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Property profile & analytics
OFF-MARKET
Office Spaces
615 Colonial Park Dr Roswell, GA 30075-3783
Trust Owned
22-yr Hold
~
Est. High Equity
Property ID
US22-4691275
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Construction
WOOD
Total area
1,000 SF
Lot
0.02 ac (1,002 SF)
Zoning code
OP
APN
12 209504660053
UPID
US22-4691275
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
-
Mimar Architecture & Design, inc. Service Establishment Architecture Firm
-
Isabel's Family Massage Alternative Medicine Practice Spa & Massage Center
-
Defined Contours & Wellness Spa & Massage Center
-
Kind Heart Counseling Medical Clinic
-
Bloomwell Counseling Co.- Allyse Teltser, LCSW - Therapy for Preteens, Adolescents and Adults Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
615 Colonial Park Land Trust · 22 yrs held
615 Colonial Park Land Trust
since 2004
2 recorded transactions
Zoning & alternative use
OP · Roswell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OP is intended to preserve and provide land exclusively for office and employment activity
Zone name
Office Park
General category
OPEN_SPACE
Zone area
456.93 ac
Source
Realmo
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 Roswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roswell 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,039
Tax year 2023
Assessed value
$36,800
Assessed 2023
Previous assessed
$36,800
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$14,400
Assessed improvement
$22,400
Land market value
$36,000
Improvement market value
$56,000
Total market value
$92,000
Applied tax rate
45.0000
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
1984
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
1,000 SF
Lot
0.02 ac (1,002 SF)
Zoning code
OP
APN
12 209504660053
UPID
US22-4691275
Jurisdiction
FULTON
Zoning & alternative use
OP · Roswell, GAZoning OP · permitted uses
OP · Roswell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OP is intended to preserve and provide land exclusively for office and employment activity
Zone name
Office Park
General category
OPEN_SPACE
Zone area
456.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
615 Colonial Park Land Trust
Trust
Mailing address
PO BOX 2592, ROSWELL, GA 30077-2592
Ownership since
2004
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
Feb 2, 2004
$170,000
615 Colonial Park Land Trust
Hussein,nabil & E-chun T
Warranty Deed
$165,000 · Nabil & E-chun T Hussein
—
—
615 Colonial Park Drive LLC
—
Deed Of Trust
related
$491,250 · Hamilton St Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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