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    Edgewood Loft with Modern Luxury Title is generated by Realmo AI

    1221 Caroline Street NE #201, Atlanta, GA 30307

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    For Sale
    $288,500

    Well-maintained loft in vibrant Edgewood, near Beltline and MARTA.

    Type:Condominium
    Lot size:
    0.02 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    200
    Last Refresh:
    May 19 at 11:47 pm

    Property Features for 1221 Caroline Street NE #201

    General Information

    Standard status
    Active
    Lot size
    0.02 Acres
    Property subtype
    Condominium

    Building Details

    Year Built
    2006

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    Listing Contact
    First MLS

    Listing agent First MLS

    Listing office Ansley Real Estate| Christie's International Real Estate

    Listing date Nov 6, 2025

    Source Kw

    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 Ansley Real Estate| Christie's International Real Estate

    HighLights

    • Prime location in the vibrant Edgewood Retail District, near the Atlanta Beltline and Inman Park MARTA station.
    • Open concept loft with soaring two‑story windows providing abundant natural light.
    • Modern kitchen featuring granite countertops, dark cabinets, and premium stainless steel appliances.
    • Secured garage parking with deeded parking space and ample guest parking.
    • Climate‑controlled, oversized storage unit located steps from the home.
    • Loft‑style bedroom with a large walk‑in closet and an elegant full bath featuring stone countertops, a separate tub, and a walk‑in shower.

    Overview

    This well-maintained, open concept contemporary loft is located in the vibrant Edgewood Retail District, blocks from the Atlanta Beltline and the Inman Park MARTA station. Situated in a small boutique building, this property offers a blend of modern luxury and urban convenience. The expansive open floor plan features soaring two-story windows that fill the space with natural light. The contemporary kitchen includes granite countertops, dark cabinets, premium stainless steel appliances, and a stylish breakfast bar. The seamless flow between the kitchen, dining, and living areas, featuring hardwood floors, enhances the home’s sophisticated and modern feel. A half bath is located on the main level. Upstairs, the open loft-style bedroom includes a large walk-in closet, and an elegant full bath with stone countertops and a separate tub and walk-in shower. The location provides access to restaurants, boutique shopping, and entertainment. Secured garage parking is available with a deeded parking space, along with guest parking options. A private, interior hallway entrance ensures security and exclusivity, while a climate controlled, oversized storage unit is located steps away from the home. This loft is suitable as a first time purchase.
    Location Intelligence

    Current Use by Public Records

    Shane's Rib Shack Take-out & Catering Smoothie King Specialty Food Shop Extreme Teriyaki Grill ... Restaurant Mattress Firm Edgewood Furniture & Home Goods Subway Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -84.348591
    Latitude
    33.7582992

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained loft in vibrant Edgewood, near Beltline and MARTA.
    Where is this apartment building located?
    The property is located at 1221 Caroline Street NE #201 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $288,500.
    What are key features of this property?
    This property features: Prime location in the vibrant Edgewood Retail District, near the Atlanta Beltline and Inman Park MARTA station.; **Open concept loft with soaring two‑story windows providing abundant natural light.**; Modern kitchen featuring granite countertops, dark cabinets, and premium stainless steel appliances.
    (404) 664-3436
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    First MLS
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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.

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