Building Details

Year Built 1952

Year Renovated 2020

Buildings 1

Stories 1

Units 1

Listing Agency: Keller Williams Commercial

Listed By: Imran Ahmad · License #379103 Show Phone

Source: Crexi

Added: Mar 24 Changed: Oct 6 Last Checked: Oct 12 at 8:59PM

Report an Issue

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 Keller Williams Commercial

Investment Insights

Based on property information with market context.

This 2,895 square foot property is suitable for senior housing or healthcare purposes. It is a turnkey, low-maintenance asset with a recession-resistant use in senior care, offering built-in rent growth.

Key Highlights

• Turnkey, low‑maintenance asset
• Recession‑resistant use (senior care)
• Built‑in rent growth

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,892

Cap Rate

6.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$777,840 $777.8K

Cap Rate 7%

$555,600 $555.6K

Cap Rate 9%

$432,133 $432.1K

Market Conditions

NOI Build-Up for 2,895 SF

Gross rent

$75.4K $26.04/SF

− Vacancy

−$4.7K −$1.61/SF

EGI

$70.7K $24.43/SF

− OpEx

−$31.8K −$10.99/SF

NOI

$38.9K $13.43/SF

Area

DeKalb County, GA

Vacancy

6.20%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$777,840

Cap Rate 7%

$555,600

Cap Rate 9%

$432,133

Alternative Uses

Best Use

Apartment 5plus

$555.6K

$486.2K – $648.2K (±1% cap)

NOI $38,892 @ 7.0% cap · market cap 6.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$809.3K

$708.1K – $944.1K (±1% cap)

NOI $56,648 @ 7.0% cap · market cap 9.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Senior Housing / Retirement ...

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Auto Repair Shop Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

387

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 30341, GA

35,959

Population

15,347

Households

2.3

Avg Household Size

33

Median Age

54%

College-Educated

86%

High-School Grad

10.0 sq mi

ZIP Area

3,596

Density / Sq Mi

$81,774

Median Household Income

$55,563

Median Earnings

$1,746

Median Rent

$438,500

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this senior housing / retirement homes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Senior housing / Retirement Home - Low-maintenance senior care property with built-in rent growth.

Where is this senior housing / retirement home located?

The property is located at 3059 Nottaway Ct Chamblee, GA.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Turnkey, low‑maintenance asset; Recession‑resistant use (senior care); Built‑in rent growth