Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2289 Cascade Rd Atlanta, GA 30311

    • Retail properties
    • 4,754 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cameron's Grooming Unisex Salon / Hair Salon / Barber Shop

    Property Details for 2289 Cascade Rd

    Year built
    1950
    Property size
    4,754 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This 1,030 square foot storefront, located at 2289 Cascade Road in Atlanta, Georgia, presents a unique investment opportunity. Situated within "The Triangle" at the heart of the Cascade Heights Commercial Historic District, this single-tenant space is part of a vibrant commercial area serving Beecher Hills, Adams Park, Audubon, and surrounding communities. The property, built in 1950 and renovated in 2019, boasts a total building size of 4,754 square feet and is zoned NC-6. The building features electric power and is conveniently located near major transportation arteries, including being 12 minutes from downtown Atlanta and 18 minutes from Hartsfield-Jackson Atlanta International Airport. Its location within the 285 perimeter adds to its accessibility. The surrounding area offers significant recreational opportunities, with 600 acres of green space within a mile. The property benefits from recent "complete streets" upgrades to Cascade Road, enhancing walkability and community appeal. The property shares its building with successful businesses including Oreatha's At The Point (ranked #4 nationally on Yelp in 2023), MoreLyfe Juice Bar, Nourish + Bloom (the world's only Black-owned AI grocery store), and Aiskrimu Ice Cream Bar. This location offers high visibility and access to a diverse customer base. The property is a single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.464
    Latitude
    33.7222

    Comparable in this City

    • Value Estimation by Request
      10,500 SF

      2310 Benjamin E Mays Dr

      Restaurants • 10,500 SF
      2310 Benjamin E Mays Dr, Atlanta, GA 30311
      View Details
    • Value Estimation by Request
      10,500 SF

      2312 Benjamin E Mays Dr

      Restaurants • 10,500 SF
      2312 Benjamin E Mays Dr, Atlanta, GA 30311
      View Details
    • Value Estimation by Request
      2,580 SF

      Ga-139

      Individual retail properties • 2,580 SF
      0 Ga-139, Atlanta, GA 30311
      View Details
    • Value Estimation
      $1,200,000
      9,300 SF

      3031 Headland SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,300 SF
      3031 Headland SW Dr, Atlanta, GA 30311-5421
      View Details
    • Value Estimation by Request
      2,234 SF

      2324 Martin Luther King Jr SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,234 SF
      2324 Martin Luther King Jr SW Dr, Atlanta, GA 30311-1744
      View Details
    • Value Estimation by Request
      2,042 SF

      3232 Martin Luther King Jr SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,042 SF
      3232 Martin Luther King Jr SW Dr, Atlanta, GA 30311-1302
      View Details

    Similar Nearby for Sale

    • $1,500,000
      0.23 Acres

      Retail Space with Liquor License

      Prime retail location with grandfathered liquor license in Atlanta.
      2240 Cascade Rd SW, Atlanta, GA 30311
      View Details
    • $395,000
      1,300 SF

      Versatile Commercial Building on BRT Line

      1,300 SF building on future MARTA BRT line.
      2690 Campbellton Rd SW, Atlanta, GA 30311
      View Details
    • $800,000
      0.23 Acres

      Renovated Atlanta Retail Opportunity

      Free-standing, renovated building suitable for retail or office use.
      2232 Cascade Rd SW, Atlanta, GA 30311
      View Details
    • $1,500,000
      0.23 Acres

      Retail Space with Liquor License

      Prime Atlanta retail space with grandfathered liquor license.
      2240 Cascade Rd SW, Atlanta, GA 30311
      View Details
    • $650,000
      2,868 SF

      Atlanta Commercial Property Renovation Opportunity

      High-visibility commercial property in Southwest Atlanta, ideal for retail.
      2065 Campbellton Rd SW, Atlanta, GA 30311
      View Details
    • $275,000
      0.04 Acres

      Atlanta Auto Shop - $275K

      Established Auto Repair Business, High Profit Potential
      2270 Cascade Rd, Atlanta, GA 30311
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      10,500 SF

      Cascade Road Storefront Opportunity

      Prime Fulton County retail space, 10,500 sqft, renovated.
      2310 Benjamin E Mays Dr, Atlanta, GA 30311
      View Details
    • Contact for pricing
      8,200 SF

      Atlanta Retail Space for Sale/Lease

      8,200 SF freestanding retail building in Atlanta, GA
      2324 Cascade Rd, Atlanta, GA 30311
      View Details
    • Contact for pricing

      Kroger Anchored Retail Center

      Highly visible, 100% leased retail center near I-285.
      3425 Cascade Rd, Atlanta, GA 30311
      View Details
    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.
    2289 Cascade Rd
    Atlanta, GA 30311
    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.