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    Day Care Center Site with Concrete Slab Title is generated by Realmo AI

    5590 Mason Road, College Park, GA 30349

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    Claim this Listing
    For Sale
    $350,000

    COMMERCIAL - College Park, GA

    Property size:
    41,940 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $8/SF
    Added:
    Feb 9, 2026
    Days on Market:
    116
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 5590 Mason Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    09F260201080319
    Size
    41,940 SF
    Lot size
    0.96 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1213

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Dave Edmondson

    Listing agent Dave Edmondson License #81845

    Listing office Keller Williams Realty Atl. Partners 1200 Commerce Drive, Suite 110, Peachtree City, GA

    Listing date Feb 9, 2026

    MLS# 10692038

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former day care center previously used as a 7,200 SF facility; concrete slab is still usable after a fire
    • Year built: 2010; utilities include cable available, with public water and public sewer
    • Current zoning is R3 for a day care facility, with possibility of rezoning for townhomes
    • Location just off Hwy 29, directly across from the South Fulton Tennis Center
    • Owner will consider owner financing with $100,000 down
    • Nearby development: QuikTrip being built on the corner of Mason Road, expected completion early March 2026

    Overview

    This property was previously operated as a day care center with approximately 7,200 square feet. The facility was damaged by fire, but the concrete slab remains and the site is available for redevelopment or a new build based on your proposed use and approvals. The lot size is 0.963 acres, providing space to plan around the existing slab and site improvements.

    The property is located just off Hwy 29 in College Park, GA, in Fulton County. It is directly across from the South Fulton Tennis Center. The current zoning is R3, described as for a day care facility; the information also notes the possibility of pursuing rezoning for townhomes on the site. The remarks reference nearby access to Hartsfield-Jackson Airport, South Fulton Parkway, and I-285.

    For prospective buyers, this is a practical redevelopment opportunity where the concrete slab can potentially reduce site-start costs compared with a fully cleared lot, while the R3 zoning may support a day care concept. Alternatively, if the intended direction is residential townhome development, the property’s stated rezoning possibility would be a key item for due diligence with local authorities. Owner financing is being considered, subject to an offer with $100,000 down.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Similar Places Nearby

    • Kid’s Depot WeeCare — 4595 will lee pl sw, college park, ga 30349
    • Love & Learning Family Child Care — College Park, GA 30349

    Map

    City
    College Park
    County
    Fulton
    State
    Georgia
    Longitude
    -84.544579
    Latitude
    33.603122

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    FAQs

    What type of property is this?
    Day care center - Fire-damaged day care site with an existing concrete slab, positioned for a new use subject to zoning.
    Where is this day care center located?
    The property is located at 5590 Mason Road College Park, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Former day care center previously used as a 7,200 SF facility; concrete slab is still usable after a fire; Year built: 2010; utilities include cable available, with public water and public sewer; Current zoning is R3 for a day care facility, with possibility of rezoning for townhomes
    (770) 241-9948
    We can help!
    Listing Contact
    Dave Edmondson
    Real Estate License ID: 81845
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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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