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    1296 Ga-138 Riverdale, GA 30296

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    1296 Ga-138 Riverdale, GA 30296

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    • Lifestyle centers
    • 11,340 SF
    • 1.96 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1296 Ga-138

    Year built
    2008
    Lot size
    1.96 lot acres
    Property size
    11,340 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a 11,340 square foot shopping center in Riverdale, Georgia, located at 1296 GA-138, zip code 30296. The property, built in 2008, sits on a 1.96-acre lot and boasts a 100% occupancy rate with a strong tenant mix, including Little Caesars. The multi-tenant building features eight units and offers a current Net Operating Income (NOI) of $145,854, with a pro-forma NOI of $147,962, resulting in a 7.20% cap rate and a pro-forma cap rate of 7.30%. The asking price is $2,027,000, representing a fee simple ownership. The property benefits from high visibility on Highway 138, experiencing over 26,500 average daily traffic. Its strategic location provides easy access and is situated within a thriving area with a population exceeding 180,000 within a five-mile radius and within two miles of the Atlanta airport. The zoning is GB. The current lease terms for the tenants average seven years remaining. This turnkey investment offers stable cash flow and significant potential for future growth, making it an attractive opportunity for investors seeking a below-replacement-cost asset in a high-traffic location. The property is meticulously managed and offers ample parking. The majority of tenants have occupied the space since the building's construction in 2008.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4326
    Latitude
    33.5499

    Comparable in this City

    • Value Estimation
      $2,090,000
      17,490 SF

      773 Hwy 138th SW

      SHOPPING CENTER, STRIP CENTER • 17,490 SF
      773 Hwy 138th SW, Riverdale, GA 30296-1599
      View Details
    • Value Estimation
      $1,100,000
      7,500 SF

      1256 Hwy 138th SW

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      1256 Hwy 138th SW, Riverdale, GA 30296-1402
      View Details
    • Value Estimation by Request
      250 SF

      7483 Fayetteville Rd

      SHOPPING CENTER, STRIP CENTER • 250 SF
      7483 Fayetteville Rd, Riverdale, GA 30296
      View Details
    • Value Estimation
      $1,200,000
      10,020 SF

      1240 Hwy 138th SW

      SHOPPING CENTER, STRIP CENTER • 10,020 SF
      1240 Hwy 138th SW, Riverdale, GA 30296-1402
      View Details
    • Value Estimation
      $1,390,000
      11,400 SF

      1296 Hwy 138th SW

      SHOPPING CENTER, STRIP CENTER • 11,400 SF
      1296 Hwy 138th SW, Riverdale, GA 30296-1458
      View Details
    • Value Estimation
      $4,270,000
      73,780 SF

      7490 Old National Hwy

      SHOPPING CENTER, STRIP CENTER • 73,780 SF
      7490 Old National Hwy, Riverdale, GA 30296-1762
      View Details

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    • Contact for pricing

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      Land For Sale

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    Similar Nearby for Lease

    • $600 /Mo
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      Riverdale Office Space Available

      Commercial property with multiple office spaces for lease.
      804 Commerce Blvd, Riverdale, GA 30296
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    • $500 /Mo
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    • $800 /Mo
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      Office Space in Riverdale, GA

      Commercial property with multiple office spaces available for lease.
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    • $600 /Mo
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      Modern Office Space Available

      Newly remodeled office suites with shared amenities in Riverdale, GA.
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    Riverdale, GA 30296
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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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