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    Property profile & analytics

    Northern Ave Clarkston, GA 30021

    • Commercial real estate
    • 2,111 SF
    • 4.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Northern Ave

    Year built
    1933
    Lot size
    4.63 lot acres
    Property size
    2,111 SF
    Property type
    Commercial real estate

    Description

    This exceptional 4.63-acre commercial property presents a compelling investment opportunity in the thriving Clarkston, GA market. Located on Northern Avenue with direct frontage on I-285, this site offers unparalleled visibility and accessibility. Currently zoned R-75, the gently sloping terrain provides a versatile canvas for development. The 2,111 square foot existing structure presents options for renovation or demolition, allowing for a customized approach to development. The property's strategic location near I-285 provides convenient access to major transportation arteries, connecting to Atlanta and surrounding areas. The high-traffic location and significant acreage make this property ideal for a variety of commercial uses. Given the current zoning and location, the property is well-suited for redevelopment, potentially allowing for higher density residential projects. This presents a unique chance to capitalize on the area's growth and create a substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The asking price is $995,000. All information is deemed reliable but not guaranteed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.2459
    Latitude
    33.7869

    Comparable in this City

    • Value Estimation by Request
      2,736 SF

      4232 Ponce De Leon Ave

      COMMERCIAL (GENERAL) • 2,736 SF
      4232 Ponce De Leon Ave, Clarkston, GA 30021
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    • Value Estimation by Request
      1,420 SF

      3609 Sams Rd

      COMMERCIAL (GENERAL) • 1,420 SF
      3609 Sams Rd, Clarkston, GA 30021
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    • Value Estimation by Request
      0.30 Acres

      3986 Ponce De Leon Ave

      Commercial real estate • 0.30 Acres
      3986 Ponce De Leon Ave, Clarkston, GA 30021
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    • Value Estimation by Request
      1,312 SF

      4023 Church St

      RETAIL STORES (PERSONAL SERVICES) • 1,312 SF
      4023 Church St, Clarkston, GA 30021-1714
      View Details
    • Value Estimation
      $2,195,000
      19,720 SF

      3519 Hl St

      GARDEN APT, COURT APT (5+ UNITS) • 19,720 SF
      3519 Hl St, Clarkston, GA 30021-1200
      View Details
    • Value Estimation by Request
      3,222 SF

      662 Indian Crk Dr

      OFFICE BUILDING • 3,222 SF
      662 Indian Crk Dr, Clarkston, GA 30021-2345
      View Details

    Similar Nearby for Sale

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      Clarkston Commercial Building - High Income Potential

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    • $1,300,000
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      Prime Land in Clarkston, GA

      Two parcels of land totaling 11.4 acres in Clarkston.
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    • $90,000
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      Residential Land in Clarkston Neighborhood

      Land with approved plans for single family residence.
      3637 Lincoln St, Clarkston, GA 30021
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    • $55,000
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      Cleared Land in Clarkston, GA

      Cleared land parcel in Clarkston, close to amenities.
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    • $995,000
      4 SF

      Land Available Near I-285

      4.63 acres with redevelopment potential near Downtown Clarkston.
      700 Northern Ave, Clarkston, GA 30021
      View Details
    • $299,900
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      Clarkston Land Development Opportunity

      1.44 acres in Clarkston, GA, zoned for high-density residential.
      4201 Church St, Clarkston, GA 30021
      View Details
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    Northern Ave
    Clarkston, GA 30021
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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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