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    Property profile & analytics

    3650 Martin Luther King Jr Dr Atlanta, GA 30331

    • Retail space
    • 1,328 SF
    • 0.28 lot acres
    For Sale
    View listing
    $250,000
    Last Sale
    Mar 24, 2025
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0796220
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 3650 Martin Luther King Jr Dr

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    1,328 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    14F001400010339
    APU
    14F001400010339

    Description

    This exceptional commercial property in Atlanta's vibrant Bakers Hill district presents a unique investment opportunity. Boasting 1,328 square feet on a 0.28-acre corner lot, the property features three separate suites, ideal for multiple businesses or individual leasing. Its strategic location offers easy access to major transportation routes, attracting both local and out-of-town clientele. While some renovations may be needed, this allows for customization to perfectly suit your business needs, significantly enhancing the property's value. The versatile zoning accommodates a variety of business types, from offices and retail to medical facilities and service-based enterprises. Bakers Hill's thriving community atmosphere, coupled with Atlanta's robust economy and growth potential, makes this a highly desirable location. Nearby amenities include restaurants, shops, and entertainment venues, creating an attractive environment for employees and clients alike. This property offers limitless possibilities for growth and success, making it an exceptional investment in a sought-after Atlanta business district. Priced at $250,000, this is a rare opportunity to secure a versatile commercial property with significant upside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.508
    Latitude
    33.7616
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,147
    $86,480
    $13,680
    $100,160
    -
    $216,200
    $34,200
    $250,400

    Comparable in this City

    • Value Estimation
      $950,000
      4,506 SF

      3665 Martin Luther King Jr SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,506 SF
      3665 Martin Luther King Jr SW Dr, Atlanta, GA 30331-3701
      View Details
    • Value Estimation by Request
      1,353 SF

      1160 Fairburn SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,353 SF
      1160 Fairburn SW Rd, Atlanta, GA 30331-2175
      View Details
    • Value Estimation by Request
      2,452 SF

      2301 Fairburn SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,452 SF
      2301 Fairburn SW Rd, Atlanta, GA 30331-5013
      View Details
    • Value Estimation
      $2,085,000
      13,851 SF

      Fairburn Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,851 SF
      Fairburn Rd, Atlanta, GA 30331
      View Details
    • Value Estimation by Request
      3,888 SF

      3709 Campbellton SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,888 SF
      3709 Campbellton SW Rd, Atlanta, GA 30331-5221
      View Details
    • Value Estimation
      $1,375,000
      9,460 SF

      4472 Campbellton SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,460 SF
      4472 Campbellton SW Rd, Atlanta, GA 30331-6504
      View Details

    Similar Nearby for Sale

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      Land available in Atlanta, Georgia, with no HOA.
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    Similar Nearby for Lease

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      196,283 SF

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      High-traffic retail spaces available in Southwest Atlanta.
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      High-traffic retail space in a Publix-anchored shopping center.
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      Atlanta Retail Outparcels For Lease

      Outparcels available near Hartsfield Jackson Atlanta International Airport.
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      View Details
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    Atlanta, GA 30331
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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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