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Property profile & analytics
OFF-MARKET
Estimated value
$8,400,000
Automotive properties
4770 Covington Hwy Decatur, GA 30035-2006
Entity Owned
25-yr Hold
Free & Clear
Property ID
US22-1797534
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1969
Total area
32,760 SF
Lot
10.3 ac (448,668 SF)
Zoning code
C2
APN
15 190 05 014
UPID
US22-1797534
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
-
Superior Chevrolet Car Dealership
-
Personal Problem Solver Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.40M
Owner & transaction history
FERRELL LAMAR CHEVROLET INC · 2 yrs held
FERRELL LAMAR CHEVROLET INC
since 2024
Last sale
$9.0M
1 recorded transaction
Zoning & alternative use
C2 · Decatur, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,650,000
Current use
OFFICE BUILDING
$8,305,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,955,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$7,635,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$7,590,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.40M
Range $7.56M – $9.24M · ±10% · vs last sale $9.00M (Sep 17 2024)
Last sale anchor
$9.00M
Sep 17 2024
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
$256 / 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
$98,598
Tax year 2024
Assessed value
$2,009,804
Assessed 2024
Previous assessed
$2,009,804
+0.0% YoY
Effective rate
4.91%
On assessed value
Assessed land
$339,752
Assessed improvement
$1,670,052
Land market value
$849,380
Improvement market value
$4,175,130
Total market value
$5,024,510
Applied tax rate
4.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
32,760 SF
Lot
10.3 ac (448,668 SF)
Zoning code
C2
APN
15 190 05 014
UPID
US22-1797534
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Decatur, GA
Zoning C2 · permitted uses
C2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RETAIL STORES
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Year built
1969
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
10.3 ac
Current owner
From public records · entity-resolved
FERRELL LAMAR CHEVROLET INC
Entity
Free & Clear · 2 yrs held
Mailing address
4770 COVINGTON HWY, DECATUR, GA 30035-2006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$9,000,000
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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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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