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Property profile & analytics
FOR SALE
Investment properties
7441 Mcelroy Dr Riverdale, GA 30296
Individually Owned
21-yr Hold
Free & Clear
Property ID
US22-0121489
For Sale
1 / 16
$280,000
7441 Mcelroy Dr, Riverdale, GA 30296
View Listing →
Property summary
AI-generated overview
This exceptional 0.92-acre commercial property at 7441 McElroy Drive, Riverdale, GA, presents a compelling investment opportunity for developers and investors. Strategically located at the intersection of GA Highway 85 and GA Highway 138, this parcel is part of a larger 5.279-acre assemblage (including properties at 7471, 7423, and 7453 McElroy Road – see separate listings). The entire assemblage is zoned GB, allowing for permitted businesses (a list of permitted uses is available upon request). This property is not available for separate sale
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1951
Construction
FRAME
Total area
1,300 SF
Lot
0.92 ac (39,988 SF)
Zoning code
GB
APN
13-183C- A-010
UPID
US22-0121489
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
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
KELLY RAYMOND C
KELLY RAYMOND C
Zoning & alternative use
GB · Riverdale, 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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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 2024Property tax & assessments
Tax year 2024
Tax billed
$557
Tax year 2024
Assessed value
$24,280
Assessed 2024
Previous assessed
$24,280
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$24,000
Assessed improvement
$280
Land market value
$60,000
Improvement market value
$700
Total market value
$60,700
Applied tax rate
8.0000
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
For Sale
Year built
1951
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
5
Bathrooms
1
Total area
1,300 SF
Lot
0.92 ac (39,988 SF)
Zoning code
GB
APN
13-183C- A-010
UPID
US22-0121489
Jurisdiction
CLAYTON
Zoning & alternative use
GB · Riverdale, GA
Zoning GB · permitted uses
GB · Riverdale, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
5
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
KELLY RAYMOND C
Individual
Free & Clear · 0 yrs held
Mailing address
7441 MCELROY DR, RIVERDALE, GA 30296-1569
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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