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Property profile & analytics
OFF-MARKET
Estimated value
$7,150,000
Showrooms
516 Veterans Memorial SE Hwy Mableton, GA 30126-2622
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-1649557
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Total area
66,474 SF
Lot
3.63 ac (157,905 SF)
Zoning code
LI
APN
18004700120
UPID
US22-1649557
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
-
Art Frame LLC (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.81M
Blend (final)
Blend
$7.15M
Owner & transaction history
Michelangelo Holding USA INC · 10 yrs held
Michelangelo Holding USA INC
since 2016
7 recorded transactions
Zoning & alternative use
LI · Mableton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI district is established to provide locations for light industrial uses such as low intensity automobile repair and service
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,694.31 ac
Source
Realmo
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 Mableton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mableton 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
COMMERCIAL (GENERAL)
$9,355,000
Current use
Blend value · Realmo final
$7.15M
Range $6.44M – $7.87M · ±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
$108 / 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
$67,407
Tax year 2024
Assessed value
$2,235,720
Assessed 2024
Previous assessed
$1,954,240
+14.4% YoY
Effective rate
3.02%
On assessed value
Assessed land
$336,456
Assessed improvement
$1,899,264
Land market value
$841,140
Improvement market value
$4,748,160
Total market value
$5,589,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2006
Heating
YES
Stories
1
Rooms
7
Bathrooms
1
Total area
66,474 SF
Lot
3.63 ac (157,905 SF)
Zoning code
LI
APN
18004700120
UPID
US22-1649557
Jurisdiction
COBB
Zoning & alternative use
LI · Mableton, GAZoning LI · permitted uses
LI · Mableton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI district is established to provide locations for light industrial uses such as low intensity automobile repair and service
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,694.31 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.4M
COMMERCIAL (GENERAL) Current
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
2006
Heating
YES
Stories
1
Rooms
7
Bathrooms
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Michelangelo Holding USA INC
Entity
Mailing address
516 VETERANS MEMORIAL HWY SE, MABLETON, GA 30126-2622
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2018
—
Michelangelo Holding USA INC
—
Deed
related
$3,070,993 · Wells Fargo Bk
Jul 12, 2016
—
Michelangelo Holding USA INC
Ra Mableton Holdings LLC
Quit Claim Deed
related
$3,424,000 · Wells Fargo Bk
Jul 12, 2016
$2,500,000
Michelangelo Holding USA INC
Ra Mableton Holdings LLC
Grant Deed
—
Jan 9, 2006
—
Ra Mableton Holdings LLC
Roberts,teresa E
Quit Claim Deed
related
$2,206,528 · Colonial Bank
May 24, 2004
$409,600
Ra Mableton Holdings LLC
Cox,patsy
Warranty Deed
related
$307,200 · Colonial Bank
Mar 11, 2004
—
Patsy Cox
Price,bruce
Quit Claim Deed
related
—
—
—
Michelangelo Holding USA INC
—
Loan Modification
related
$3,070,993 · Wells Fargo Bk
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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