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    3248 Nancy Creek Rd NW Atlanta, GA 30327

    View on Map
    Sponsored
    For Sale
    $3,250,000

    LAND - Contemporary - Atlanta, GA

    Lot size:
    3.91 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 18 at 6:06 am

    Property Features for 3248 Nancy Creek Rd NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    R3
    Rooms
    Family Room, Den
    APN
    17 0218 LL0235
    Patio and Porch features
    Patio
    Fencing
    Chain Link
    Lot size
    3.91 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1950
    Floors in Building
    2
    Architectural style
    Contemporary

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    Listing Contact
    PRICE CURTIS
    PRICE CURTIS

    Home Real Estate (404) 216-8549

    Listing agent PRICE CURTIS (404) 583-2836

    Listing date Mar 16, 2026

    MLS# 7733588 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.

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    Property Insight Report

    Overview

    Prime Land with Mid-Century Home

    This property offers options to restore the midcentury modern home or tear it down for a building site. The contemporary home, originally constructed in 1950 as a single level mid-century modern home, sits on a 3.91 acre lot. In the 1980's a half second level primary suite with 2 glass walls overlooking the front 2 acres of the property, flowing creek and flat grass yard and woods was added. Three other nice sized bedrooms are all on the first level, including the original primary suite. The family room, dining room and kitchen on the backside of the house walk right out to a flat patio/ gardens with just a few steps up onto the pool deck. Custom gardens are imbedded in the back half of the property among natural hardwoods. There is a real (abandoned) bomb shelter hidden in the side of the hill as well. A charming guest house on site has been rented for 47 years. The topography is perfect with a flat front yard at the street with a beautiful creek starting a gentle slope up to the home site. There is a nice flat area where the current home is located now, with a walk out patio and a few steps to the pool. The gentle slope up through woods and gardens provide privacy in the middle of Buckhead's finest neighborhood with proximity to Atlanta's best schools, public and private. The property is located steps away from The Westminster campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Priscilla Wannamaker Photography Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.442139
    Latitude
    33.843494

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    FAQs

    What type of property is this?
    Residential land & home lot - 3.91 acre lot with mid-century home in Atlanta.
    Where is this residential land & home lot located?
    The property is located at 3248 Nancy Creek Rd NW Atlanta, GA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - 3.91 acre lot in prime Buckhead location, near top schools.; - Opportunity to restore mid-century modern home or build a new custom home.; - Breathtaking topography with flat front yard, flowing creek, and gentle slope to home site.
    (404) 583-2836
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    3248 Nancy Creek Rd NW Atlanta, GA 30327
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    Atlanta, GA 30327
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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
    3248 Nancy Creek Rd NW Atlanta, GA 30327
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    Listing Contact
    PRICE CURTIS
    PRICE CURTIS
    Real Estate License ID: 124030
    (404) 583-2836 (404) 233-4142 (404) 216-8549
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