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    720 Hill St Forest Park, GA 30297

    • Residential income homes
    • 864 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 720 Hill St

    Property size
    864 SF
    Property type
    Residential income homes

    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
    -84.3665
    Latitude
    33.6224

    Comparable in this City

    • Value Estimation
      $600,000
      23,264 SF

      242 Falcon Dr

      BOARDING/ROOMING HOUSE • 23,264 SF
      242 Falcon Dr, Forest Park, GA 30297-1602
      View Details
    • Value Estimation by Request
      864 SF

      712 Hill St

      Multifamily properties • 864 SF
      712 Hill St, Forest Park, GA 30297
      View Details
    • Value Estimation
      $16,280,000
      208 SF

      5530 Old Dixie Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 208 SF
      5530 Old Dixie Hwy, Forest Park, GA 30297-2698
      View Details
    • Value Estimation
      $12,595,000
      108 SF

      1466 Rockcut Rd

      GARDEN APT, COURT APT (5+ UNITS) • 108 SF
      1466 Rockcut Rd, Forest Park, GA 30297-3680
      View Details
    • Value Estimation
      $310,000
      63 SF

      5086 Old Dixie Hwy

      MOBILE HOME PARK, TRAILER PARK • 63 SF
      5086 Old Dixie Hwy, Forest Park, GA 30297-6100
      View Details
    • Value Estimation by Request
      596 SF

      228 Morrow Rd

      GARDEN APT, COURT APT (5+ UNITS) • 596 SF
      228 Morrow Rd, Forest Park, GA 30297-2841
      View Details

    Similar Nearby for Sale

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    • New
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    Similar Nearby for Lease

    • $68,307
      229,561 SF

      Forest Park Industrial Land

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      5585 Old Dixie Rd, Forest Park, GA 30297
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    • Contact for pricing
      6,323 SF

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      5755 Old Dixie Hwy, Forest Park, GA 30297
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    • $1,350 /Mo
      148,104 SF

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      Retail storefront in a bustling plaza, suitable for various businesses.
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      10,000 SF

      Forest Parkway Industrial Property

      ±10,000 SF Flex Space, 2.5 Acres
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      Forest Park Warehouse Space Available

      Georgia industrial warehouse, multiple suites.
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    • Contact for pricing
      4,523 SF

      Forest Park Retail Space Available

      High-traffic retail space, flexible layouts.
      1067 Forest Pkwy, Forest Park, GA 30297
      View Details
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    720 Hill St
    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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