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    2762 River Road Ellenwood, GA 30294

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    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $1,400,000

    1.3 AC Land For Sale

    Property size:
    56,628 SF

    Property Features for 2762 River Road

    General Information

    Property type
    Other land
    Square Feet
    56,628 SF
    Price / Square Foot
    $24
    Elevators
    N/A
    Lot Size
    56,628 SF

    Overview

    Prime Corner Lot in Ellenwood

    This 1.3-acre corner lot, zoned C1, is situated in a rapidly growing area of Decatur/Ellenwood, Georgia, offering convenient access to Atlanta's key business hubs and corporate centers. The location is near the Atlanta Downtown and Airport, Arabia Mountain National Heritage Area, Stone Mountain Park, and Sugar Creek Golf Course. The property is ideal for retail development and presents an assemblage opportunity with an adjoining 0.44-acre lot, also zoned C1. The commercially zoned land benefits from a prime intersection location and features 190 feet of high-visibility corner street frontage, providing excellent access and exposure. The additional 0.44-acre parcel offers 291 feet of street frontage, further expanding development potential. The property is approximately 1 mile from Cedar Grove Elementary and High School.

    We can help!

    Listing Contact
    Lance Hammonds

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellenwood
    State
    Georgia
    Longitude
    -84.27882
    Latitude
    33.674078

    Nearby Comparable

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      Decatur Commercial Land Parcel

      1-Acre commercial land parcel zoned for diverse development opportunities.
      3666 Panthersville Rd, Decatur, GA 30034
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      Decatur Commercial Land For Sale

      1-Acre commercial land parcel zoned C-1 with 210 feet of road frontage.
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    • $600,000
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      Prime Commercial Land in Decatur

      2.87-acre commercial land parcel zoned C-1 with high development potential.
      3648 Panthersville Rd, Decatur, GA 30034
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    • $600,000
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      Prime Commercial Land Opportunity

      2.88-acre commercial land parcel in Decatur, GA, zoned C-1.
      3648 Panthersville Rd, Decatur, GA 30034
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    • $800,000
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      Undeveloped Land in Dekalb County

      6.32-acre parcel with road frontage, suitable for diverse development.
      3632 Panthersville Rd, Decatur, GA 30034
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    Nearby Similar for Sale

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      Ellenwood Commercial Building Opportunity

      Historic Bank Building, High Potential
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    • $350,000
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      Grant Road Industrial Land

      Vacant 125K SF lot, ideal development
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    • $1,500,000
      42,944 SF

      Ellenwood Campus: 34,580 SF

      Large church/school campus, 6.8 acres, recent upgrades.
      4851 River Rd, Ellenwood, GA 30294
      View Details
    • $3,700,000
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      Ellenwood Industrial Complex

      39,000 SF Warehouse, Owner/User
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    FAQs

    What type of property is this?
    Land - 1.3 AC Land For Sale
    Where is this land located?
    The property is located at 2762 River Road Ellenwood, GA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (678) 320-4800
    Request Owner's contact information
    2762 River Road Ellenwood, GA 30294
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    Ellenwood, GA 30294
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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
    2762 River Road Ellenwood, GA 30294
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    We can help!
    Listing Contact
    Lance Hammonds
    (678) 320-4800
    Learn more
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