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    349 Forest Pkwy Forest Park, GA 30297
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    Property profile & analytics

    349 Forest Pkwy Forest Park, GA 30297

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    • Warehouses
    • 10,000 SF
    • 2.50 lot acres
    For Sale
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    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
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    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 size
    10,000 SF
    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

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      164,140 SF

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      5585 Old Dixie Rd

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      5011 Ga-85

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      54.68 Acres

      2160 Anvil Block Rd

      DISTRIBUTION WAREHOUSE • 54.68 Acres
      2160 Anvil Block Rd, Forest Park, GA 30297-1419
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    Similar Nearby for Sale

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      10,000 SF

      Forest Park Industrial Property

      ±10,000 SF Warehouse, Value-Add Opportunity
      349 Forest Pkwy, Forest Park, GA 30297
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      Distribution/Warehouse Delivering Q1 2026

      214,170 SF distribution/warehouse in Airport/North Clayton submarket.
      96 Metcalf Extension Rd, Forest Park, GA 30297
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      Distribution/Warehouse Delivering Q2 2026

      214,170 SF distribution/warehouse delivering in Q2 2026.
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    • $2,200,000
      2,380 SF

      Prime Trucking Lot Opportunity

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

      Prime Trucking Lot with Office

      2.5-acre trucking lot with office near major transportation routes.
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      Industrial Facility with Cooler/Freezer Space

      Industrial building featuring cooler, freezer, and dry storage areas.
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    Similar Nearby for Lease

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      Industrial Space Near Airport

      119,800 SF industrial space available in Forest Park, Georgia.
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      Industrial Building with Fenced Parking

      Multi-tenant industrial building with I-75 visibility in Forest Park.
      5442 Frontage Rd, Forest Park, GA 30297
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      62,500 SF

      Warehouse Near Atlanta Airport

      Warehouse space available near major transportation routes and airport.
      1500 Southpoint Dr, Forest Park, GA 30297
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      Industrial Space Near Airport

      97,092 SF industrial space available in Forest Park, Georgia.
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      Industrial/Flex Warehouse Space Available

      Industrial/flex warehouse space for lease near I-75.
      285 Lake Mirror Rd, Forest Park, GA 30297
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      9,350 SF

      Warehouse Space Available For Sublease

      9,350 SF warehouse space available for sublease.
      105 Forest Pkwy, Forest Park, GA 30297
      View Details
    View Listing
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    Forest Park, GA 30297
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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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