Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1206 Joseph E Boone NW Blvd Atlanta, GA 30314-2331

    • Retail space
    • 1,110 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $165,000
    Show details
    Cap Rate Potential
    8%
    Retail space
    Location Intelligence
    Property ID
    US22-0471216
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1206 Joseph E Boone NW Blvd

    Year built
    1969
    Lot size
    0.25 lot acres
    Property size
    1,110 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    14 011500010382
    APU
    14011500010382

    Description

    This exceptional 1,283 sq ft, single-story retail property at 1206 Joseph E. Boone Blvd NW, Atlanta, GA 30314, is offered for $1,600,000. The C-Class building, zoned C1, boasts a turnkey convenience store and storefront business, currently operating successfully. Located in a high-traffic area of Fulton County, this property offers convenient access to major highways and public transportation, ensuring high visibility and accessibility for customers and employees. The established business includes all necessary equipment and fixtures, providing a seamless transition for new ownership. This presents an immediate revenue stream and significant growth potential, capitalizing on Atlanta's thriving market. The spacious layout allows for versatile business operations and expansion opportunities. This is a rare opportunity to acquire a profitable, established business alongside a prime commercial property in a bustling Atlanta neighborhood, making it an ideal investment for both seasoned investors and entrepreneurs seeking a strong foothold in a prime location. The asking price of $1,600,000 translates to $1,247.08 per square foot. This owner/user investment opportunity is a turnkey solution for immediate income and future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $164,000
      Market price range: $63.5k - $165k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.427
    Latitude
    33.7633
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $87,240
    $21,200
    $108,440
    -
    $218,100
    $53,000
    $271,100

    Comparable in this City

    • Value Estimation
      $215,000
      3,534 SF

      912 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,534 SF
      912 Joseph E Boone NW Blvd, Atlanta, GA 30314-3226
      View Details
    • Value Estimation
      $170,000
      1,050 SF

      1350 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      1350 Joseph E Boone NW Blvd, Atlanta, GA 30314-2032
      View Details
    • Value Estimation
      $195,000
      4,510 SF

      1388 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,510 SF
      1388 Joseph E Boone NW Blvd, Atlanta, GA 30314-2049
      View Details
    • Value Estimation
      $190,000
      3,234 SF

      1370 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,234 SF
      1370 Joseph E Boone NW Blvd, Atlanta, GA 30314-2018
      View Details
    • Value Estimation
      $220,000
      7,883 SF

      925 Martin Luther King Jr NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,883 SF
      925 Martin Luther King Jr NW Dr, Atlanta, GA 30314-2947
      View Details
    • Value Estimation
      $180,000
      867 SF

      780 Martin Luther King Jr SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 867 SF
      780 Martin Luther King Jr SW Dr, Atlanta, GA 30314
      View Details

    Similar Nearby for Sale

    • $699,900
      2,760 SF

      Two-Story Commercial Property Near Stadium

      Two-story commercial property near Mercedes Benz Stadium, fully rented.
      957 M L King Jr Dr NW, Atlanta, GA 30314
      View Details
    • $899,000
      0.23 Acres

      Atlanta Grocery Store Investment Opportunity

      Prime location grocery store with long-term lease in Atlanta.
      1388 Joseph E Boone Blvd NW, Atlanta, GA 30314
      View Details
    • $16,200,000
      8.69 Acres

      Atlanta Beltline Multifamily Portfolio

      180 Units, 8.69 Acres, Prime Location
      1073 Neal Pl, Atlanta, GA 30314
      View Details
    • Contact for pricing
      0.39 Acres

      Atlanta Land: 0.39 Acres

      Prime Residential Development Site
      905 Mayson Turner Rd, Atlanta, GA 30314
      View Details
    • $234,900
      Pending

      Atlanta Land Development Opportunity

      Prime land for development in a rapidly growing Atlanta corridor.
      67 Joseph E Lowery Blvd, Atlanta, GA 30314
      View Details
    • $200,000
      0.09 Acres

      Vine City Land Opportunity

      Adjoining parcels in revitalizing Vine City, near downtown Atlanta.
      180 Elm St, Atlanta, GA 30314
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      1,350 SF

      Townhome-Style Duplex Near Downtown Atlanta

      Newer duplex with modern amenities, convenient location, and ample storage.
      215 Anderson Ave NW, Atlanta, GA 30314
      View Details
    • $2,650 /Mo
      1,350 SF

      Sun-Filled Townhome-Style Duplex For Rent

      Townhome-style duplex with modern amenities, convenient location, and included utilities.
      215 Anderson Ave NW, Atlanta, GA 30314
      View Details
    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.
    1206 Joseph E Boone NW Blvd
    Atlanta, GA 30314-2331
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.