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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Medical Office Space
5723 Memorial Dr Stone Mountain, GA 30083-3425
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4716924
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD FRAME
Total area
11,760 SF
Lot
0.8 ac (35,022 SF)
Zoning code
C1
APN
18 070 04 009
UPID
US22-4716924
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
-
Fresenius Kidney Care Stone Mountain Medical Clinic
-
NARDOS K BELAYNEH Physician Medical Clinic
-
Clara Wade Truesdell Physician Medical Clinic
-
EKUNDAYO ADEDAPO FALASE Physician Medical Clinic
-
Ivan Luis Claudo-Gonzalez Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$2.84M
Owner & transaction history
Smbc Leasing And Finance INC · 4 yrs held
Smbc Leasing And Finance INC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
C1 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+44.2%
Retail stores
$3.0M
+34.7%
Auto repair, garage
$2.5M
+14.7%
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$3,005,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,210,000
Current use
RESTAURANT
$3,185,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$2,975,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,535,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,215,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$2,035,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.94M (Jul 29 2022)
Last sale anchor
$2.94M
Jul 29 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
$241 / 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
$49,107
Tax year 2024
Assessed value
$1,099,264
Assessed 2024
Previous assessed
$1,099,264
+0.0% YoY
Effective rate
4.47%
On assessed value
Assessed land
$130,900
Assessed improvement
$968,364
Land market value
$327,250
Improvement market value
$2,420,910
Total market value
$2,748,160
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
11,760 SF
Lot
0.8 ac (35,022 SF)
Zoning code
C1
APN
18 070 04 009
UPID
US22-4716924
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Stone Mountain, GAZoning C1 · permitted uses
C1 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1979
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Mailing address
277 PARK AVE, NEW YORK, NY 10172-0003
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$2,935,500
Smbc Leasing And Finance INC
Alliance Stone Mountian LLC
Warranty Deed
$3,009,240 · Smbc Leasing And Finance
Jul 13, 2020
—
Alliance Stone Mountain LLC
—
Deed
related
$1,106,400 · Cadence Bk NA
Aug 25, 2016
—
Alliance Stone Mountain LLC
Labonnevie Ventures LLC
Quit Claim Deed
related
—
Aug 25, 2016
$1,844,000
Alliance Stone Mountain LLC
Labonnevie Ventures LLC
Grant Deed
$1,106,400 · State Bk&tr
Nov 4, 2014
—
Labonnevie Ventures LLC
Fargo,norman J
Quit Claim Deed
related
—
Jan 26, 2007
—
Sovereign Pm LLC
Pmg Construction LLC
Grant Deed
$63,559,732 · Wells Fargo Bank
Jan 26, 2007
$1,670,000
Sovereign Pm LLC
Pmg Construction LLC
Grant Deed
—
—
—
Alliance Stone Mountain LLC
—
Loan Modification
related
$1,106,400 · Cadence Bk NA
—
—
Norman J Fargo
—
Deed Of Trust
related
$3,300,000 · First Place Bank
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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