Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4055 Spalding Drive Atlanta, GA 30350

    View on Map
    Claim this Listing
    Pending
    $499,000

    LAND - Atlanta, GA

    Type:Single Family Residence
    Lot size:
    1.07 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 12 at 10:06 am

    Property Features for 4055 Spalding Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R2A
    Vegetation
    Brush, Wooded
    Standard status
    Pending
    APN
    06 031200020172
    Lot size
    1.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1074

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Denise McEnaney

    Listing agent Denise McEnaney

    Listing office Atlanta Communities 4170 Ashford Dunwoody Road Suite 125, Marietta, GA

    Listing date Feb 24, 2026

    MLS# 7723328 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.

    Overview

    Sandy Springs Acreage for Development

    This property features a flat, 1.0678-acre lot located in Sandy Springs, Atlanta. The lot backs onto green space and has no flood plain issues. The property is zoned R2A. An existing home is present on the lot, but it should not be entered due to dangerous conditions. The property is being sold As Is with No Disclosures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -84.275597
    Latitude
    33.963006

    Nearby Similar for Sale

    • $799,000
      4,525 SF

      Church Building in Strategic Location

      Church building and property for sale in Atlanta, Georgia.
      2957 Glenwood Avenue SE, Atlanta, GA 30317
      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
    • $600,000
      4,829 SF

      Free-Standing Retail Building in Atlanta

      4829 SF retail building on 0.314 acres, prime location.
      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 Commercial Building on Memorial

      Versatile retail or restaurant space in high-traffic Atlanta corridor.
      1615 Memorial Drive SE, Atlanta, GA 30317
      View Details
    • $1,000,000
      1,822 SF

      Peachtree Street Retail Condo

      Retail condo zoned C-3, ideal for various retail uses.
      32 Peachtree Street NW unit: Cu2, Atlanta, GA 30303
      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 unit: Cu2, Atlanta, GA 30303
      View Details
    • $550,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      High-visibility site ideal for mixed-use or adaptive reuse development.
      226 Northside Drive SW, Atlanta, GA 30313
      View Details
    • $2,200,000
      4,250 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar in Atlanta's growing district.
      281 Peters Street SW, Atlanta, GA 30313
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional services.
      950 Dannon View SW unit: 4201, Atlanta, GA 30331
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional uses.
      950 Dannon View SW unit: 4201, Atlanta, GA 30331
      View Details
    • $499,000
      1,320 SF

      Turn-Key Atlanta BeltLine Production Suite

      Professionally soundproofed editing and production facility along the Atlanta BeltLine.
      934 Glenwood Avenue SE unit: 170, Atlanta, GA 30316
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat 1+ acre lot in Sandy Springs, backs to green space.
    Where is this residential land & home lot located?
    The property is located at 4055 Spalding Drive Atlanta, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Flat, 1+ acre lot in Sandy Springs; Deep lot backing to green space offers privacy; No flood plain issues
    (770) 240-2001
    We can help!
    Listing Contact
    Denise McEnaney
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!