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Property profile & analytics
FOR SALE
Investment properties
7453 Mcelroy Dr Riverdale, GA 30296
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0965165
For Sale
1 / 16
$280,000
7453 Mcelroy Dr, Riverdale, GA 30296
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Property summary
AI-generated overview
This exceptional 0.92-acre commercial property, located at 7453 McElroy Drive in Riverdale, Georgia, presents a compelling investment opportunity for developers and investors. Boasting 39,988 square feet, this property is part of a larger 5.279-acre assemblage situated at the strategic intersection of GA Highway 85 and GA Highway 138. The current zoning is General Business (GB), allowing for a variety of permitted uses. The site's prime location offers excellent visibility and accessibility, making it ideal for a range of commercial ventures. This property is being offered as part of a larger parcel
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Construction
FRAME
Total area
1,044 SF
Lot
0.92 ac (39,988 SF)
Zoning code
GB
APN
13-183C- A-009
UPID
US22-0965165
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
Lewis Mcleroy Garey · 4 yrs held
Lewis Mcleroy Garey
since 2022
3 recorded transactions
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
$947
Tax year 2024
Assessed value
$24,280
Assessed 2024
Previous assessed
$24,280
+0.0% YoY
Effective rate
3.90%
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
1955
Construction
FRAME
Heating
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
1,044 SF
Lot
0.92 ac (39,988 SF)
Zoning code
GB
APN
13-183C- A-009
UPID
US22-0965165
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
1955
Construction
FRAME
Heating
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Lewis Mcleroy Garey
Individual
Free & Clear · 4 yrs held
Mailing address
45 MASSENGALE FARMS CT, SENOIA, GA 30276-3375
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
Lewis Mcleroy Garey
Garey Mcleroy
Warranty Deed
related
—
Dec 7, 2015
—
Garey L Mcleroy
Mcleroy Reba
Quit Claim Deed
related
—
May 13, 2014
—
Reba Mcleroy
Mcleroy Cannon
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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