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    The Largest CRE Database in the US with Over 1 Million Listings

    1359 Ragley Hall Rd NE Atlanta, GA 30319

    Sponsored
    For Sale
    $2,250,000

    LAND - Cottage - Brookhaven, GA

    Type:Single Family Residence
    Lot size:
    0.63 Acres
    Days on Market:
    34
    Last Refresh:
    Feb 1 at 8:06 pm

    Property Features for 1359 Ragley Hall Rd NE

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    R100
    Rooms
    Basement
    APN
    18 302 08 039
    Patio and Porch features
    Deck
    Lot size
    0.63 Acres

    Utilities

    Utilities
    Water Available
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1968
    Floors in Building
    2
    Architectural style
    Cottage

    We can help!

    Listing Contact
    TROY WELLS
    TROY WELLS

    HomeSmart (404) 876-4901

    Listing agent TROY WELLS (404) 388-6521

    Listing date Dec 30, 2025

    MLS# 7651648 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Brookhaven

    This 0.63-acre lot is located on the highly desirable 27-acre Silver Lake in Brookhaven. The property features 125 feet of lakefront. The existing house is a tear-down, offering the opportunity to build a custom home. Similar lots on the lake have accommodated 5000-9000 sq ft of living space, with optional swimming pools. The older dock needs replacement, pending approval from the Silver Lake Association. An optional Brittany Core membership offers access to a clubhouse, a 6-lane swimming pool, playground, 6 lighted tennis courts, a boat and canoe ramp, and hiking trails in Atlanta's first bird sanctuary. The tennis courts are often used by ALTA and USTA tennis teams. The location is minutes from Whole Foods, Publix, and Kroger, as well as Costco and Brookhaven's restaurants. Buckhead's shopping at Phipps Plaza/Saks 5th Ave and Lenox/Neiman Marcus are nearby, as are Peachtree Golf Club and Historic Brookhaven Capital City Club. Hospitals such as Northside, Emory St. Joes, and Scottish Rite are also in close proximity. Public schools including Montgomery and Chamblee Charter have high ratings. Private schools such as St. Pius, St. Martins, Marist and OLA are also accessible. Bus stop pickup locations are available for Woodward Academy and Wesleyan School. The Brookhaven MARTA station provides access to Hartsfield-Jackson Atlanta International Airport. Peachtree Dekalb Airport is also conveniently located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.333205
    Latitude
    33.887269

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime 0.63-acre lot on Silver Lake.
    Where is this residential land & home lot located?
    The property is located at 1359 Ragley Hall Rd NE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Prime .63 acre lakefront lot on highly desirable Silver Lake with **125 feet of lake frontage.**; - Opportunity to build a custom home with potential for **5000-9000 sq ft of living space** and optional swimming pool.; - Optional Brittany Core Membership with access to clubhouse, swimming pool, tennis courts, boat ramp, playground, and hiking trails.
    (404) 388-6521
    Request Owner's contact information
    1359 Ragley Hall Rd NE Atlanta, GA 30319
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    Atlanta, GA 30319
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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
    1359 Ragley Hall Rd NE Atlanta, GA 30319
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    We can help!
    Listing Contact
    TROY WELLS
    TROY WELLS
    (404) 388-6521
    Learn more
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