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

    1483 Chattahoochee NW Ave Atlanta, GA 30318-2809

    • Industrial properties
    • 22,300 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0856370
    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

    • Creatives Rental Space / Rehearsal Studio
    • Beat The Bomb Atlanta / Escape Room Center / Bar

    Property Details for 1483 Chattahoochee NW Ave

    Year built
    1966
    Lot size
    1.06 lot acres
    Property size
    22,300 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    17 019300010711
    APU
    17019300010711

    Description

    This 20,884 square foot shopping center in Atlanta, GA, offers a compelling value-add investment opportunity. Located on a prominent corner at the intersection of Chattahoochee Ave and Collier Road NW, this single-story, 1970-built property (renovated in 2021) boasts 100% occupancy with three tenants, including D1 Training, Beat the Bomb, and Fuzion Force. The property features 87 parking spaces and sits on a 1.97-acre lot. Currently operating under a NN+ lease structure with a remaining term of 4.4 years, a significant near-term mark-to-market opportunity exists due to one tenant on a modified gross lease expiring November 31, 2025. The current NOI is $345,037, with a pro-forma NOI projected at $404,021, resulting in a pro-forma cap rate of 7.35%. The property benefits from strong visibility and access, situated within a rapidly developing area with high household incomes (over $158,000 within a 1-mile radius) and significant multifamily development underway. The I2 (Medium Industrial) zoning provides flexibility. The asking price is $5,500,000, translating to a price per square foot of $263.36. This asset is well-positioned to capitalize on the growth of Atlanta's Upper Westside corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4357
    Latitude
    33.8089
    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
    $71,116
    $171,760
    $1,028,240
    $1,200,000
    -
    $429,400
    $2,570,600
    $3,000,000

    Comparable in this City

    • Value Estimation
      $615,000
      34,188 SF

      1346 Logan NW Cir

      INDUSTRIAL (GENERAL) • 34,188 SF
      1346 Logan NW Cir, Atlanta, GA 30318-2859
      View Details
    • Value Estimation
      $765,000
      47,183 SF

      1116 Logan NW Cir

      INDUSTRIAL (GENERAL) • 47,183 SF
      1116 Logan NW Cir, Atlanta, GA 30318-2855
      View Details
    • Value Estimation
      $300,000
      2,480 SF

      1862 Marietta NW Blvd

      INDUSTRIAL (GENERAL) • 2,480 SF
      1862 Marietta NW Blvd, Atlanta, GA 30318-2803
      View Details
    • Value Estimation by Request
      2,716 SF

      679 Cameron Madison Alexander Blvd

      Automotive properties • 2,716 SF
      679 Cameron Madison Alexander Blvd, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      75,277 SF

      2279 Defoor Hills Rd

      Flex space • 75,277 SF
      2279 Defoor Hills Rd, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      22,720 SF

      645 Woodland NW Ave

      INDUSTRIAL (GENERAL) • 22,720 SF
      645 Woodland NW Ave, Atlanta, GA 30318
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Midtown Atlanta Land - 2.36 Acres

      Prime 2.36-acre industrial land, ideal for development.
      1789 Perry Blvd, Atlanta, GA 30318
      View Details
    • Contact for pricing
      25,312 SF

      Industrial Property in Beltline Overlay

      25,312 SF industrial property with income potential.
      1303 Boyd Ave, Atlanta, GA 30318
      View Details
    • $2,200,000
      6,900 SF

      West Midtown Industrial Property

      Atlanta Flex Space, Redevelopment Opportunity
      1385 English St, Atlanta, GA 30318
      View Details
    • $4,450,000
      11,500 SF

      Woodmont Lane Office Building

      Atlanta Office Building, 11,500 SF
      1431 Woodmont Ln, Atlanta, GA 30318
      View Details
    • $5,669,560
      21,806 SF

      Atlanta Warehouse: $5.6M

      Midtown West industrial warehouse, 21,806 SF
      1610 Southland Cir, Atlanta, GA 30318
      View Details
    • Contact for pricing
      0.89 Acres

      Prime Atlanta Bishop Street Property

      0.89-acre development site, I-1 zoning.
      489 Bishop St, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      259,644 SF

      Seaboard Industrial Office Space

      Atlanta Executive Office Suites Available
      1310 Seaboard Industrial Blvd, Atlanta, GA 30318
      View Details
    • Contact for pricing
      7,500 SF

      Atlanta Industrial Property: 7,500 SF

      Prime Atlanta manufacturing/distribution space.
      2132 James Jackson Pkwy, Atlanta, GA 30318
      View Details
    • Contact for pricing
      70,000 SF

      Atlanta Industrial Property: 70,000 SF

      Prime Atlanta manufacturing/warehouse space. Two suites available.
      1231 Collier Rd, Atlanta, GA 30318
      View Details
    • $16 SF/Yr
      18,000 SF

      Atlanta Flex Space: 18,000 SF

      Prime Atlanta industrial flex space, 8 docks.
      930 Chattahoochee Ave, Atlanta, GA 30318
      View Details
    • $25 SF/Yr
      1,338 SF

      West Midtown Loft Office Space

      Loft office with flex and warehouse options for lease.
      751 James P Brawley Dr NW, Atlanta, GA 30318
      View Details
    • Contact for pricing
      236,241 SF

      Atlanta Warehouse Space Available

      236,241 sqft warehouse space for rent in Atlanta.
      7000 Commerce Ct, Atlanta, GA 30318
      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.
    1483 Chattahoochee NW Ave
    Atlanta, GA 30318-2809
    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.