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Property profile & analytics
FOR LEASE
Office buildings
951 Image Ave NW Atlanta, GA 30318
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-2290231
For Lease
1 / 6
$13.50 SF/Yr
951 Image Ave NW, Atlanta, GA 30318
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1961
Construction
WOOD
Total area
2,352 SF
Lot
0.05 ac (2,091 SF)
Zoning code
I1
APN
17 015000080236
UPID
US22-2290231
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
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.12M
Owner & transaction history
Image Ave Ga LLC · 3 yrs held
Image Ave Ga LLC
since 2023
Last sale
$1.2M
4 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
$1,010,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
WAREHOUSE, STORAGE
$785,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.20M (May 5 2023)
Last sale anchor
$1.20M
May 5 2023
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
$474 / 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
$172,720
Assessed 2023
Previous assessed
$172,720
+0.0% YoY
Assessed land
$36,360
Assessed improvement
$136,360
Land market value
$90,900
Improvement market value
$340,900
Total market value
$431,800
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1961
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
2,352 SF
Lot
0.05 ac (2,091 SF)
Zoning code
I1
APN
17 015000080236
UPID
US22-2290231
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
OFFICE BUILDING Current
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$740,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1961
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Image Ave Ga LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2030 WINELEAS RD, ATLANTA, GA 30033
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$2,800,000
Image Ave Ga LLC
Image Property Group LLC
Warranty Deed
—
Dec 26, 2019
—
Image Property Group LLC
—
Deed
related
$425,000 · Jp Morgan Chase Bk
Aug 21, 2012
$709,000
Image Property Group LLC
Image Avenue LLC
Grant Deed
related
$567,000 · Td Bk NA
—
—
Image Property Group LLC
—
Deed Of Trust
related
$425,000 · Jp Morgan Chase 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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