Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Level Lot in Northwest Atlanta Title is generated by Realmo AI

    2047 Joseph E Boone Boulevard NW, Atlanta, GA 30314

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Atlanta, GA

    Type:Single Family Residence
    Lot size:
    0.17 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    62
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 2047 Joseph E Boone Boulevard NW

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R5
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1967

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Kimberly Wallace

    Listing agent Kimberly Wallace License #407031

    Listing office Keller Williams Realty Cityside 3350 Atlanta Road, Smyrna, GA

    Listing date Mar 16, 2026

    MLS# 7735832 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.

    HighLights

    • Level lot in Northwest Atlanta, ready for new construction.
    • High potential for appreciation in a rapidly developing area.
    • Convenient access to I‑20 and I‑285.
    • Surrounded by renovated homes (selling in the $200s-$300s) and new construction (reaching the $400s).
    • Blank canvas to design and build a custom home.
    • Located in a community experiencing strong demand.

    Overview

    This level lot, situated in Northwest Atlanta, presents an opportunity for development. The site is located in an area experiencing growth and redevelopment, with renovated homes selling from the $200,000s to the mid-$300,000s and new construction reaching the $400,000s. The existing structure on the 0.172-acre parcel is suitable for demolition, providing a blank canvas for designing and building a custom home. The property benefits from its convenient location with quick access to I-20 and I-285. This location offers an opportunity to invest and build in a thriving neighborhood within Atlanta, Fulton County, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.454451
    Latitude
    33.763897

    Nearby Similar for Sale

    • $434,900
      2,950 SF

      Lakewood Commercial Building with Vacant Lot

      Two-parcel commercial property in Atlanta's growing Lakewood submarket.
      1657 Lakewood Avenue SE, Atlanta, GA 30315
      View Details
    • $590,000
      2,868 SF

      Atlanta Commercial Property Renovation Opportunity

      High-visibility commercial property in Southwest Atlanta, ideal for retail.
      2065 Campbellton Road SW, Atlanta, GA 30311
      View Details
    • $450,000
      2,157 SF

      Atlanta Office Building For Sale

      2,157 SF office building in a growing West Atlanta corridor.
      3080 Campbellton Road SW, Atlanta, GA 30311
      View Details
    • $799,000
      2,304 SF

      Commercial Building in Atlanta, GA

      Freestanding commercial building suitable for medical, retail, or office use.
      3296 Northcrest Road, Atlanta, GA 30340
      View Details
    • $549,997

      Free Standing Retail Building Opportunity

      Retail/office building with high visibility, development potential in growing Atlanta.
      638 Dill AVE SW, Atlanta, GA 30310
      View Details
    • $579,900

      Turnkey Salon Suites in Atlanta

      Fully renovated commercial property with salon suites in Jefferson Park.
      1469 Wadley Avenue, Atlanta, GA 30344
      View Details
    • $598,000
      2,742 SF

      Craftsman Farmhouse in Hampton Preserve

      Stunning Craftsman Farmhouse in Atlanta's Hampton Preserve neighborhood.
      2430 Rose Mill Court SW, Atlanta, GA 30311
      View Details
    • $549,997
      4,829 SF

      Free Standing Retail Building Atlanta

      Free standing retail building in growing SW Atlanta area.
      638 Dill Avenue SW, Atlanta, GA 30310
      View Details
    • $1,400,000
      6,048 SF

      Multi-Tenant Office Investment Opportunity

      Two Atlanta office buildings, 90% occupied, high-yield investment.
      2692 Harris Street, Atlanta, GA 30344
      View Details
    • $499,500
      1,120 SF

      Freestanding Retail/Restaurant Opportunity on Memorial Drive

      Versatile commercial building in high-traffic Atlanta corridor, ideal for retail/restaurant.
      1615 Memorial Drive SE, Atlanta, GA 30317
      View Details
    • $699,000
      4,525 SF

      Church Building in Strategic Location

      Church building for sale in a strategic location.
      2957 Glenwood Avenue SE, Atlanta, GA 30317
      View Details
    • $1,000,000
      1,822 SF

      Peachtree Street Retail Condo

      Retail condo in high-traffic area near Woodruff Park.
      32 Peachtree Street NW, Atlanta, GA 30303
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime lot for custom home in thriving Atlanta neighborhood.
    Where is this residential land & home lot located?
    The property is located at 2047 Joseph E Boone Boulevard NW Atlanta, GA.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Level lot in Northwest Atlanta, ready for new construction.; High potential for appreciation in a rapidly developing area.; Convenient access to I‑20 and I‑285.
    (770) 874-6200
    We can help!
    Listing Contact
    Kimberly Wallace
    Real Estate License ID: 407031
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2047 Joseph E Boone Boulevard NW, Atlanta, GA 30314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!