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    2920 Druid Hills Rd Atlanta, GA 30329
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    2920 Druid Hills Rd Atlanta, GA 30329

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    • Retail properties & Spaces
    • 3,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PNC Bank ATM / Atm

    Property Details for 2920 Druid Hills Rd

    Year built
    2007
    Property size
    3,900 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 3,900-square-foot retail storefront, located at 2920 N Druid Hills Rd, Atlanta, GA 30329, presents a unique investment opportunity. Built in 2007, this single-story, Class B building sits on a 0.91-acre lot and boasts 18+ parking spaces, a two-lane drive-thru, and an 812-square-foot canopy. Previously a bank branch, the property is ideally situated off N Druid Hills Road NE, a major thoroughfare connecting Decatur to Buckhead, Brookhaven, and Midtown Atlanta. Its convenient location offers easy access from all directions, including the bustling Toco Hills Promenade/Toco Hills Shopping Center. The property shares an easement with a neighboring business. Zoned C-1 for commercial use, it's suitable for a variety of retail ventures. The surrounding area is densely populated with big-box retailers, shopping centers, restaurants, and affluent neighborhoods, including the renowned Toco Hills community. Key nearby attractions include Emory Village, North DeKalb Mall, and various shopping districts. The property benefits from excellent access to Interstates 85 and 285, as well as major local routes. Located in DeKalb County, a diverse and economically thriving area, this property offers significant potential for growth and return on investment. DeKalb County is home to major employers such as AT&T Mobility, Emory Healthcare, and the Centers for Disease Control and Prevention. The property is under DeKalb County jurisdiction.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3104
    Latitude
    33.8161

    Comparable in this City

    • Value Estimation by Request
      10,453 SF

      2320 Druid Hl Rd

      Individual retail properties • 10,453 SF
      2320 Druid Hl Rd, Brookhaven, GA 30329
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    • Value Estimation
      $1,440,000
      9,540 SF

      2910 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,540 SF
      2910 Buford NE Hwy, Brookhaven, GA 30329-1802
      View Details
    • Value Estimation
      $750,000
      1,636 SF

      3007 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,636 SF
      3007 Buford NE Hwy, Brookhaven, GA 30329-1803
      View Details
    • Value Estimation by Request
      2,600 SF

      3045 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,600 SF
      3045 Buford NE Hwy, Brookhaven, GA 30329-1841
      View Details
    • Value Estimation
      $590,000
      4,080 SF

      2987 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,080 SF
      2987 Buford NE Hwy, Brookhaven, GA 30329-1834
      View Details
    • Value Estimation
      $2,060,000
      13,990 SF

      2320 Druid Hls NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,990 SF
      2320 Druid Hls NE Rd, Atlanta, GA 30329-3109
      View Details

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    Atlanta, GA 30329
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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.

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    2920 Druid Hills Rd, Atlanta, GA, 30329
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