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    Prime Atlanta Redevelopment Opportunity Title is generated by Realmo AI

    226 Northside Drive SW, Atlanta, GA 30313

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    Claim this Listing
    For Sale
    $550,000

    Commercial - Atlanta, GA

    Property size:
    600 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $916/SF
    Added:
    Jan 28, 2026
    Days on Market:
    119
    Last Refresh:
    May 27 at 7:06 pm

    Property Features for 226 Northside Drive SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    600 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1962
    Flooring type
    Hardwood
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Rosheata McClain
    Rosheata McClain

    Listing agent Rosheata McClain

    Listing office Buckhead Office 3744 Roswell Rd NE, Atlanta, GA

    Listing date Jan 28, 2026

    MLS# 10680585 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime redevelopment site on Northside Drive, offering significant branding and exposure.
    • MRC‑3 zoning provides flexible mixed‑use development options.
    • Excellent access to major transportation arteries and proximity to Downtown Atlanta.
    • Located within a rapidly growing area surrounded by major developments.
    • 8,324 square‑foot parcel suitable for ground‑up development or adaptive reuse.
    • Close proximity to the Castleberry Hill Arts District.

    Overview

    This prime redevelopment site, situated along one of Atlanta's high-visibility corridors, presents an opportunity to create a legacy project. The freestanding property offers accessibility, exposure, and creative potential, located minutes from Downtown Atlanta, the I-75/85 Connector, and I-20. The 8,324 square-foot parcel is zoned MRC-3, allowing for multiple development pathways, including ground-level retail, culinary destinations, boutique lodging, loft-style residential, creative office space, or integrated live-work spaces. Developers have the freedom to shape high-density design concepts that align with market evolution and maximize visibility and returns. Positioned along Northside Drive with frontage and high daily traffic, the site offers branding and exposure opportunities. The location is surrounded by developments such as Mercedes-Benz Stadium, State Farm Arena, Centennial Yards, and the Castleberry Hill Arts District. The nearby Castleberry community attracts local artists, entrepreneurs, and creatives. The westside and Downtown core are undergoing reinvention, marked by investment and infrastructure improvements. This creates fertile ground for ground-up development or adaptive reuse. The site has interstate access, walkability to entertainment and employment hubs, and adjacency to venues. Envision this property as a blank canvas within Atlanta's gallery of innovation. It is suited for boutique multifamily, mixed-use development, freestanding retail or office, live/work concepts, or adaptive reuse projects. The lot size is approximately 0.193 acres and the property size is 600 square feet. Buyer to verify development standards with the City of Atlanta.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dat Fire Jerk ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.404687
    Latitude
    33.748223

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility site ideal for mixed-use or adaptive reuse development.
    Where is this mixed-use property located?
    The property is located at 226 Northside Drive SW Atlanta, GA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime redevelopment site on Northside Drive, offering significant branding and exposure.; MRC‑3 zoning provides flexible mixed‑use development options.; Excellent access to major transportation arteries and proximity to Downtown Atlanta.
    (770) 294-7385
    We can help!
    Listing Contact
    Rosheata McClain
    Rosheata McClain
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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.

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