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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Office buildings
4810 Old National Hwy College Park, GA 30337-6233
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0216108
Property summary
AI-generated overview
The Airport Business Center, a four-building industrial park totaling 45,452 square feet, offers flexible space options ideal for various businesses. Located in Fulton County's Airport/North Clayton submarket, this Class C property boasts a prime location off Old National Highway, across from Old National Mall in College Park, Georgia. The property benefits from excellent access to Interstates 285, 75, and 85, providing convenient transportation links. Built in 1981 and extensively renovated in 2022, the center features 10 suites, with a minimum divisible space of 1,777 square feet and a maximum contiguous space of 5,862 square feet. Currently, 30,091 square feet are vacant. The 3.29-acre lot includes four drive-in bays and ample parking (40 spaces, a ratio of 2.10 per 1,000 square feet). Each building is single-story with a 14-foot ceiling height. The property is zoned for light industrial use (C2) and includes two 200-amp Square D electrical panels. Modern, efficient HVAC systems are installed throughout. The property's high-traffic location offers strong visibility and convenient access to Hartsfield-Jackson Atlanta International Airport (within 5 minutes). The APN is 13-0061-LL-144.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
18,752 SF
Lot
3.29 ac (143,312 SF)
Zoning code
C2
APN
13 0061 LL1446
UPID
US22-0216108
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
$7.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$7.43M
Owner & transaction history
Fulton Collegeparkga LLC · 2 yrs held
Fulton Collegeparkga LLC
since 2023
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
C2 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+103.6%
Neighborhood: shopping center
$6.2M
+24.6%
Medical building
$5.8M
+17.8%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$7,270,000
ML approach
$7,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,945,000
Current use
RESTAURANT
$10,075,000
Change: +104% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,160,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$5,825,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,465,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,575,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±10% · vs last sale $7.55M (Sep 29 2023)
Last sale anchor
$7.55M
Sep 29 2023
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
$396 / 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
$43,207
Tax year 2023
Assessed value
$1,300,400
Assessed 2023
Previous assessed
$1,300,400
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$444,280
Assessed improvement
$856,120
Land market value
$1,110,700
Improvement market value
$2,140,300
Total market value
$3,251,000
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
18,752 SF
Lot
3.29 ac (143,312 SF)
Zoning code
C2
APN
13 0061 LL1446
UPID
US22-0216108
Jurisdiction
FULTON
Zoning & alternative use
C2 · College Park, GA
Zoning C2 · permitted uses
C2 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
RESTAURANT
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1983
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
3.29 ac
Current owner
From public records · entity-resolved
Fulton Collegeparkga LLC
Entity
Mailing address
40 FULTON ST, NEW YORK, NY 10038-1850
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
$7,550,018
Fulton Collegeparkga LLC
Cofe Airport Business Center LLC
Warranty Deed
$5,477,500 · Barclays Capital Real Estate
Aug 31, 2022
$5,900,000
Cofe Airport Business Center LLC
Mi Park Place LLC
Warranty Deed
$4,130,000 · Amerant Bank
Oct 22, 2021
$3,251,000
Mi Park Place LLC
Vick Mark Investments LLC
Limited Warranty Deed
$3,000,000 · Southern States Bank
Jan 10, 2020
—
Planetary Road Advisors LLC
Planetary Properties LLC
Quit Claim Deed
related
—
Dec 3, 2010
—
Planetary Properties LLC
Habif,michael
Quit Claim Deed
related
$1,250,000 · Miscellaneous Ins Co
Sep 29, 2010
—
Rr Airport LLC
Rinzler,robert L
Quit Claim Deed
related
—
Apr 30, 2009
—
Nassim Properties LLC
Habif,isaac N
Grant Deed
related
—
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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