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    KELLER WILLIAMS REALTY ATLANTA MIDTOWN

    1420 PEACHTREE STREET NE, SUITE 100, Atlanta, GA 30309
    (404) 604-3100
    Web Site
    Size: 10+ agents

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    • Land
    • Residential Multi Family

    Listings

    For Sale (9)

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    Atlanta Quadruplex Near Westside BeltLine
    $700,000
    0.50 Acres

    Atlanta Quadruplex Near Westside BeltLine

    Investment opportunity near Westside BeltLine with renovation potential.

    1465 S Gordon St SW, Atlanta, GA 30310
    View details
    Renovated Multifamily Property in Atlanta
    $519,900
    0.12 Acres

    Renovated Multifamily Property in Atlanta

    Fully renovated triplex with income potential and owner-occupant flexibility.

    2110 Newnan St, Atlanta, GA 30344
    View details
    Renovated Atlanta Multifamily Income Property
    $620,000
    0.95 Acres

    Renovated Atlanta Multifamily Income Property

    Renovated 4-unit property with income potential in Atlanta, GA.

    4010 Boulder Park Dr SW, Atlanta, GA 30331
    View details
    Lithonia Commercial Land Opportunity
    $79,900
    2.31 Acres

    Lithonia Commercial Land Opportunity

    2.3 acres of commercial land in Lithonia, Georgia.

    1821 Redan Rd, Lithonia, GA 30058
    View details
    Vacant Corner Lot in Atlanta
    $200,000
    0.14 Acres

    Vacant Corner Lot in Atlanta

    0.14-acre corner lot zoned R4, near multiple communities.

    1491 Memorial Dr SE, Atlanta, GA 30317
    View details
    Mableton Commercial Property on Large Lot
    $189,900
    1,115 SF

    Mableton Commercial Property on Large Lot

    Commercial property with residential grandfathering on a generous half-acre lot.

    5715 Harding Dr, Mableton, GA 30126
    View details
    Ringgold, GA Land Opportunity
    $53,000
    3.60 Acres

    Ringgold, GA Land Opportunity

    3.6 acre lot with redevelopment potential in Ringgold, GA.

    405 Chambers Ln, Ringgold, GA 30736
    View details
    East Point Multi-Unit Property
    $540,000
    0.24 Acres

    East Point Multi-Unit Property

    Well-maintained triplex in East Point, near Atlanta.

    3181 Church St, East Point, GA 30344
    View details
    Residential Lot in Growing Atlanta
    $107,000
    0.17 Acres

    Residential Lot in Growing Atlanta

    0.17-acre R4-zoned lot in Center Hill neighborhood.

    2529 Oldknow Dr NW, Atlanta, GA 30318
    View details

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    KELLER WILLIAMS REALTY ATLANTA MIDTOWN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    KELLER WILLIAMS REALTY ATLANTA MIDTOWN
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