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    Historic Atlanta High-Rise Apartment Title is generated by Realmo AI

    75 Ponce De Leon Avenue NE #804, Atlanta, GA 30308

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    For Sale
    $365,000

    Renovated historic apartment with skyline views and modern amenities.

    Type:Condominium
    Property size:
    1,136 SF
    Price / SF:
    $321/SF
    Added:
    Aug 25, 2025
    Days on Market:
    280
    Last Refresh:
    May 19 at 9:20 pm

    Property Features for 75 Ponce De Leon Avenue NE #804

    General Information

    Standard status
    Active
    Size
    1,136 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1913

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    Listing Contact
    First MLS

    Listing agent First MLS

    Listing office Atlanta Fine Homes Sotheby's International

    Listing date Aug 25, 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 Fine Homes Sotheby's International

    HighLights

    • Unbeatable Location: Close to the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown & Downtown restaurants, Centennial Park, Mercedes‑Benz Stadium, and State Farm Arena.
    • Fully Renovated in 2025: Enjoy a completely updated kitchen and bathrooms, refinished hardwood floors, new picture windows, and fresh paint.
    • Historic Landmark Building: Live in The Ponce, a prestigious 1913 high‑rise with Renaissance Revival architecture and a grand entrance.
    • Exclusive Rooftop Terrace: Enjoy sweeping skyline views and outdoor seating on the historic rooftop terrace.
    • Spacious Owner's Suite: Features a decorative fireplace, generous sitting area, custom closet system, and luxurious bathroom.
    • In‑Unit Washer/Dryer & Ample Storage: Includes convenient laundry and multiple closets, a unique feature in a historic unit.

    Overview

    Originally opened in August 1913, The Ponce stands as one of Atlanta’s first true high-rise luxury apartment houses. Designed by New York architect William Lee Stoddart, the building features Renaissance Revival design with Italianate influences. A full unit renovation was completed in 2025, including a full kitchen and bathroom gut, refinished hardwood floors, new picture windows, and a fresh coat of interior paint. The living room offers bright, open views and architectural charm. The updated kitchen features quartz countertops, a carrera tile backsplash, and stainless steel appliances. The owner's suite includes a decorative fireplace, a sitting area, and a custom closet system, while the primary bathroom showcases tile walls and a frameless glass shower. The second bedroom includes an en-suite bathroom with a tub/shower combination. The unit also features a washer and dryer with built-in shelving. Residents enjoy access to a historic rooftop terrace with skyline views and outdoor seating. The building also features a grand entrance, a spiral staircase, an elegant lobby, a fitness center, and a community laundry room. A guest suite owned by the HOA is available to reserve for visitors. One dedicated parking space is included with the unit, and additional spaces may be rented. Storage units are also available for rent. Located within close reach of the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown and Downtown restaurants, Centennial Park, Mercedes-Benz Stadium, and State Farm Arena, the property offers 1136 square feet of living space.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Ponce Condominium Condominium Complex Law Offices of Gary ... Law Firm Ponce Mini Market Grocery & Convenience Store Bert & Mary Meyer ... Charitable Organization Nmedia Film Production

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3844087
    Latitude
    33.7719972

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    FAQs

    What type of property is this?
    Apartment building - Renovated historic apartment with skyline views and modern amenities.
    Where is this apartment building located?
    The property is located at 75 Ponce De Leon Avenue NE #804 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Unbeatable Location: Close to the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown & Downtown restaurants, Centennial Park, Mercedes‑Benz Stadium, and State Farm Arena.; Fully Renovated in 2025: Enjoy a completely updated kitchen and bathrooms, refinished hardwood floors, new picture windows, and fresh paint.; Historic Landmark Building: Live in The Ponce, a prestigious 1913 high‑rise with Renaissance Revival architecture and a grand entrance.
    (404) 998-9944
    We can help!
    Listing Contact
    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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