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    2870 Court South Pharr Rd NW, Unit 1102 Atlanta, GA 30305

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    For Sale
    $235,000

    Well-maintained condo in vibrant Buckhead with city views and amenities.

    Lot size:
    0.03 Acres

    Property Features for 2870 Court South Pharr Rd NW

    General Information

    Standard status
    Active
    Lot size
    0.03 Acres
    Exterior features
    Cable Available, High Speed Internet, Concrete
    Interior features
    Cable Ready, Ceiling Fan(s), Central, Central Air, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Judith A Bell
    Source: Kw

    Listing Agency: BILL DUDLEY & ASSOCIATES REAL ESTATE, INC Listing Agent: Judith A Bell

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

    Learn more

    Property Insight Report

    Overview

    Buckhead Condo with City Views

    Located in the heart of Buckhead, this 1-bedroom, 1-bath condo is situated on the 11th floor of The Concorde, a 30-story high-rise. The kitchen features stainless steel appliances including a stove, microwave, refrigerator with ice maker, dishwasher, and garbage disposal, along with a pass-through opening to the dining area. The living room offers city views through floor-to-ceiling windows. There is space suitable for an office, meditation, or yoga area. Connections for a stackable washer and ventless dryer are available next to the utility closet, which can alternatively be used as a food pantry. The bathroom includes modern tile floors and walls, a spacious shower with a bench seat, a stylish vanity, and built-in shelving. A customized bedroom closet and an additional hall walk-in closet provide storage. The Concorde provides 24-hour concierge service, secured entry with key fob access, a fitness center, pool with grilling area, tennis courts, business center, meeting room, dog walk, and private storage locker. On-site laundry facilities are available via an app providing machine availability and laundry completion alerts. The property includes a secured parking deck with two designated parking spaces and a private gate for walking access to nearby amenities such as Publix and Barnes & Noble. This location offers proximity to dining, shopping, and entertainment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royale Palm Cigar ... Industrial Manufacturer The Concorde Condominium Condominium Complex Aenergia Corporate Office SbyK Cinema US National Rankings Advertising Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3867827
    Latitude
    33.83491

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    FAQs

    What type of property is this?
    High-rise multifamily apartment - Well-maintained condo in vibrant Buckhead with city views and amenities.
    Where is this high-rise multifamily apartment located?
    The property is located at 2870 Court South Pharr Rd NW, Unit 1102 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Prime Buckhead location: Minutes from world-class dining, shopping, and entertainment with easy walking access to Publix and other local shops.; - Comprehensive Amenities: Enjoy the 24-hour concierge, fitness center, pool with grilling area, tennis courts, business center, dog walk, and private storage locker.; - Secure and Convenient Living: Secured entry with key fob access, secured parking deck with two designated parking spaces, and on-site laundry facilities.
    (540) 860-2100
    Request Owner's contact information
    2870 Court South Pharr Rd NW, Unit 1102 Atlanta, GA 30305
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    Atlanta, GA 30305
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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
    2870 Court South Pharr Rd NW, Unit 1102 Atlanta, GA 30305
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    We can help!
    Listing Contact
    Judith A Bell
    Real Estate License ID: 0225149519
    (540) 860-2100 (800) 848-7355 (540) 743-4663
    Learn more
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