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Property profile & analytics
OFF-MARKET
Estimated value
$10,175,000
Investment properties
650 Hamilton SE Ave Atlanta, GA 30312-3778
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1188057
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
48,000 SF
Lot
1.36 ac (59,242 SF)
Zoning code
I1
APN
14 002300080022
UPID
US22-1188057
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
-
Melanie R Mayer, LLC Law Firm
-
Recording Connection Audio Institute Vocational School Training Center
-
Melton Audra Photography Service (Bike/Boat/Book/etc) Store
-
Dorn Brothers Productions Photography Service (Bike/Boat/Book/etc) Store
-
The Key Property Group, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.98M
CAP Approach
CAP
$8.97M
Comparable Approach
Comparable
$8.74M
Blend (final)
Blend
$10.18M
Owner & transaction history
Ap 650 Hamilton Ave Se LLC · 4 yrs held
Ap 650 Hamilton Ave Se LLC
since 2022
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,405,000
ML approach
$9,975,000
CAP Approach
CAP Return
Estimation
6%
$9,720,000
6.5%
$8,970,000
7%
$8,330,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,065,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$13,050,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,190,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$11,240,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$10.18M
Range $9.16M – $11.19M · ±10% · vs last sale $10.98M (Apr 26 2022)
Last sale anchor
$10.98M
Apr 26 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
$212 / 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
$1,732,640
Assessed 2023
Previous assessed
$864,000
+100.5% YoY
Assessed land
$104,800
Assessed improvement
$1,627,840
Land market value
$262,000
Improvement market value
$4,069,600
Total market value
$4,331,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Heating
YES
Cooling
YES
Stories
1
Total area
48,000 SF
Lot
1.36 ac (59,242 SF)
Zoning code
I1
APN
14 002300080022
UPID
US22-1188057
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
MEDICAL BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.2M
OFFICE BUILDING
Est. value
$11.2M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
YES
Cooling
Yes
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Ap 650 Hamilton Ave Se LLC
Entity
Mailing address
1616 CAMDEN RD #210, CHARLOTTE, NC 28203-4925
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$10,976,875
Ap 650 Hamilton Ave Se LLC
650 Hamilton LLC
Warranty Deed
—
Apr 26, 2022
—
650 Hamilton LLC
650 Hamilton LLC
Warranty Deed
related
—
Jan 13, 2004
—
650 Hamilton LLC
Eden,mark A
Warranty Deed
related
—
—
—
650 Hamilton LLC
—
Deed Of Trust
related
$1,700,000 · Georgian Bank
—
—
650 Hamilton LLC
—
Deed Of Trust
related
$1,443,629 · Branch Banking & Trust Co
—
—
650 Hamilton LLC
—
Loan Modification
related
$1,165,453 · Branch Banking & Trust 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.
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