL STORES
$645,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$645,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$233 / 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
$9,350
Tax year 2024
Assessed value
$157,240
Assessed 2024
Previous assessed
$157,240
+0.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$157,240
Land market value
$393,100
Total market value
$393,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Stories
1
Bathrooms
0
Total area
2,773 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C1
APN
15 196 03 007
UPID
US22-1679381
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
Heating
NONE
Stories
1
Bathrooms
0
Lot
1.88 ac
Current owner
From public records · entity-resolved
Fundrise Sfr Portfolio Trs LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1830 BALLYBUNION DR NW, JOHNS CREEK, GA 30097-2081
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Fundrise Sfr Portfolio Trs LLC
Home Rent 2 LLC
Warranty Deed
—
Nov 9, 2021
$490,000
Busbee & Frey LLC
Gregory T Baranco
Warranty Deed
—
Oct 25, 2021
—
Gregory T Baranco
Baranco Pontiac Gmc Truck INC
Warranty Deed
—
Sep 27, 2011
—
Baranco & Associates
Baranco & Associates
Quit Claim Deed
related
$326,110 · Capitol City Bank & Trust
Jul 21, 2005
$1,220,000
Ashton Grove LP
Baranco & Assocs
Warranty Deed
$1,563,638 · Mma Captial Corp
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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