Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Outparcels for Ground Lease Title is generated by Realmo AI

    3811 Wally Park Way, College Park, GA 30337

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Five retail outparcels available for ground lease near Hartsfield-Jackson Airport.

    Type:Land
    Property size:
    6 SF
    Added:
    Nov 22, 2025
    Days on Market:
    180
    Last Refresh:
    May 19 at 11:34 pm

    Property Features for 3811 Wally Park Way

    General Information

    Standard status
    Active
    Size
    6 SF
    Property subtype
    Land

    Spaces For Lease

    at 3811 Wally Park Way Contact us

    We can help!

    Listing Contact
    Tony Cerniglia

    Listing agent Tony Cerniglia

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Tony Cerniglia

    HighLights

    • High Traffic Location: Approx One Million Wally Park visitors annually and 11m visitors annually to surrounding Park n Ride.
    • Excellent Access: Pad Ready with excellent visibility and quick access to I‑75/85 and I‑285.
    • Proximity to Hartsfield‑Jackson Airport: World’s busiest airport with 100 million+ annual passengers.
    • Commercial Zoning: Suitable for various retail developments.
    • Five Retail Outparcels: Ground Lease options available.
    • Proximity to Hotels: Within 3 miles of 50+ hotels.

    Overview

    Five retail outparcels are available for ground lease. The sites are pad ready and feature commercial zoning, with visibility and access. The location provides quick access to I-75/85 and I-285. Approximately one million visitors annually visit Wally Park, and approximately 11 million visitors annually use the surrounding Park n Ride. The property is in close proximity to Hartsfield-Jackson Airport, which is the world’s busiest airport with over 100 million annual passengers and Georgia’s largest employer with 63,000 onsite daily. The property is within 3 miles of over 50 hotels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    College Park
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4493
    Latitude
    33.6406

    Nearby Similar for Lease

    • $1,500/Mo
      133,136 SF

      Aerotropolis Commercial Space for Rent

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Convention Center Concourse, College Park, GA 30337
      View Details
    • $1,200/Mo
      133,136 SF

      Aerotropolis Center Commercial Space

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Convention Center Concourse, College Park, GA 30337
      View Details
    • $27 SF/Yr
      51,272 SF

      Class A Office Near Airport

      Premier office building with airport access and hotel amenities.
      4130 Skytrain Way, College Park, GA, 30337
      View Details
    • $15 SF/Yr
      27,556 SF

      Phoenix Parkway Office Space Available

      Office space available for lease in College Park, Georgia.
      1688 Phoenix Parkway, College Park, GA, 30349
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in College Park, GA.
      2300 Camp Creek Parkway, College Park, GA 30337
      View Details
    • Contact for pricing
      5,900 SF

      College Park Restaurant Space Available

      Two-story restaurant space with deck and retractable roof.
      1650 Virginia Ave, College Park, GA 30337
      View Details
    • Contact for pricing

      Industrial Property on Old National

      Industrial property for rent with highway frontage and signage.
      4901 Old National Hwy, College Park, GA 30337
      View Details
    • Contact for pricing
      7,694 SF

      Industrial Space Near Airport

      Industrial property with immediate access to major transportation routes.
      4820 Clark Howell Hwy, College Park, GA
      View Details
    • Contact for pricing

      Office Space Near Airport

      Office space available in College Park near the airport.
      2523 Roosevelt Hwy, College Park, GA 30337
      View Details
    • Contact for pricing
      93,084 SF

      Class A Office Space Available

      Professional office environment with convenient access to major highways.
      4751 Best Rd, College Park, GA 30337
      View Details

    FAQs

    What type of property is this?
    Commercial land - Five retail outparcels available for ground lease near Hartsfield-Jackson Airport.
    Where is this commercial land located?
    The property is located at 3811 Wally Park Way College Park, GA.
    What are key features of this property?
    This property features: High Traffic Location: Approx One Million Wally Park visitors annually and 11m visitors annually to surrounding Park n Ride.; Excellent Access: Pad Ready with excellent visibility and quick access to I‑75/85 and I‑285.; Proximity to Hartsfield‑Jackson Airport: World’s busiest airport with 100 million+ annual passengers.
    (404) 923-1312
    We can help!
    Listing Contact
    Tony Cerniglia
    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

    Thank You for Inquiry
    3811 Wally Park Way, College Park, GA, 30337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!