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Property profile & analytics
OFF-MARKET
Estimated value
$18,685,000
Office buildings
5000 Highlands SE Pkwy Smyrna, GA 30082-5170
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1845759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
150,311 SF
Lot
10.88 ac (474,063 SF)
Zoning code
LI
APN
17060800140
UPID
US22-1845759
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
-
Schawk Inc Media Distribution
-
BEHR Process Corporation Hardware & Home Improvement Building Supply
-
MGP Instruments Corporate Office
-
BrightPipe Corporate Office
-
3M™ Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.04M
Blend (final)
Blend
$18.69M
Owner & transaction history
Bpaz Holdings 32 LLC · 5 yrs held
Bpaz Holdings 32 LLC
since 2021
Last sale
$18.8M
6 recorded transactions
Zoning & alternative use
LI · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.9M
+6.9%
Neighborhood: shopping center
$29.5M
+5.3%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$19,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,970,000
Current use
AUTO REPAIR, GARAGE
$29,915,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$29,450,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$18.69M
Range $16.82M – $20.55M · ±10% · vs last sale $18.75M (Apr 1 2021)
Last sale anchor
$18.75M
Apr 1 2021
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
$124 / 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
$155,029
Tax year 2024
Assessed value
$5,708,000
Assessed 2024
Previous assessed
$6,086,200
-6.2% YoY
Effective rate
2.72%
On assessed value
Assessed land
$762,188
Assessed improvement
$4,945,812
Land market value
$1,905,470
Improvement market value
$12,364,530
Total market value
$14,270,000
Applied tax rate
6.0000
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
Status
Off-Market
Year built
1985
Heating
NONE
Total area
150,311 SF
Lot
10.88 ac (474,063 SF)
Zoning code
LI
APN
17060800140
UPID
US22-1845759
Jurisdiction
COBB
Zoning & alternative use
LI · Smyrna, GA
Zoning LI · permitted uses
LI · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$28.0M
AUTO REPAIR, GARAGE
Est. value
$29.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
NONE
Lot
10.88 ac
Current owner
From public records · entity-resolved
Bpaz Holdings 32 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1111 BROADWAY ST STE #1670, OAKLAND, CA 94607-4007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Bpaz Holdings 32 LLC
—
Deed
related
$10,619,400 · Renasant Bank
Apr 1, 2021
$18,750,000
Bpaz Holdings 32 LLC
Highlands Overlook Partners LLC
Limited Warranty Deed
—
Apr 1, 2021
—
Bpaz Holdings 32 LLC
Highlands Overlook Partners LLC
Quit Claim Deed
related
—
Apr 3, 2017
$13,100,000
Highlands Overlook Ptrs LLC
Lsref3 Spartan Reo LLC
Quit Claim Deed
$9,520,000 · United Cmnty Bk
Dec 29, 2014
$15,500,000
Lsref3 Spartan Reo LLC
5000 Highlands Parkway Holding
Grant Deed
—
Nov 9, 2006
$16,765,000
Ucm Of Ackerman-highlands Overlook
Highlands Overlook LLC
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.
Try Rey
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