Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    261 Mount Vernon Hwy Atlanta, GA 30328
    Back to Search
    Property profile & analytics

    261 Mount Vernon Hwy, Atlanta, GA 30328

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 261 Mount Vernon Hwy

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre residential lot is situated in the desirable Heards Ferry/Mount Vernon Highway corridor, within walking distance of Sandy Springs' City Springs. Currently zoned RE-2, this property offers a fantastic opportunity to build a single-family residence or explore the possibility of developing multiple homes. Located in the highly-rated Heards Ferry/Riverwood school districts, this land presents a rare chance to create a custom home in a prime location. The property is part of a larger 4.4-acre assemblage also available for purchase. Detailed documentation, including aerial and topographic maps, tax plat, and flood map, are readily available for review. The lot provides ample space for a substantial residence or a multi-unit development, subject to zoning approvals. This is an exceptional opportunity to acquire a significant parcel of land in a highly sought-after area of Sandy Springs, Georgia. Serious inquiries only.

    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
    -84.3957
    Latitude
    33.9175

    Comparable in this City

    • Value Estimation by Request
      2.40 Acres

      277 Mount Vernon Hwy

      Land
      277 Mount Vernon Hwy, Atlanta, GA 30328
      View Details
    • Value Estimation by Request
      1.25 Acres

      Westgate Pkwy At John F. Varley Ct

      Land
      0 Westgate Pkwy At John F. Varley Ct, Sandy Springs, GA 30328
      View Details
    • Value Estimation by Request
      2.70 Acres

      Spalding Dr

      Land
      0 Spalding Dr, Sandy Springs, GA 30328
      View Details
    • Value Estimation
      $47,940,000
      36,180 SF

      550 Abernathy Rd

      GARDEN APT, COURT APT (5+ UNITS)
      550 Abernathy Rd, Sandy Springs, GA 30328-3697
      View Details
    • Value Estimation by Request
      32,524 SF

      7200 Peachtree Dunwoody Rd

      GARDEN APT, COURT APT (5+ UNITS)
      7200 Peachtree Dunwoody Rd, Sandy Springs, GA 30328-1619
      View Details
    • Value Estimation by Request
      98,784 SF

      7150 Peachtree Dunwoody Rd

      GARDEN APT, COURT APT (5+ UNITS)
      7150 Peachtree Dunwoody Rd, Atlanta, GA 30328-5721
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Land in Sandy Springs

      Land available in Sandy Springs, Georgia.
      6340 Aberdeen Dr NE, Sandy Springs, GA 30328
      View Details
    • $979,000

      Land Available in Sandy Springs

      Land for sale in Fulton County, Sandy Springs, Georgia.
      6500 Powers Ferry Rd, Sandy Springs, GA 30328
      View Details
    • Contact for pricing
      Pending

      Luxury Condominium Residences in Atlanta

      New condominium residences with opulent interiors and lavish amenities.
      318 Sandy Springs Cir, Atlanta, GA 30328
      View Details
    • Contact for pricing
      1,109 SF

      Luxury High Rise Condo Living

      Luxury condo with city views, amenities, and convenient location.
      795 Hammond Dr, Sandy Springs, GA 30328
      View Details
    • $1,599,999
      2.58 Acres

      Prime Land in Sandy Springs

      2.5+ acre lot in prestigious neighborhood, ideal for custom estate.
      700 Heards Fry Rd, Atlanta, GA 30328
      View Details
    • $1,599,999
      2.58 Acres

      Prime Residential Lot in Atlanta

      Exceptional 2.5+ acre lot in Sandy Springs' elite neighborhood.
      700 Heards Fry Rd, Atlanta, GA 30328
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Mixed-Use Development For Lease

      Mixed-use development with retail, office, and residential spaces available.
      Alastair Dr, Sandy Springs, GA 30328
      View Details
    • Contact for pricing

      Sandy Springs Mixed-Use Development Retail

      Retail/Restaurant space in new mixed-use development with apartments.
      6075 Roswell Rd, Sandy Springs, GA 30328
      View Details
    • Contact for pricing

      Luxury Apartments in Sandy Springs

      Upscale apartments and townhomes in a vibrant Sandy Springs neighborhood.
      6400 Blue Stone Rd #2027, Atlanta, GA 30328
      View Details
    • $19 SF/Yr

      Sandy Springs Health & Wellness Center

      Health and wellness center with utilities included and ample parking.
      6667 Vernon Woods Dr, Atlanta, GA 30328
      View Details
    • $23 SF/Yr
      5,251 SF

      Office Space in Lakeside Commons

      Office suite in a building park with various amenities.
      990 Hammond Dr, Sandy Springs, GA 30328
      View Details
    • Contact for pricing
      55,470 SF

      Central Perimeter Office Space Available

      Office space for rent in Central Perimeter, Atlanta.
      4 Concourse Pkwy, Atlanta, GA 30328
      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.
    261 Mount Vernon Hwy
    Atlanta, GA 30328
    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
    261 Mount Vernon Hwy, Atlanta, GA, 30328
    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!