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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Retail space
5395 Covington Hwy Decatur, GA 30035
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0187212
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
14,370 SF
Lot
1.91 ac (83,200 SF)
Zoning code
X
APN
15 161 02 017
UPID
US22-0187212
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
-
Ben Carpet & Air Duct Cleaners Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.76M
Owner & transaction history
Cole Wg Decatur Ga LLC · 15 yrs held
Cole Wg Decatur Ga LLC
since 2011
5 recorded transactions
Zoning & alternative use
X · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home Page | Decatur GA
Top alternative use upside
Auto repair, garage
$3.8M
+13.3%
Office building
$3.6M
+8.8%
Commercial (general)
$3.5M
+4.2%
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%
$3,370,000
6.5%
$3,110,000
7%
$2,885,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,350,000
Current use
AUTO REPAIR, GARAGE
$3,795,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,640,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,490,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$3,330,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±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
$192 / 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
$59,531
Tax year 2024
Assessed value
$1,844,040
Assessed 2024
Previous assessed
$1,844,040
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$222,941
Assessed improvement
$1,621,099
Land market value
$557,352
Improvement market value
$4,052,748
Total market value
$4,610,100
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
2001
Heating
NONE
Cooling
YES
Stories
1
Total area
14,370 SF
Lot
1.91 ac (83,200 SF)
Zoning code
X
APN
15 161 02 017
UPID
US22-0187212
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GAZoning X · permitted uses
X · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Cole Wg Decatur Ga LLC
Entity
Free & Clear · 15 yrs held
Mailing address
104 WILMOT RD, DEERFIELD, IL 60015-5121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2011
$4,158,300
Cole Wg Decatur Ga LLC
Wal Dec LLC
Grant Deed
—
Oct 30, 2009
$3,851,000
Wal Dec LLC
Cre,decatur Double Net Hol
Grant Deed
—
Nov 26, 2008
—
Dekalb County Georgia
Cre,decatur Double Net Hol
Grant Deed
related
—
Jan 8, 2007
$5,421,435
Decatur Double Net Holding Cre
Wg 6183 Ga LLC
Grant Deed
—
Jun 17, 2005
$5,146,800
Wg-6138 Ga LLC
Mountain Ventures Decatur LLC
Grant Deed
$3,551,000 · Wachovia Bank NA
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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