1085 Frst Pkwy Forest Park, GA 30297
Property Lookup
Property profile & analytics
1085 Frst Pkwy Forest Park, GA 30297
- Strip malls
- 5,680 SF
- 0.54 lot acres
Property ID
US22-4202451
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.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 1085 Frst Pkwy
- Year built
- 1986
- Lot size
- 0.54 lot acres
- Property size
- 5,680 SF
- Zone code
- C
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 13-049D- A-017
- APU
- 13049DA017
Description
This Forest Park, Georgia storefront presents a compelling value-add opportunity for investors. The 6,329 square foot, two-story building, constructed in 1986, boasts a current 100% occupancy rate across multiple tenants, generating a strong net operating income (NOI) of $49,849 and a 7.67% capitalization rate. Priced at $650,000 ($102 per square foot), the property offers significant upside potential. Current average rents are $9.48 per square foot, considerably below market rates of $12-$14 per square foot for comparable properties in the area. This discrepancy presents an immediate opportunity to increase profitability through lease renegotiations or tenant turnover. The gross lease structure simplifies landlord responsibilities, which are limited to taxes, insurance, and repairs; tenants cover their own utilities and landscaping. Located at 1085 Forest Parkway in Clayton County (zip code 30297), the property benefits from its position within the rapidly expanding Atlanta Metropolitan Statistical Area (MSA), a densely populated region with 54,406 people within a three-mile radius. The property features a parking ratio of 3.95 spaces per unit. This fee-simple ownership offers a strong cash flow with the potential for substantial appreciation. The property's Class B designation and multi-tenancy structure further enhance its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $946,000
Market price range: $443k - $1.17M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $800,000 Current use
- COMMERCIAL (GENERAL)
- $1,015,000 Change: +27% Conversion: Easy
- OFFICE BUILDING
- $940,000 Change: +17% Conversion: Moderate
- MEDICAL BUILDING
- $725,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3549
- Latitude
- 33.6168
- 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
2024
$5,835
$28,320
$195,480
$223,800
-
$70,800
$488,700
$559,500
