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Property profile & analytics
OFF-MARKET
Estimated value
$7,480,000
Office buildings
5700 Highlands SE Pkwy Smyrna, GA 30082-5142
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1082592
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
35,388 SF
Lot
2.95 ac (128,328 SF)
Zoning code
LI
APN
17054500160
UPID
US22-1082592
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
-
Wave Crusade Medical Clinic
-
Trophy Golf Lab Golf Instructor Gym
-
Trophy Healthcare Medical Clinic
-
PRG Atlanta Film Production Television Studio
-
YellowBox Life Sciences Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.72M
CAP Approach
CAP
$7.78M
Comparable Approach
Comparable
$8.61M
Blend (final)
Blend
$7.48M
Owner & transaction history
Evan J Libaw · 3 yrs held
Evan J Libaw
since 2022
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
LI · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.9M
+35.8%
Medical building
$8.7M
+32.0%
Commercial (general)
$7.6M
+15.8%
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
$7,565,000
ML approach
$7,715,000
CAP Approach
CAP Return
Estimation
6%
$8,425,000
6.5%
$7,775,000
7%
$7,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,585,000
Current use
RETAIL STORES
$8,940,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$8,690,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,625,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,045,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,935,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.48M
Range $6.73M – $8.23M · ±10% · vs last sale $7.18M (Nov 9 2022)
Last sale anchor
$7.18M
Nov 9 2022
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
$211 / 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
$82,509
Tax year 2024
Assessed value
$3,037,880
Assessed 2024
Previous assessed
$2,655,760
+14.4% YoY
Effective rate
2.72%
On assessed value
Assessed land
$222,844
Assessed improvement
$2,815,036
Land market value
$557,110
Improvement market value
$7,037,590
Total market value
$7,594,700
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
1986
Heating
NONE
Total area
35,388 SF
Lot
2.95 ac (128,328 SF)
Zoning code
LI
APN
17054500160
UPID
US22-1082592
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
$6.6M
RETAIL STORES
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1986
Heating
NONE
Lot
2.95 ac
Current owner
From public records · entity-resolved
Evan J Libaw
Individual
Free & Clear · 3 yrs held
Mailing address
11661 SAN VICENTE BLVD STE #301, LOS ANGELES, CA 90049-5111
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$7,175,000
Evan J Libaw
5700 Highlands LLC
Limited Warranty Deed
—
Jun 7, 2022
—
5700 Highlands LLC
—
Deed
related
$500,000 · Quantum National Bank
Apr 8, 2021
—
5700 Highlands LLC
American Family Life Insurance Comp
Quit Claim Deed
related
—
Apr 8, 2021
$2,550,000
5700 Highlands LLC
American Family Life Insurance Comp
Limited Warranty Deed
$2,241,000 · Quantum National Bank
Jul 7, 2020
$2,100,000
American Fam Life Ins
American Fam Life Ins|smd Holdings LLC
Foreclosure
related
—
Jun 6, 2016
—
Smd Holdings LLC
—
Deed
related
$3,200,000 · Miscellaneous Ins Co
Oct 26, 2015
$3,198,000
Smd Holdings LLC
Mdre-atlanta LLC
Grant Deed
related
—
—
—
Smd Holdings LLC
—
Deed Of Trust
related
$3,200,000 · Miscellaneous Ins Co
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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