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    Property profile & analytics

    485 Atlanta Pkwy Forest Park, GA 30297

    • Retail properties
    For Lease
    View listing
    $600 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 485 Atlanta Pkwy

    Property type
    Retail properties

    Description

    This exceptional 48-space parking lot presents a lucrative investment opportunity in the thriving Clayton submarket of Atlanta (ATL). Located at 485 Atlanta South Parkway, Forest Park, Georgia, this single-tenant property offers 348,480 square feet of paved and lighted parking space. Its strategic location provides unparalleled convenience, situated just half a mile from the interchange of I-75 North and South, ensuring easy access for commuters and efficient transportation of goods. The property's proximity to I-75 South and Highway 85 Parkway further enhances its accessibility and visibility. This prime location also benefits from its close proximity to Atlanta and Hartsfield-Jackson Atlanta International Airport, the world's busiest airport, providing exceptional connectivity to regional and global transportation networks. The ample parking capacity, coupled with its convenient location and excellent visibility, makes this property ideally suited for a variety of businesses seeking secure and easily accessible parking solutions. This is a rare opportunity to acquire a well-maintained, high-demand parking facility in a rapidly growing area. The property's size and location offer significant potential for long-term growth and return on investment.

    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
    -84.4058
    Latitude
    33.613

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      349 Forest Pkwy

      Distribution properties • 10,000 SF
      349 Forest Pkwy, Forest Park, GA 30297
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    • Value Estimation by Request
      76,100 SF

      4422-4464 Jonesboro Rd

      Lifestyle centers • 76,100 SF
      4422-4464 Jonesboro Rd, Forest Park, GA 30297
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    • Value Estimation by Request
      14,900 SF

      4467-4493 Jonesboro Rd

      Neighborhood centers • 14,900 SF
      4467-4493 Jonesboro Rd, Forest Park, GA 30297
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    • Value Estimation by Request

      4959 West St

      Retail properties
      4959 West St, Forest Park, GA 30297
      View Details
    • Value Estimation by Request
      1,167 SF

      4498 Jonesboro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,167 SF
      4498 Jonesboro Rd, Forest Park, GA 30297-4315
      View Details
    • Value Estimation by Request
      9,644 SF

      850 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,644 SF
      850 Main St, Forest Park, GA 30297-1448
      View Details

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      Prime Forest Park Parking Lot

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    485 Atlanta Pkwy
    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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