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
    Property profile & analytics

    692 Moreland Ave Atlanta, GA 30316

    • Churches & religious facilities
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1620606
    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

    • Deliverance Hour Of Faith Holiness Church / Church

    Property Details for 692 Moreland Ave

    Year built
    1940
    Lot size
    0.20 lot acres
    Property type
    Churches & religious facilities

    Description

    This exceptional 0.2-acre property at 692 Moreland Avenue SE in Atlanta, Georgia, presents a unique redevelopment opportunity. Built in 1940, the single building structure formerly served as a church. Its location within a multifamily residential district, bordering the desirable Reynoldstown and Ormewood Park communities, offers significant potential for various commercial or residential uses. The property's proximity to I-20 (0.8 miles) ensures excellent accessibility. Moreland Avenue is experiencing rapid growth, with new construction and development projects underway, including a recently opened food hall just 1.9 miles away. This prime location offers investors the chance to capitalize on the area's transformation. The property is being sold in its as-is condition, providing flexibility for future development plans. The asking price is $540,000. The property's zip code is 30316, and it is situated in Dekalb County. This is an ideal investment for those seeking to participate in the revitalization of a thriving Atlanta neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb - GA
    State
    Georgia
    Longitude
    -84.3490561
    Latitude
    33.7352962

    Comparable in this City

    • $650,000
      Pending

      Cabbagetown Church Building For Sale

      Two-story church in historic Cabbagetown, suitable for various uses.
      708 Kirkwood Ave SE, Atlanta, GA 30316
      View Details
    • $249,900
      0.20 Acres

      Atlanta Investment Opportunity

      Prime East Atlanta lot, renovation/rebuild potential.
      2018 Flat Shoals Rd, Atlanta, GA 30316
      View Details
    • $2,200,000

      Operating Daycare Center For Sale

      Operational daycare center in Atlanta with real estate and FF&E.
      2326 Bouldercrest Rd SE, Atlanta, GA 30316
      View Details
    • $259,900

      Gated Townhome with Community Pool

      3 bed, 2.5 bath townhome in gated Atlanta community.
      1794 N Umberland Way SE, Atlanta, GA 30316
      View Details
    • $519,990

      Luxurious Townhome Near Amenities

      Professionally designed townhome with walking access to restaurants and shopping.
      1350 May Ave, Atlanta, GA 30316
      View Details
    • Contact for pricing

      Beltline Corner Lot Development Parcel

      0.1223 acre corner lot near Glenwood Park.
      415 Bill Kennedy Way SE, Atlanta, GA 30316
      View Details

    Similar Nearby for Sale

    • $650,000
      Pending

      Cabbagetown Church Building For Sale

      Two-story church in historic Cabbagetown, suitable for various uses.
      708 Kirkwood Ave SE, Atlanta, GA 30316
      View Details
    • $249,900
      0.20 Acres

      Atlanta Investment Opportunity

      Prime East Atlanta lot, renovation/rebuild potential.
      2018 Flat Shoals Rd, Atlanta, GA 30316
      View Details
    • $2,200,000

      Operating Daycare Center For Sale

      Operational daycare center in Atlanta with real estate and FF&E.
      2326 Bouldercrest Rd SE, Atlanta, GA 30316
      View Details
    • $259,900

      Gated Townhome with Community Pool

      3 bed, 2.5 bath townhome in gated Atlanta community.
      1794 N Umberland Way SE, Atlanta, GA 30316
      View Details
    • Contact for pricing

      Beltline Corner Lot Development Parcel

      0.1223 acre corner lot near Glenwood Park.
      415 Bill Kennedy Way SE, Atlanta, GA 30316
      View Details
    • $519,990

      Luxurious Townhome Near Amenities

      Professionally designed townhome with walking access to restaurants and shopping.
      1350 May Ave, Atlanta, GA 30316
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      3,420 SF

      2517 Gresham Road SE

      Office Properties & Spaces
      2517 Gresham Rd, Atlanta, GA 30316
      View Details
    • Contact for pricing
      304,920 SF

      Moreland Ave Prime Commercial Land

      7-acre C-1 zoned lot, ideal for retail/restaurants.
      1270 Moreland Ave, Atlanta, GA 30316
      View Details
    • $1,799 /Mo
      43,778 SF

      Retail Space Near Walmart

      Retail space with high visibility and recent updates.
      2517 Gresham Rd SE, Atlanta, GA 30316
      View Details
    • $30 SF/Yr

      East Atlanta Village Retail Suites

      New retail suites in vibrant East Atlanta Village for lease.
      512 Flat Shoals Ave SE, Atlanta, GA 30316
      View Details
    • $1,730 /Mo

      Modern Reynoldstown Apartments For Rent

      Sophisticated apartments in a vibrant arts hub with BeltLine access.
      230 Bill Kennedy Way SE, Atlanta, GA 30316
      View Details
    • Contact for pricing
      15,000 SF

      Reynoldstown Retail Spaces Available

      Atlanta Restaurant & Retail Opportunity
      780 Memorial Dr, Atlanta, GA 30316
      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.
    692 Moreland Ave
    Atlanta, GA 30316
    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.