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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Retail space
4855 Flt Shls Pkwy, Decatur, GA 30034-5208
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1135309
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,200 SF
Lot
0.92 ac (39,988 SF)
Zoning code
C1
APN
15 061 10 003
UPID
US22-1135309
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
$2.43M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$2.48M
Owner & transaction history
David Andes · 4 yrs held
David Andes
since 2022
Last sale
$22,085
7 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+13.3%
Office building
$2.8M
+8.8%
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 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%
$2,625,000
6.5%
$2,425,000
7%
$2,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,610,000
Current use
AUTO REPAIR, GARAGE
$2,955,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,840,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,595,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $22k (Feb 23 2022)
Last sale anchor
$22k
Feb 23 2022
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
$221 / 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
$34,520
Tax year 2024
Assessed value
$766,880
Assessed 2024
Previous assessed
$766,880
+0.0% YoY
Effective rate
4.50%
On assessed value
Assessed land
$130,370
Assessed improvement
$636,510
Land market value
$325,924
Improvement market value
$1,591,276
Total market value
$1,917,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Stories
1
Total area
11,200 SF
Lot
0.92 ac (39,988 SF)
Zoning code
C1
APN
15 061 10 003
UPID
US22-1135309
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
RETAIL STORES Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
David Andes
Individual
Free & Clear · 4 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
David Andes
Decatur Dt LLC
Limited Warranty Deed
—
Feb 23, 2022
$22,085
Jerry M Andes
David Andes
Warranty Deed
related
—
Jan 12, 2022
—
David Andes
Decatur Dt LLC
Limited Warranty Deed
—
Jan 12, 2022
$22,085
Jerry M Andes
David Andes
Warranty Deed
related
—
Dec 6, 2021
—
Debra R Brown
Decatur Dt Freestanding LLC
Warranty Deed
—
Dec 6, 2021
$67,264
Eal II Investments LLC
Debra R Brown
Limited Warranty Deed
—
Nov 14, 2019
$112,200
T Trust Created Under Item Xii
Decatur Dt Freestanding LLC
Grant Deed
—
Jun 18, 2019
$2,104,000
NA Management Properties LLC
Azeeta-r LLC
Grant Deed
—
Jun 18, 2019
—
Decatur Dt Freestanding LLC
NA Management Properties LLC
Grant Deed
related
—
Dec 4, 2014
$1,350,000
Azeeta-r LLC
Gorney,brian & Leslie
Grant Deed
—
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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