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    Midtown Condo with Garden Views Title is generated by Realmo AI

    850 Piedmont Avenue NE #3315, Atlanta, GA 30308

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    For Sale
    $617,500

    Two-story condo in gated community with updated interiors and parking.

    Type:Condominium
    Added:
    Aug 26, 2025
    Days on Market:
    282
    Last Refresh:
    May 19 at 10:29 pm

    Property Features for 850 Piedmont Avenue NE #3315

    General Information

    Standard status
    Active
    Property subtype
    Condominium

    Building Details

    Year Built
    2000

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    Listing Contact
    First MLS

    Listing agent First MLS

    Listing office Atlanta Fine Homes Sotheby's International

    Listing date Aug 26, 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

    • Only 2‑bedroom unit available in the desirable Dakota midrise community.
    • Lives like a townhome with no neighbors above and direct access to two gated, assigned parking spaces.
    • Updated interior featuring a renovated kitchen with quartz countertops, marble backsplash, and stainless steel appliances.
    • Tranquil views of the impeccably landscaped, full‑city‑block gardens.
    • Enjoy the rooftop pool and sun deck with grilling stations, fitness center, and gated courtyards.
    • Prime Midtown location, minutes from Piedmont Park, the BeltLine, Trader Joe's, and restaurants.

    Overview

    Located in Midtown, this two-story condo is part of The Dakota, a gated midrise community. The property features two bedrooms and has been updated with wide-plank hardwood floors and a renovated kitchen. The kitchen includes quartz countertops, a marble backsplash, and stainless steel appliances. The living and dining areas offer an open layout. Natural light enters through dual-pane windows and French doors, providing views of the landscaped gardens. Upstairs, the bedrooms offer views of the Garden District. A small bonus vestibule can serve as an office or reading nook. The unit has direct access to two assigned parking spaces and is located near the elevator and stairwells. The Dakota provides amenities such as a rooftop pool and sun deck with grilling stations, a fitness center, a community kitchen, gated courtyards with patios and walking paths, bicycle storage, and guest parking. The property is located near Piedmont Park, the BeltLine, and Trader Joe's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metta Johnson & Associates Physician Dakota Condominium Complex Common Thread Ministries Church Strategic Financial Solutions Consultant Ron McKitrick Imagery Photography Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3816528
    Latitude
    33.7777546

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    FAQs

    What type of property is this?
    Apartment building - Two-story condo in gated community with updated interiors and parking.
    Where is this apartment building located?
    The property is located at 850 Piedmont Avenue NE #3315 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $617,500.
    What are key features of this property?
    This property features: Only 2‑bedroom unit available in the desirable Dakota midrise community.; Lives like a townhome with no neighbors above and direct access to two gated, assigned parking spaces.; Updated interior featuring a renovated kitchen with quartz countertops, marble backsplash, and stainless steel appliances.
    (404) 662-1982
    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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