Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    349 Forest Pkwy Forest Park, GA 30297
    Property profile & analytics

    349 Forest Pkwy, Forest Park, GA 30297

    View on Map
    • Warehouses
    • 10,000 SF
    • 2.50 lot acres
    For Sale
    View Listing →
    Forest Park Industrial Property For Sale
    Contact for pricing
    10,000 SF

    Forest Park Industrial Property

    ±10,000 SF Warehouse, Value-Add Opportunity

    349 Forest Pkwy, Forest Park, GA 30297
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colonial Sales & Leasing / Car Dealership

    Property Details for 349 Forest Pkwy

    Year built
    1973
    Lot size
    2.50 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3785
    Latitude
    33.6206

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      349 Forest Pkwy

      Distribution properties
      349 Forest Pkwy, Forest Park, GA 30297
      View Details
    • Value Estimation by Request
      164,140 SF

      5324 Ga-85

      Distribution properties
      5324 Ga-85, Forest Park, GA 30297
      View Details
    • Value Estimation by Request
      21,876 SF

      5061 Kennedy Rd

      Distribution properties
      5061 Kennedy Rd, Forest Park, GA 30297
      View Details
    • Value Estimation by Request

      5585 Old Dixie Rd

      Distribution properties
      5585 Old Dixie Rd, Forest Park, GA 30297
      View Details
    • Value Estimation by Request

      5011 Ga-85

      Manufacturing properties
      5011 Ga-85, Forest Park, GA 30297
      View Details
    • Value Estimation
      $12,310,000
      188,766 SF

      2080 Anvil Block Rd

      DISTRIBUTION WAREHOUSE
      2080 Anvil Block Rd, Forest Park, GA 30297-1488
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Forest Park Industrial Property

      ±10,000 SF Warehouse, Value-Add Opportunity
      349 Forest Pkwy, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Distribution/Warehouse Delivering Q1 2026

      214,170 SF distribution/warehouse in Airport/North Clayton submarket.
      96 Metcalf Extension Rd, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Distribution/Warehouse Delivering Q2 2026

      214,170 SF distribution/warehouse delivering in Q2 2026.
      96 Metcalf Extension Rd, Forest Park, GA 30297
      View Details
    • $5,900,000

      Industrial Facility with Cooler/Freezer Space

      Industrial building featuring cooler, freezer, and dry storage areas.
      132 Royal Dr, Forest Park, GA 30297
      View Details
    • $1,900,000
      2,380 SF

      Trucking Lot with Office Building

      2.5-acre trucking lot with 2,380 sq ft office building.
      55 Alston Ct, Forest Park, GA 30297
      View Details
    • $1,900,000
      2,380 SF

      Prime Industrial Lot with Office

      2.5-acre trucking lot with office near major transportation routes.
      55 Alston Ct, Forest Park, GA 30297
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial/Flex Warehouse Space Available

      Industrial/flex warehouse space for lease near I-75.
      285 Lake Mirror Rd, Forest Park, GA 30297
      View Details
    • Contact for pricing
      97,092 SF

      Industrial Space Available For Lease

      Industrial space available ranging from 27,790 SF - 97,092 SF.
      5356 Hwy 85, Forest Park, GA 30297
      View Details
    • Contact for pricing
      119,800 SF

      Industrial Space Near Airport

      119,800 SF industrial space available in Forest Park, Georgia.
      5286 Georgia 85, Forest Park, GA 30297
      View Details
    • Contact for pricing
      119,800 SF

      Industrial Warehouse Space Available

      119,800 SF industrial warehouse space for lease.
      5286 Hwy 85, Forest Park, GA 30297
      View Details
    • Contact for pricing
      62,500 SF

      Warehouse Near Atlanta Airport

      Warehouse space available near major transportation routes and airport.
      1500 Southpoint Dr, Forest Park, GA 30297
      View Details
    • Contact for pricing
      358,360 SF

      Warehouse Near Atlanta Airport

      Warehouse space available near major transportation routes and airport.
      4000 South Corporate Pkwy, Forest Park, GA 30297
      View Details
    View Listing
    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.
    349 Forest Pkwy
    Forest Park, GA 30297
    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

    Thank You for Inquiry
    349 Forest Pkwy, Forest Park, GA, 30297
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!