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    970 Sidney Marcus Boulevard NE #2115 Atlanta, GA 30324

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    For Sale
    $194,999

    Stylish condo in prime Buckhead location, move-in ready with modern amenities.

    Type:Condominium
    Property size:
    840 SF
    Added:
    Aug 13, 2025
    Days on Market:
    233
    Last Refresh:
    Mar 30 at 9:33 pm

    Property Features for 970 Sidney Marcus Boulevard NE #2115

    General Information

    Standard status
    Active
    Size
    840 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Patter Byrne
    Patter Byrne

    Listing agent Patter Byrne License #333294

    Listing office Atlanta - Intown

    Listing date Aug 13, 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 - Intown

    Overview

    Buckhead Luxury Condo Retreat

    This stylish 1-bedroom, 1-bath condo is located in the heart of Buckhead, placing it steps from shopping, dining, and nightlife. It also offers quick access to I-85, I-75, and GA-400. The unit features an open, light-filled layout with hardwood floors, a spacious bedroom with a walk-in closet, and a granite kitchen with a walk-in pantry. Appliances have been recently replaced. The bathroom includes a soaking tub and shower, and there is a side-by-side laundry area with a washer and dryer. Recent upgrades include fresh paint, modern light fixtures, and a Nest thermostat. The unit is tucked away from busy streets. The gated community provides deeded parking in a secured garage, a pool with a lounging deck and grilling area, two fitness centers, a pet walk and green space, and Google Fiber internet. The property is located minutes from Lenox Mall, Phipps Plaza, Peachtree Battle, Emory, CDC, and Georgia Tech. The property size is 840 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lenox Villas Condominiums Condominium Complex Bliss Weddings and Events ... Wedding Service The Elev8ed Group Travel Agency Mystic Cinema Film Production Holtz Daniel MD Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3564
    Latitude
    33.8253

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    FAQs

    What type of property is this?
    Apartment building - Stylish condo in prime Buckhead location, move-in ready with modern amenities.
    Where is this apartment building located?
    The property is located at 970 Sidney Marcus Boulevard NE #2115 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $194,999.
    What are key features of this property?
    This property features: Unbeatable Buckhead location: Steps from world‑class shopping, dining, and nightlife with quick access to major highways.; Move‑in ready with recent upgrades: Fresh paint, modern light fixtures, Nest thermostat, and nearly all appliances replaced this year.; Luxury amenities: Gated community with secured garage parking, sparkling pool, lounging deck, grilling area, two fitness centers, pet walk, and Google Fiber internet.
    (404) 541-3500
    We can help!
    Listing Contact
    Patter Byrne
    Patter Byrne
    Real Estate License ID: 333294
    Learn More
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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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