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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Office Spaces
57 Forsyth NW St, Atlanta, GA 30303-2229
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0788375
Property summary
AI-generated overview
The Healey Building, a 58,000 square foot, three-story building located at 57 Forsyth St NW in Atlanta, GA 30303, offers unique office and retail opportunities. Built in 1913 and renovated in 2020, this Class B property boasts 10-foot ceilings and is situated on one acre of land in the Fairley Poplar submarket cluster. The building is listed on the National Register of Historic Places and provides street-level exposure with high foot traffic. Multiple tenancy options are available, with spaces ranging from 800 to 9,000 contiguous square feet, and a minimum divisible space of 800 square feet. Its prime location offers proximity to Georgia State University's Aderhold Learning Center, the Rialto Theatre, the GSU School of Music, and major downtown Atlanta tourist attractions and hotels. The building's versatile space is ideal for traditional or creative office uses, and also includes restaurant space. This property presents a fantastic live/work/play experience in the heart of downtown Atlanta and is located within a Federal Opportunity Zone. The building offers nine available spaces.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1913
Construction
WOOD
Total area
11,088 SF
Lot
0.25 ac (11,064 SF)
Zoning code
SPI1
APN
14 007800121036
UPID
US22-0788375
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
-
Lighthouse Consulting, LLC Business Management Consultant
-
VINTAGE The BARBER SHOP Barber Shop
-
Andre Sailers Sr & Associates Law Firm
-
Evolutions Web Hosting Data Center IT Consulting Firm
-
Pink Maison Showroom Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Georgia Association Of Realtors INC · 3 yrs held
Georgia Association Of Realtors INC
since 2022
4 recorded transactions
Zoning & alternative use
SPI1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+16.3%
Medical building
$3.0M
+16.1%
Auto repair, garage
$2.8M
+8.5%
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%
$2,640,000
6.5%
$2,435,000
7%
$2,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,020,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$3,015,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,815,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$2,485,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,470,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$50,082
Tax year 2023
Assessed value
$1,079,360
Assessed 2023
Previous assessed
$1,079,360
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$598,760
Assessed improvement
$480,600
Land market value
$1,496,900
Improvement market value
$1,201,500
Total market value
$2,698,400
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,088 SF
Lot
0.25 ac (11,064 SF)
Zoning code
SPI1
APN
14 007800121036
UPID
US22-0788375
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GA
Zoning SPI1 · permitted uses
SPI1 · 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
OFFICE BUILDING Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1913
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Georgia Association Of Realtors INC
Entity
Free & Clear · 3 yrs held
Mailing address
6065 BARFIELD RD STE #200, ATLANTA, GA 30328-4406
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$2,750,000
Georgia Association Of Realtors INC
Caduceus Holdings LLC
Warranty Deed
—
Jan 26, 2015
—
Caduceus Holdings LLC
Caduceus Healthcare INC
Quit Claim Deed
related
—
Sep 17, 2013
$1,732,500
Jpmcc 2003-c1 Retail 57 LP
Healey Building LP
Trustees Deed
—
Sep 17, 2013
$725,000
Caduceus Holdings LLC
Healey Building Outparcel LP
Grant Deed
related
$654,845 · Navy FCU
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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