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Property profile & analytics
OFF-MARKET
Estimated value
$5,560,000
Retail space
547 Milam SW Ave Atlanta, GA 30315
Individually Owned
1-yr Hold
Free & Clear
Property ID
US22-0860565
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
WOOD
Total area
34,240 SF
Lot
4.41 ac (192,100 SF)
Zoning code
C2
APN
14 009100020710
UPID
US22-0860565
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
$6.14M
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$5.56M
Owner & transaction history
Metropolitan Atlanta Rapid Transit · 1 yrs held
Metropolitan Atlanta Rapid Transit
since 2025
Last sale
$8,300
6 recorded transactions
Zoning & alternative use
C2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+131.1%
Office building
$8.0M
+113.0%
Industrial (general)
$7.6M
+102.9%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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%
$6,650,000
6.5%
$6,140,000
7%
$5,700,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,765,000
Current use
AUTO REPAIR, GARAGE
$8,695,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$8,015,000
Change: +113% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,635,000
Change: +103% · Conversion: Difficult
Blend value · Realmo final
$5.56M
Range $5.00M – $6.12M · ±10% · vs last sale $8k (May 28 2025)
Last sale anchor
$8k
May 28 2025
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
$162 / 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
$87,591
Tax year 2023
Assessed value
$2,115,720
Assessed 2023
Previous assessed
$2,040,720
+3.7% YoY
Effective rate
4.14%
On assessed value
Assessed land
$864,440
Assessed improvement
$1,251,280
Land market value
$2,161,100
Improvement market value
$3,128,200
Total market value
$5,289,300
Applied tax rate
5.0000
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
2021
Construction
WOOD
Heating
NONE
Stories
1
Total area
34,240 SF
Lot
4.41 ac (192,100 SF)
Zoning code
C2
APN
14 009100020710
UPID
US22-0860565
Jurisdiction
FULTON
Zoning & alternative use
C2 · Atlanta, GA
Zoning C2 · permitted uses
C2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (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
2021
Construction
WOOD
Heating
NONE
Stories
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Metropolitan Atlanta Rapid Transit
Individual
Free & Clear · 1 yrs held
Mailing address
2201 LAWRENCEVILLE HWY #300, DECATUR, GA 30033-3140
Ownership since
2025
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
May 28, 2025
$8,300
Metropolitan Atlanta Rapid Transit
Goodwill Of North Georgia Developme
Warranty Deed
—
May 28, 2025
—
Metropolitan Atlanta Rapid Transit
Aemi Fund 25 LLC
Quitclaim Deed
related
—
Sep 30, 2020
—
Goodwill Of N Georgia Dev Co II I
Goodwill Of North Georgia INC
Quit Claim Deed
related
$9,800,000 · Aemi Fund Xxv LLC
Dec 16, 2019
$817,500
Goodwill Of North Georgia INC
Nacoochee Corp
Grant Deed
—
Dec 16, 2019
—
Goodwill Of North Georgia INC
Nacoochee Corp
Quit Claim Deed
related
—
Nov 15, 2018
—
Nacoochee Corp
Georgia Dept Of Transportation
Quit Claim 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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