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Property profile & analytics
FOR LEASE
Medical Office Space
804 Commerce Blvd, Riverdale, GA 30296
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0126335
For Lease
1 / 4
$800/Mo
804 Commerce Blvd, Riverdale, GA 30296
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
7,965 SF
Lot
1.01 ac (44,213 SF)
Zoning code
MX
APN
13-202A- A-013
UPID
US22-0126335
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
-
Moody Ink 522 LLC Tattoo & Piercing Shop
-
Designer’s Touch Hair Salon Nail Salon
-
Bladed Brows Cosmetic Store
-
Signature Suites & Co Real Estate Agency
-
ZK Luxe Spa & Massage Center
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
Olakunle Adegbile · 5 yrs held
Olakunle Adegbile
since 2020
Last sale
$442,500
7 recorded transactions
Zoning & alternative use
MX · 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
$11,700
Tax year 2024
Assessed value
$299,920
Assessed 2024
Previous assessed
$299,920
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$31,840
Assessed improvement
$268,080
Land market value
$79,600
Improvement market value
$670,200
Total market value
$749,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1987
Heating
NONE
Total area
7,965 SF
Lot
1.01 ac (44,213 SF)
Zoning code
MX
APN
13-202A- A-013
UPID
US22-0126335
Jurisdiction
CLAYTON
Zoning & alternative use
MX · Riverdale, GA
Zoning MX · permitted uses
MX · 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
1987
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Olakunle Adegbile
Individual
Mailing address
6479 NORTHRIDGE WAY, MORROW, GA 30260-1784
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 16, 2020
$442,500
Olakunle Adegbile
Bradford Collins LLC
Grant Deed
$242,500 · Bradford Collins LLC
Dec 26, 2013
$385,000
Bradford Collins LLC
Sbc IV Reo LLC
Grant Deed
—
Mar 1, 2013
—
Sbc IV Reo LLC
Summitbridge Credit Invs IV Ll
Quit Claim Deed
related
—
Feb 5, 2013
$500,000
Credit Invs Summitbridge IV
A & W Leasing LLC
Trustees Deed
related
—
Feb 10, 2009
$650,000
A W Leasing LLC
Royal Properties LLC
Grant Deed
$650,000 · Branch Banking & Trust Co
Apr 5, 2004
$1,800,000
Royalty Properties LLC
Matthews Dev Corp
Grant Deed
$1,350,000 · Southtrust Bk/east Point
—
—
Matthies Dev Corp
—
Deed Of Trust
related
$2,000,000 · Integrity Bk Ssb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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