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    Property profile & analytics

    1916 Piedmont NE Rd Atlanta, GA 30324-4117

    • Retail space
    • 2,800 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Aug 03, 2022
    $1,650,000
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    2.5%
    Retail space
    Location Intelligence
    Property ID
    US22-4407799
    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

    • VIP Spa / Massage Spa
    • Yawa Spa / Massage Spa
    • Gold Massage Spa / Massage Spa / Massage Therapist

    Property Details for 1916 Piedmont NE Rd

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    2,800 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    17 005000040850
    APU
    17005000040850

    Description

    This exceptional 2,800-square-foot freestanding building is located at 1916 Piedmont Road NE in Atlanta, Georgia, 30324. Built in 1970 and extensively renovated in 2023, this Class C property sits on a 0.31-acre lot and offers 19 parking spaces. Currently occupied by a tenant with a lease extending to April 2027, this presents a unique investment opportunity. The property boasts high visibility directly on Piedmont Road, a highly sought-after retail corridor with significant daily traffic (approximately 23,000 vehicles per day within a one-mile radius). The MRC-2-C zoning allows for diverse uses and potential redevelopment to increase density. The building's versatile layout is easily adaptable to multiple uses, making it ideal for a variety of businesses. The strong demographics in the one-mile radius, with a median household income exceeding $95,000 and 35% growth since 2010, further enhance its investment appeal. The property's parcel numbers are 17-0050-0004-085-0 and 17-0050-0004-085. This is a rare opportunity to acquire a freestanding building in a prime Atlanta location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,320,000
      ML approach
      $1,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,107,000
      Market price range: $281k - $1.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3662
    Latitude
    33.8096
    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
    $14,339
    $299,000
    $47,360
    $346,360
    -
    $747,500
    $118,400
    $865,900

    Comparable in this City

    • Value Estimation
      $400,000
      6,655 SF

      1874 Piedmont NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,655 SF
      1874 Piedmont NE Ave, Atlanta, GA 30324-4869
      View Details
    • Value Estimation
      $345,000
      13,152 SF

      2614 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 13,152 SF
      2614 Buford NE Hwy, Atlanta, GA 30324-3110
      View Details
    • Value Estimation
      $255,000
      10,500 SF

      2165 Cheshire Brg NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,500 SF
      2165 Cheshire Brg NE Rd, Atlanta, GA 30324-4232
      View Details
    • Value Estimation
      $2,010,000
      3,462 SF

      1769 Cheshire Brg NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,462 SF
      1769 Cheshire Brg NE Rd, Atlanta, GA 30324-4921
      View Details
    • Value Estimation
      $300,000
      8,732 SF

      1747 Cheshire Brg NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,732 SF
      1747 Cheshire Brg NE Rd, Atlanta, GA 30324-4921
      View Details
    • Value Estimation
      $220,000
      2,100 SF

      1901 Cheshire Brg NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      1901 Cheshire Brg NE Rd, Atlanta, GA 30324-4925
      View Details

    Similar Nearby for Sale

    • $4,000,000
      3,639 SF

      1620 Piedmont Ave

      Individual retail properties • 3,639 SF
      1620 Piedmont Ave, Atlanta, GA 30324
      View Details
    • $1,750,000
      0.27 Acres

      Versatile Property in Prime Location

      Flexible space in high-traffic area, ideal for various uses.
      1640 Piedmont Ave, Atlanta, GA 30324
      View Details
    • $1,995,000
      6,726 SF

      Piedmont Road Retail Building

      ±6,726 SF Freestanding Retail Space
      2087 Piedmont Rd, Atlanta, GA 30324
      View Details
    • $1,750,000

      Piedmont Avenue Freestanding Building

      Freestanding building in shell condition on Piedmont Avenue.
      2087 Piedmont Rd NE, Atlanta, GA 30324
      View Details
    • $7,250,000
      1.00 Acre

      Prime Atlanta Mixed-Use Redevelopment

      1-acre lot, 23,000 SF, vacant, high traffic.
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    • $309,900
      1,274 SF

      Buckhead Condo with Modern Amenities

      Updated condo in Buckhead near Lenox Mall and local parks.
      2865 Lenox Rd NE, Atlanta, GA 30324
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Uptown Atlanta

      Retail spaces for lease in transit-oriented Uptown Atlanta development.
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      View Details
    • $34 SF/Yr

      Retail Suite with Patio

      Ground floor retail suite with renovated patio, available December 2025.
      1927 Piedmont Cir Northeast, Atlanta, GA 30324
      View Details
    • $12,000 /Mo
      22,952 SF

      Versatile Commercial Space on Cheshire Bridge

      Adaptable commercial building suitable for retail, restaurant, or creative uses.
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      View Details
    • $16 SF/Yr
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      Atlanta Industrial Flex Space

      Versatile Atlanta warehouse space for lease.
      2201-2241 Faulkner Rd, Atlanta, GA 30324
      View Details
    • $23 SF/Yr
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      Prime Atlanta Retail Space

      Free-standing, 20,850 SF, high visibility.
      1747 Cheshire Bridge Rd, Atlanta, GA 30324
      View Details
    • Contact for pricing
      185,052 SF

      Buckhead Retail Center: Prime Location

      Atlanta retail space, multiple suites available.
      2625 Piedmont Rd, Atlanta, GA 30324
      View Details
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    Atlanta, GA 30324-4117
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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.

    More about this property
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