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    7423 Mcelroy Dr, Unit Riverdale Riverdale, GA 30296

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    For Sale
    $380,000

    5.1 acres of residential/commercial land ideal for development.

    Property size:
    5 SF

    Property Features for 7423 Mcelroy Dr

    General Information

    Size
    5 SF
    Source: Cbcworldwide

    Listing Agent: Ayanna Echols

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5.1 Acre Development Opportunity

    This 5.1-acre property presents a development opportunity. Situated at the intersection of Georgia Highway 85 and Georgia Highway 138, the land is zoned for residential on commercial (GB) use. It is part of a 5.279-acre parcel assemblage that includes properties at 7471, 7423, 7471 and 7453 McElroy Road. The assemblage supports residential town home development. Note that the properties will not be subdivided for separate sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.41633
    Latitude
    33.5521707

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    FAQs

    What type of property is this?
    Land - 5.1 acres of residential/commercial land ideal for development.
    Where is this land located?
    The property is located at 7423 Mcelroy Dr, Unit Riverdale Riverdale, GA.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of Ga. Hwy 85 and Ga. Hwy 138.; - 5.279 acre parcel assemblage suitable for residential town home development.; - The 5.1-acre footprint is ideal for a transformative project.
    (404) 563-0508
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    Realmo Value Estimation

    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.

    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.

    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
    7423 Mcelroy Dr, Unit Riverdale Riverdale, GA 30296
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