997 Commerce SW Dr Conyers, GA 30094-6647
Entity Owned
Absentee Owner
Estimated value (blended)
$1.27M
Range $1.14M – $1.40M (±10%)
Implied cap rate
8.60%
In-place · NOI ÷ last sale
Property ID
US22-1351038
Property summary
AI-generated overview
This exceptional three-story office building, located at 997 Commerce Dr SW in Conyers, Georgia, presents a compelling investment opportunity. Boasting 13,750 square feet of total space and 12,982 square feet of net rentable area, the property is currently 97% occupied as of May 1, 2023, generating a substantial net operating income (NOI) of $128,900. The asking price is $1,475,000, representing a compelling cap rate of 8.74%. Built in 1998, this Class B building sits on a 1.18-acre lot and is zoned for office use (OI). The property features a mix of executive and traditional office spaces, with six executive suites on the upper floors currently 100% leased. The lease structure is gross, and the tenancy is multi-tenant. The property is ideally suited for an owner-user, particularly a medical or office tenant seeking a first-floor presence. This stabilized investment is offered as a 1031 exchange opportunity. The property's strong occupancy, high cap rate, and excellent location in Rockdale County, Georgia (zip code 30094) make it an attractive proposition for discerning investors. Seller financing may be available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
7,727 SF
Lot
1.18 ac (51,401 SF)
Zoning code
OI
APN
C12-0-01-0037
UPID
US22-1351038
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
County Government Office
-
Employment Agency
-
Law Firm
-
Corporate Office
-
Counselor Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.27M
Owner & transaction history
since 2026
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
OI · Conyers, GA
Top alternative use upside
Medical building
$1.4M
+54.6%
Retail stores
$1.2M
+34.2%
Auto repair, garage
$960,000
+4.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.27M
Value range
$1.14M – $1.40M
±10% around blend
Estimated value / SF
$164 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$1.14M
blend $1.27M
$1.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,727 SF
Lot area
1.18 ac
Year built
1998
Stories
1
APN
C12-0-01-0037
Assessed value
$521,320
Annual tax
$28,940
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.70M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.84M
@ 6.5% CAP return
$1.70M
@ 7% CAP return
$1.58M
4
Sales comparison
Partial preview
Sales approach indication
$887k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.1 mi away · 6,399 SF
19.4 mi away · 7,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 53 sales
$119
+38%
County 54 sales
$120
+37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $164/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+55%
vs current-use indication
Retail Stores
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$60k *
Last sale · Feb 2020
$850k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$692k
Move the market yield to see immediate price impact.
Value / SF
$90
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.10%8.60%9.10%
$54k
$661k
$623k
$588k
$60k
$735k
$692k
$654k
$65k
$808k
$761k
$719k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$800k
0.2 mi · Jan 2026 · $112/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,940
Tax year 2023
Assessed value
$521,320
Assessed 2023
Previous assessed
$521,320
+0.0% YoY
Effective rate
5.55%
On assessed value
Assessed land
$41,200
Assessed improvement
$480,120
Land market value
$103,000
Improvement market value
$1,200,300
Total market value
$1,303,300
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Total area
7,727 SF
Lot
1.18 ac (51,401 SF)
Zoning code
OI
APN
C12-0-01-0037
UPID
US22-1351038
Jurisdiction
ROCKDALE
Zoning & alternative use
OI · Conyers, GAZoning OI · permitted uses
OI · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
1.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OI
Jurisdiction
Conyers, GA
Recorded code
OI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Conyers, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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