Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Unit Condo in Smyrna Title is generated by Realmo AI

    4810 Ivy Ridge Drive SE #204, Smyrna, GA 30339

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $335,000

    Well-maintained 2-bedroom condo with resort-style amenities and convenient location.

    Type:Condominium
    Property size:
    1,630 SF
    Price / SF:
    $205/SF
    Added:
    Jul 12, 2025
    Days on Market:
    314
    Last Refresh:
    May 19 at 10:32 pm

    Property Features for 4810 Ivy Ridge Drive SE #204

    General Information

    Standard status
    Active
    Size
    1,630 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    First MLS

    Listing agent First MLS

    Listing office Atlanta Communities

    Listing date Jul 12, 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 Atlanta Communities

    HighLights

    • Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.
    • Prime location: minutes from Truist Park, Vinings, and I‑285 access.
    • Oversized primary suite: double vanity, soaking tub with shower, walk‑in closet.
    • First‑floor corner unit: light‑filled, open‑concept layout.
    • Large private deck for outdoor enjoyment.
    • In‑unit washer and dryer, reserved parking, and private storage unit.

    Overview

    This beautifully maintained corner unit is located on the first floor of Olde Ivy. The light-filled condo features an open-concept layout with granite countertops, built-in bookshelves, and a fireplace. The oversized primary suite includes a double vanity, a soaking tub with shower, and a walk-in closet. A large private deck is also included. The unit also features an in-unit washer and dryer, a reserved parking spot in the deck, and a private storage unit. Please note that there is no refrigerator. Olde Ivy is a gated community with amenities including a pool, clubhouse, fitness center, and landscaped walking trails. The HOA hosts monthly social events. The property is located minutes from Truist Park and the heart of Vinings, with access to I-285.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Smyrna
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4633
    Latitude
    33.8691

    Nearby Similar for Sale

    • $875,000
      3,040 SF

      Smyrna Office Property Investment

      Fully leased office property in Smyrna, GA with stable income.
      1326 Concord Road SE, Smyrna, GA 30080
      View Details
    • $625,000
      1,499 SF

      Vinings Office Suite Investment

      Turnkey office suite in Ivy Walk with stable income.
      1675 Cumberland Parkway, Smyrna, GA 30080
      View Details
    • $1,350,000
      6,017 SF

      Smyrna Retail Portfolio For Sale

      Two-property retail portfolio in Smyrna, GA with redevelopment potential.
      560 Windy Hill Road SE, Smyrna, GA 30080
      View Details
    • $225,500
      1,360 SF

      Smyrna Commercial Property on Atlanta Road

      High-visibility commercial property with redevelopment potential in Smyrna, Georgia.
      1718 Atlanta Road SE, Smyrna, GA 30080
      View Details
    • $1,240,000
      2,753 SF

      Vinings Mixed-Use Investment Opportunity

      Retail/office condo in Ivy Walk village, suitable for various businesses.
      1675 Cumberland Parkway SE, Smyrna, GA 30080
      View Details
    • $1,400,000
      4,300 SF

      Smyrna Retail/Office Building For Sale

      4,302 SF retail/office building in prime Smyrna location.
      1154 Concord Road SE, Smyrna, GA 30080
      View Details
    • $379,900
      1,075 SF

      Smyrna Renovated Commercial Opportunity

      Renovated Smyrna property suitable for residential, investment, or business.
      1651 Donna Lynn Drive, Smyrna, GA 30080
      View Details
    • $900,000

      Smyrna Quadplex Investment Opportunity

      Quadplex in Smyrna with income potential and convenient location.
      4030 Hawthorne Circle SE, Smyrna, GA 30080
      View Details
    • $379,900
      1,075 SF

      Smyrna Renovated Commercial Property

      Fully renovated Smyrna property with development potential near Atlanta.
      1651 Donna Lynn Drive, Smyrna, GA 30080
      View Details
    • $875,000

      COMMERCIAL - Smyrna, GA

      1326 Concord Road SE, Smyrna, GA 30080
      View Details
    • $339,900

      Smyrna Duplex Investment Opportunity

      Duplex in prime location, ideal for renovation and rental income.
      2027 Cooper Lake SE Drive, Smyrna, GA 30080
      View Details
    • Contact for pricing

      Smyrna Single Tenant Building

      Single tenant building on 2.15 acres in Smyrna, GA.
      2080 Atlanta Rd, Smyrna, GA 30084
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
    Where is this apartment building located?
    The property is located at 4810 Ivy Ridge Drive SE #204 Smyrna, GA.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.; Prime location: minutes from Truist Park, Vinings, and I‑285 access.; **Oversized primary suite**: double vanity, soaking tub with shower, walk‑in closet.
    (404) 918-8752
    We can help!
    Listing Contact
    First MLS
    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
    4810 Ivy Ridge Drive SE #204, Smyrna, GA 30339
    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!