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Property profile & analytics
OFF-MARKET
Estimated value
$9,690,000
Hotels
5885 Oakbrook Pkwy Norcross, GA 30093-1805
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-4635541
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD
Total area
39,201 SF
Lot
3.79 ac (165,092 SF)
Zoning code
R100-SINGLE FAM RES
APN
6-196 -138
UPID
US22-4635541
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
-
Congress Hotel and Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$9.69M
Owner & transaction history
Ga Norcross Property LLC · 3 yrs held
Ga Norcross Property LLC
since 2022
Last sale
$9.6M
7 recorded transactions
Zoning & alternative use
R100-SINGLE FAM RES · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.6M
+40.6%
Retail stores
$10.6M
+18.6%
Neighborhood: shopping center
$10.3M
+15.6%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$10,060,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,930,000
Current use
MEDICAL BUILDING
$12,560,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$10,590,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,330,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$9,565,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,030,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$9.69M
Range $8.72M – $10.66M · ±10% · vs last sale $9.60M (Nov 23 2022)
Last sale anchor
$9.60M
Nov 23 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
$247 / 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
$63,981
Tax year 2023
Assessed value
$1,719,040
Assessed 2023
Previous assessed
$1,719,040
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$284,240
Assessed improvement
$1,434,800
Land market value
$710,600
Improvement market value
$3,587,000
Total market value
$4,297,600
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
3
Total area
39,201 SF
Lot
3.79 ac (165,092 SF)
Zoning code
R100-SINGLE FAM RES
APN
6-196 -138
UPID
US22-4635541
Jurisdiction
GWINNETT
Zoning & alternative use
R100-SINGLE FAM RES · Norcross, GA
Zoning R100-SINGLE FAM RES · permitted uses
R100-SINGLE FAM RES · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$12.6M
RETAIL STORES
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
OFFICE BUILDING
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.0M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (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
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Lot
3.79 ac
Current owner
From public records · entity-resolved
Ga Norcross Property LLC
Entity
Mailing address
400 GALLERIA PKWY SE STE #1140, ATLANTA, GA 30339-6071
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$9,600,000
Ga Norcross Property LLC
Congress Hotel Of Atlanta LLC
Warranty Deed
$8,400,000 · Millenium Investment Group
Jan 13, 2011
$3,000,000
Congress Hotel Of Atlanta LLC
Congress Plaza Hotel LLC
Grant Deed
related
—
Mar 26, 2007
$3,789,500
520 South Michigan Avenue Asso
Khanna Group Of Hotels INC
Grant Deed
—
Mar 19, 2007
$3,789,500
S Michigan Avenue Assoc Lt 520
Khanna Group Of Hotels INC
Grant Deed
—
Oct 2, 2006
—
Khanna Group Of Hotels INC
Mortgage Cap Fndg INC
Quit Claim Deed
related
—
Oct 2, 2006
$3,000,000
Khanna Group Of Hotels INC
Lasalle Bk NA
Grant Deed
$1,600,000 · Neighbors Bank
Sep 1, 2006
$3,000,000
Khanna Grp Of Hotels INC
Lasalle Bank
Grant Deed
—
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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