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    Half-Acre Lot Ideal for Parking Title is generated by Realmo AI

    2342 Bolton Road NW, Atlanta, GA 30318

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    Claim this Listing
    For Lease
    $2,500 /Mo

    COMMERCIAL - Atlanta, GA

    Lot size:
    0.50 Acres
    Added:
    Feb 1, 2024
    Days on Market:
    828
    Last Refresh:
    May 9 at 12:06 am

    Property Features for 2342 Bolton Road NW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    15
    Parking features
    Parking Lot, Secured
    Fencing
    Chain Link
    Standard status
    Active
    APN
    17 024400010629
    Lot size
    0.50 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Keith Sharp
    Keith Sharp

    Listing agent Keith Sharp License #176306

    Listing office Keller Williams Realty Buckhead 3650 Habersham Road, NW, Atlanta, GA

    Listing date Feb 1, 2024

    MLS# 10248105

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

    HighLights

    • Half‑acre lot with secure fencing, ideal for parking or storage.
    • Commercial C1 zoning allows for various business uses like HVAC, plumbing, towing, and auto overflow.
    • Landlord willing to refresh gravel based on tenant needs.
    • Suitable for box trucks, fleets, smaller shipping containers, cargo vans, or passenger vehicles.
    • Option to lease adjacent office/retail space to complement the parking facility.
    • Structure on property can be used for storage or improved with full build‑out.

    Overview

    This half-acre lot is available for rent and is ideally suited for secure, fenced parking or use as a storage yard. Zoned commercial C1, suggested uses include parking for small HVAC, plumbing, or electrical companies, a holding yard for towing or repo businesses, or overflow for auto dealers and body shops. A secure fence is already in place. The landlord is willing to refresh the gravel depending on the tenant's needs. The property is well-suited for box trucks, fleets, smaller shipping containers, cargo vans, or passenger vehicles. Note that the property is not suited for semi-trucks. There is a structure on the property that is currently used for storage, but it could be improved with a full build-out and added to the lease. For tenants needing office space, options are available next door. A separate parcel and structure with commercial C1 zoning is available and ideal for office or retail use. Tenants can take the entire space or utilize a portion of the structure for office, reception, and bathroom to complement the parking facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 4060 M.L.K. Jr Dr SW, Atlanta, GA 30336
    • U-Haul Neighborhood Dealer — 3657 M.L.K. Jr Dr SW, Atlanta, GA 30331
    • Go Rentals — 3948 Aviation Cir NW, Atlanta, GA 30336
    • Hertz — 3948 Aviation Cir NW, Atlanta, GA 30336

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.461539
    Latitude
    33.819884

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    FAQs

    What type of property is this?
    Parking lot & garage - Half-acre lot for secure parking or storage in Atlanta.
    Where is this parking lot & garage located?
    The property is located at 2342 Bolton Road NW Atlanta, GA.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Half‑acre lot with secure fencing, ideal for parking or storage.; Commercial C1 zoning allows for various business uses like HVAC, plumbing, towing, and auto overflow.; Landlord willing to refresh gravel based on tenant needs.
    (678) 778-8774
    We can help!
    Listing Contact
    Keith Sharp
    Keith Sharp
    Real Estate License ID: 176306
    Learn More
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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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