Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    993 Forest Avenue Forest Park, GA 30297

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,000,000

    Day care centers

    Type:Special Purpose
    Property size:
    9,630 SF
    Added:
    Mar 17, 2026
    Days on Market:
    16
    Last Refresh:
    Mar 19 at 11:56 pm

    Property Features for 993 Forest Avenue

    General Information

    Standard status
    Active
    Size
    9,630 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Earl Coleman
    Earl Coleman

    Listing agent Earl Coleman License #247332

    Listing office Coldwell Banker Commercial Metro Brokers

    Listing date Mar 17, 2026

    Source Crexi

    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 Coldwell Banker Commercial Metro Brokers

    Location Intelligence

    Current Use by Public Records

    Unity Farm Stand ... Specialty Food Shop Little Ones Learning ... High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • iCare @ West St — 4959 West St, Forest Park, GA 30297
    • Little Angels Christian Academy LLC — 4914 West St, Forest Park, GA 30297
    • New Beginnings International Preparatory Academy — 4932 Phillips Dr, Forest Park, GA 30297
    • My Babies Learning Center — 702 Main St, Forest Park, GA 30297
    • Success Souvenirs Child Development Center Forest Park — 4826 Courtney Dr, Forest Park, GA 30297

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3575809
    Latitude
    33.6232214

    Nearby Similar for Sale

    • $990,000

      Forest Park Multifamily Investment Opportunity

      Renovated multifamily property with value-add potential near Atlanta airport.
      4843 Old Dixie Highway, Forest Park, GA 30297
      View Details
    • $599,000

      Forest Park Multifamily Investment Opportunity

      Four-unit building in a 20-unit complex with recent upgrades.
      559 Evergreen Terrace, Forest Park, GA 30297
      View Details
    • $5,000,000
      7,000 SF

      Commercial Property on Jonesboro Road

      Commercial property for sale with frontage on Jonesboro Road.
      4666 Jonesboro Road, Forest Park, GA 30297
      View Details
    • $750,000
      5,000 SF

      Two-Story Building Near Airport

      Two-story building with suites available near major interstates and airport.
      525 Forest Parkway, Forest Park, GA 30297
      View Details
    • $2,200,000
      2,380 SF

      Prime Trucking Lot with Office

      2.5-acre trucking lot with office near major transportation routes.
      55 Alston Court, Forest Park, GA 30297
      View Details
    • $2,200,000
      2,380 SF

      Prime Trucking Lot Opportunity

      2.5-acre trucking lot with office near major transportation routes.
      55 Alston Court, Forest Park, GA 30297
      View Details
    • $750,000
      5,000 SF

      Two-Story Office Building Near Airport

      5,000 SF office building close to major interstates and airport.
      Forest Park, GA 30297
      View Details
    • $5,900,000
      29,606 SF

      Industrial Facility with Cooler/Freezer Space

      Industrial building featuring cooler, freezer, and dry storage areas.
      132 Royal Drive, Forest Park, GA 30297
      View Details
    • $12,950,000

      Value-Add Multifamily Opportunity

      136-unit multifamily property in a high-growth area.
      4663-4771 Waldrop Dr, Forest Park, GA 30297
      View Details
    • Contact for pricing
      214,170 SF

      Distribution/Warehouse Delivering Q2 2026

      214,170 SF distribution/warehouse delivering in Q2 2026.
      96 Metcalf Extension Road, Forest Park, GA 30297
      View Details
    • Contact for pricing
      6,323 SF

      South Atlanta Commercial Property

      6,323 SF commercial property for sale in South Atlanta.
      5755 Old Dixie Hwy, Forest Park, GA 30297
      View Details
    • $12,950,000

      Value-Add Multifamily Opportunity

      136-unit multifamily property in a high-growth area near Atlanta.
      4663-4771 Waldrop Dr, Forest Park, GA 30297
      View Details

    FAQs

    Where is this day care center located?
    The property is located at 993 Forest Avenue Forest Park, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Licensed Childcare Facility & Real Estate: Acquire both the operating business and the real estate.; High Capacity: Licensed for 192 children, offering significant expansion potential.; Multiple Revenue Streams: Income from Private Pay, Georgia Pre‑K, and CAPS subsidies.
    (770) 354-9888
    We can help!
    Listing Contact
    Earl Coleman
    Earl Coleman
    Real Estate License ID: 247332
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!