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    696 Charles Allen Rd Ave Atlanta, GA 30308
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    696 Charles Allen Rd Ave Atlanta, GA 30308

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    • Commercial real estate
    • 0.27 lot acres
    For Sale
    $3,200
    View Listing →
    Atlanta Commercial Storefronts For Sale
    $3,200

    Atlanta Commercial Storefronts

    Prime Atlanta locations, various sizes.

    696 Charles Allen Rd Ave, Atlanta, GA 30308
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 696 Charles Allen Rd Ave

    Year built
    1940
    Lot size
    0.27 lot acres
    Property type
    Commercial real estate

    Description

    Five exceptional commercial storefront properties are available for lease in a thriving Atlanta neighborhood, boasting high visibility on a busy street with ample foot traffic and nearby residential areas. These spaces offer customizable layouts ideal for a variety of businesses, including retail, professional offices (real estate, legal, insurance), or service-oriented ventures such as coffee shops or vape stores. Each property features large front windows providing abundant natural light and excellent display opportunities. Street parking and rear building access are available. Proximity to Ponce City Market (.4 miles) adds significant appeal. Specific unit details include: Unit 1 (432 Ponce de Leon/C3): ~1040 sq ft, end unit with loft, storage, closet, and bathroom

    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 - GA
    State
    Georgia
    Longitude
    -84.373
    Latitude
    33.7735

    Comparable in this City

    • Value Estimation
      $43,955,000
      263,805 SF

      600 Peachtree NW St

      COMMERCIAL (GENERAL) • 263,805 SF
      600 Peachtree NW St, Atlanta, GA 30308-3602
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    • Value Estimation
      $3,595,000
      25,386 SF

      621 Nn NE Ave

      COMMERCIAL (GENERAL) • 25,386 SF
      621 Nn NE Ave, Atlanta, GA 30308-2857
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    • Value Estimation by Request
      0.06 Acres

      12 Peachtree St

      Restaurants • 0.06 Acres
      12 Peachtree St, Atlanta, GA 30308
      View Details
    • Value Estimation by Request
      0.10 Acres

      Piedmont NE Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      Piedmont NE Ave, Atlanta, GA 30308
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    • Value Estimation by Request
      702 SF

      855 Peachtree NE St, Unit 2004

      COMMERCIAL CONDOMINUIM • 702 SF
      855 Peachtree NE St, Atlanta, GA 30308-7416
      View Details
    • Value Estimation by Request
      783 SF

      855 Peachtree NE St, Unit 2006

      COMMERCIAL CONDOMINUIM • 783 SF
      855 Peachtree NE St, Atlanta, GA 30308-7416
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.27 Acres

      Atlanta Commercial Storefronts

      Prime Atlanta locations, various sizes.
      696 Charles Allen Rd Ave, Atlanta, GA 30308
      View Details
    • $550,000

      Leased Investment Near Ponce City

      Leased commercial condo with 10% return in vibrant Atlanta neighborhood.
      620 Glen Iris Dr NE, Atlanta, GA 30308
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    • $175,000
      0.02 Acres

      Atlanta Condo: High-Performing Short-Term Rental

      Fully renovated 2-bedroom condo generating over $35,000 annually.
      215 Piedmont Ave NE, Atlanta, GA 30308
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    • Contact for pricing
      10,020 SF

      Historic Midtown Garden District Fourplex

      Charming 1920s fourplex near Atlanta BeltLine and Piedmont Park.
      833 Monroe Dr NE, Atlanta, GA 30308
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      88,000 SF

      Atlanta Redevelopment Opportunity Near I-85/I-75

      Redevelopment opportunity with parking deck and plans for 160-key hotel.
      384 Peachtree St NE, Atlanta, GA 30308
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    Similar Nearby for Lease

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      Peachtree Street Office Subleases Available

      Office subleases available on Peachtree Street in Atlanta.
      600 Peachtree St NE, Atlanta, GA 30308
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    • Contact for pricing

      Former Daycare Near Ponce De Leon

      Freestanding former daycare center near Ponce De Leon Avenue.
      420 Ponce De Leon Ave NE, Atlanta, GA 30308
      View Details
    • Contact for pricing
      2,108 SF

      Midtown Retail Space Available

      2,108 SF retail space in a prominent Midtown location.
      100-112 6Th St, Atlanta, GA 30308
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    • Contact for pricing
      20,991 SF

      Midtown Atlanta Office Space Available

      Dynamic office environment in Midtown's innovation hub for rent.
      730 Peachtree St NE, Atlanta, GA 30308
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    • Contact for pricing
      6,600 SF

      Prime Retail Space Available

      6,600 SF retail space in a 23-story building.
      860 Juniper St Northeast, Atlanta, GA 30308
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    • Contact for pricing
      7,031 SF

      Peachtree Street Retail Space Available

      Retail spaces available on Peachtree Street near many amenities.
      754 Peachtree St Northeast, Atlanta, GA 30308
      View Details
    View Listing
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    696 Charles Allen Rd Ave
    Atlanta, GA 30308
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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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