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    Retail Space Near Walmart Title is generated by Realmo AI

    2517 Gresham Road SE, Atlanta, GA 30316

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    Claim this Listing
    For Sale
    Under Contract
    $450,000

    COMMERCIAL - Atlanta, GA

    Type:Retail
    Lot size:
    1.01 Acres
    Added:
    Feb 10, 2025
    Days on Market:
    480
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 2517 Gresham Road SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking
    50
    Parking features
    Parking Lot
    Standard status
    Active Under Contract
    APN
    15 116 11 004
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3221

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Sandy Hippeli
    Sandy Hippeli

    Listing agent Sandy Hippeli License #363900

    Listing office Keller Williams Realty Atl. Partners 3325 Paddocks Pkwy, Ste190, Suwanee, GA

    Listing date Feb 10, 2025

    MLS# 10456835

    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

    • High‑visibility location off major highway exits (Exit #63 westbound and #62 eastbound) and near Walmart Supercenter.
    • 3420 sqft retail space currently divided into two units, offering flexibility.
    • Ample parking available for customers and employees.
    • End unit with additional property for storage or equipment.
    • Recently updated interior with painted walls and polished concrete floors.
    • Four finished bathrooms and updated HVAC units.

    Overview

    This retail space, totaling 3420 square feet, is located near Exit #63 westbound and #62 eastbound, and is situated 0.4 miles from a Walmart Supercenter. The property is currently divided into two spaces, with floor plans available. It features ample parking and is an end unit, offering the potential to build a fence and store work trucks or equipment on the side of the building. The interior has been recently updated with paint and polished concrete floors. There are a total of four finished bathrooms and updated HVAC units. The property offers great street visibility with an average daily traffic count of 16,400. The lot size is 1.005 acres, located in Atlanta, GA.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Palace Salon and Barbershop Hair Salon The Fade Lounge & Salon Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.311585
    Latitude
    33.714839

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and updated interiors for sale.
    Where is this retail space located?
    The property is located at 2517 Gresham Road SE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑visibility location off major highway exits (Exit #63 westbound and #62 eastbound) and near Walmart Supercenter.; 3420 sqft retail space currently divided into two units, offering flexibility.; Ample parking available for customers and employees.
    (770) 364-2827
    We can help!
    Listing Contact
    Sandy Hippeli
    Sandy Hippeli
    Real Estate License ID: 363900
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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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