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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Medical Office Space
4646 Shallowford Rd Atlanta, GA 30338-6308
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US22-0694507
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
15,860 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OI
APN
18 352 04 001
UPID
US22-0694507
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
Current use
Occupant on record · Public records
-
Gez Agolli Alternative Medicine Practice
-
Progressive Nutracare Pharmacy
-
Progressive Immune Recovery Medical Clinic
-
Satcher Serena M MD Physician
-
Anchors Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Spirit Master Funding X LLC · 9 yrs held
Spirit Master Funding X LLC
since 2016
5 recorded transactions
Zoning & alternative use
OI · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+0.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,235,000
7%
$3,000,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,315,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,025,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$3,555,000
Change: -18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,535,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±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
$166 / 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
$52,939
Tax year 2024
Assessed value
$1,272,200
Assessed 2024
Previous assessed
$1,080,000
+17.8% YoY
Effective rate
4.16%
On assessed value
Assessed land
$219,814
Assessed improvement
$1,052,386
Land market value
$549,535
Improvement market value
$2,630,965
Total market value
$3,180,500
Applied tax rate
50.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
15,860 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OI
APN
18 352 04 001
UPID
US22-0694507
Jurisdiction
DE KALB
Zoning & alternative use
OI · Atlanta, GA
Zoning OI · permitted uses
OI · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Mailing address
4646 N SHALLOWFORD RD, DUNWOODY, GA 30338-6308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Nov 23, 2016
$5,600,000
Spirit Master Funding X LLC
Jjm Real Estate Ltd
Grant Deed
related
—
Sep 22, 2016
—
J J M Real Estate Ltd
—
Deed
related
$2,233,620 · Regions Bank
Sep 20, 2004
$1,600,000
Jjm Real Estate Ltd
Business Invest & Dev Grp Ltd
Grant Deed
$1,400,000 · Business Invest & Dev Grp Ltd
—
—
Jjm Real Estate Ltd
—
Deed Of Trust
related
$300,000 · Puka Capital Funding LLC
—
—
J J M Real Estate Ltd
—
Deed Of Trust
related
$325,000 · Regions Bank
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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