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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office Spaces
587 Virginia NE Ave Atlanta, GA 30306-3695
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-4335901
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
2,400 SF
Lot
0.06 ac (2,396 SF)
Zoning code
R5
APN
17 005300160556
UPID
US22-4335901
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
-
Dr. Tiffany Jamison Dental Office
-
Kindspine Chiropractic Center Alternative Medicine Practice
-
Polish Dental Center of Midtown Dental Office
-
Dr. Sha-Vashtiy Young-Ufeli Dental Office
-
Jason Hobbs Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$840k
Owner & transaction history
Cut Atlanta Salon LLC · 4 yrs held
Cut Atlanta Salon LLC
since 2021
Last sale
$870,000
2 recorded transactions
Zoning & alternative use
R5 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$675,000
+20.1%
Neighborhood: shopping center
$655,000
+16.3%
Medical building
$655,000
+16.1%
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
$805,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $870k (Dec 15 2021)
Last sale anchor
$870k
Dec 15 2021
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
$350 / 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
Assessed value
$316,800
Assessed 2023
Previous assessed
$280,000
+13.1% YoY
Assessed land
$220,320
Assessed improvement
$96,480
Land market value
$550,800
Improvement market value
$241,200
Total market value
$792,000
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
1988
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,400 SF
Lot
0.06 ac (2,396 SF)
Zoning code
R5
APN
17 005300160556
UPID
US22-4335901
Jurisdiction
FULTON
Zoning & alternative use
R5 · Atlanta, GA
Zoning R5 · permitted uses
R5 · 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
$560,000
COMMERCIAL (GENERAL)
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
MEDICAL BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES
Est. value
$540,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1988
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Cut Atlanta Salon LLC
Entity
Mailing address
587 VIRGINIA AVE NE STE 3B, ATLANTA, GA 30306-3688
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$870,000
Cut Atlanta Salon LLC
Tim S Schrager
Warranty Deed
$900,453 · Access To Capital For Entrepreneurs
—
—
Schrager,tim
—
Deed Of Trust
related
$47,800 · Lt Schrager Investments LP
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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