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

    4398 King Vly 3-5 Dr SE Smyrna, GA 30082

    View on Map
    Sponsored
    For Sale
    $350,000

    LAND - Smyrna, GA

    Lot size:
    0.55 Acres
    Days on Market:
    31
    Last Refresh:
    Mar 22 at 7:06 pm

    Property Features for 4398 King Vly 3-5 Dr SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush
    Zoning
    R3
    APN
    17046000130
    Lot size
    0.55 Acres

    We can help!

    Listing Contact
    TERRIE R MCDANIEL

    First Option Realty

    Listing agent TERRIE R MCDANIEL

    Listing date Feb 19, 2026

    MLS# 7645492

    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.

    Learn more

    Property Insight Report

    Overview

    Smyrna Land for Custom Home

    This land is located in a classic, desirable area of Smyrna, Georgia, situated between Reed Road and Cooper Lake. The property offers a park-like setting maintained by the owner. The listing is for Lot 3, which is believed to be slightly over 0.5 acres. Zoned residential, the property will require a septic system, but other utilities should be readily available. A perc test has been performed and the results are documented. There is an option to purchase adjoining lots, each also slightly over 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Smyrna
    County
    Cobb
    State
    Georgia
    Longitude
    -84.524633
    Latitude
    33.84692

    Nearby Similar for Sale

    • $450,000
      0.20 Acres

      Smyrna Commercial Property For Sale

      High-visibility commercial property in Smyrna, suitable for various business uses.
      5211 Oakdale Rd SE, Smyrna, GA 30082
      View Details
    • $1,400,000
      4,300 SF

      Smyrna Retail/Office Building For Sale

      4,302 SF retail/office building in prime Smyrna location.
      1154 Concord Rd SE, Smyrna, GA 30080
      View Details
    • $1,350,000
      6,017 SF

      Smyrna Retail Portfolio For Sale

      Two-property retail portfolio in Smyrna, GA with redevelopment potential.
      560 Windy Hill Rd SE, Smyrna, GA 30080
      View Details
    • $399,000
      0.28 Acres

      Smyrna Duplex Investment Opportunity

      Duplex in prime Smyrna location with tenants in place.
      1448 S Diane Ct SE, Smyrna, GA 30080
      View Details
    • $425,000
      1,075 SF

      Smyrna Renovated Property with Development Potential

      Renovated Smyrna property on level lot with future development potential.
      1651 Donna Lynn Dr, Smyrna, GA 30080
      View Details
    • $425,000
      1,075 SF

      Smyrna Renovated Mixed-Use Property

      Fully renovated property in Smyrna, suitable for residential or commercial use.
      1651 Donna Lynn Dr, Smyrna, GA 30080
      View Details
    • $400,000
      0.30 Acres

      Renovated Duplex in Smyrna, GA

      Recently renovated 5-bedroom duplex with private entrances and fenced yards.
      2145 Valley Oaks Dr SE, Smyrna, GA 30080
      View Details
    • $400,000
      0.30 Acres

      Renovated Duplex in Smyrna

      Recently renovated 5-bedroom duplex with private entrances and fenced yards.
      2145 Valley Oaks Dr SE, Smyrna, GA 30080
      View Details
    • $1,240,000
      2,753 SF

      Vinings Village Retail/Office Condo

      Mixed-use condo in affluent Vinings, ideal for retail/office.
      1675 203, Smyrna, GA 30080
      View Details
    • $1,100,000
      0.29 Acres

      Smyrna Quadplex Investment Opportunity

      Income-producing quadplex in desirable Smyrna location near downtown.
      3001 Hawthorne Pl SE, Smyrna, GA 30080
      View Details
    • $339,900
      0.40 Acres

      Smyrna Duplex Investment Opportunity

      Duplex in prime location, ideal for renovation and rental income.
      2027 Cooper Lake Dr SE, Smyrna, GA 30080
      View Details
    • $339,900
      Pending

      Smyrna Duplex Investment Opportunity

      Duplex in prime location, ready for renovation and rental income.
      2027 Cooper Lake Dr SE, Smyrna, GA 30080
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Desirable Smyrna location to build a custom home.
    Where is this residential land & home lot located?
    The property is located at 4398 King Vly 3-5 Dr SE Smyrna, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Desirable Smyrna location between Reed Road and Cooper Lake.; - Beautiful, maintained, park-like setting.; - Lot size slightly over 1/2 acre.
    (404) 408-6861
    Request Owner's contact information
    4398 King Vly 3-5 Dr SE Smyrna, GA 30082
    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.
    4398 King Vly 3-5 Dr SE
    Smyrna, GA 30082
    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
    4398 King Vly 3-5 Dr SE Smyrna, GA 30082
    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

    We can help!
    Listing Contact
    TERRIE R MCDANIEL
    Real Estate License ID: 173175
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!