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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Rumson NE Rd Atlanta, GA 30305-3197

    • Garden apartment buildings
    • 13,821 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1521452
    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

    • Rumson Court Apartment / Apartment Complex

    Property Details for 115 Rumson NE Rd

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.59 lot acres
    Property size
    13,821 SF
    Zone code
    RG5
    Property type
    Garden apartment buildings
    APN
    17 010000040058
    APU
    17010000040058

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,058,000
      Market price range: $739k - $2.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3837
    Latitude
    33.8308
    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
    $23,187
    $506,000
    $54,080
    $560,080
    -
    $1,265,000
    $135,200
    $1,400,200

    Comparable in this City

    • Value Estimation
      $1,140,000
      11,484 SF

      3210 Mathieson NE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 11,484 SF
      3210 Mathieson NE Dr, Atlanta, GA 30305-1824
      View Details
    • Value Estimation
      $575,000
      6,416 SF

      173 Kings NE Cir

      GARDEN APT, COURT APT (5+ UNITS) • 6,416 SF
      173 Kings NE Cir, Atlanta, GA 30305-4253
      View Details
    • Value Estimation by Request
      6,120 SF

      3518 Roswell NW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,120 SF
      3518 Roswell NW Rd, Atlanta, GA 30305-1240
      View Details
    • Value Estimation by Request
      25,340 SF

      105 Rumson NE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 25,340 SF
      105 Rumson NE Rd, Atlanta, GA 30305-3192
      View Details
    • Value Estimation
      $665,000
      13,071 SF

      2544 Peachtree NW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 13,071 SF
      2544 Peachtree NW Rd, Atlanta, GA 30305-3685
      View Details
    • Value Estimation
      $1,465,000
      27,440 SF

      2909 Peachtree NE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 27,440 SF
      2909 Peachtree NE Rd, Atlanta, GA 30305-2101
      View Details

    Similar Nearby for Sale

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      840 SF

      Buckhead Condo with Utilities Included

      Oversized 2-bedroom condo in Buckhead with utilities included.
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    • $465,000

      Buckhead Condo with Skyline Views

      Luxury 2-bedroom condo in the heart of Buckhead.
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    • $2,575,000
      2,557 SF

      Luxury Buckhead Condominium with Terraces

      Sophisticated 2-bedroom condo with den, terraces, and high-end amenities.
      2520 Peachtree Rd NW, Atlanta, GA 30305
      View Details
    • $625,000

      Buckhead Loft with Modern Luxury

      Designer-finished loft in Buckhead with top-of-the-line features and amenities.
      3235 Roswell Rd NE, Atlanta, GA 30305
      View Details
    • $2,895,000
      2,170 SF

      Luxury Condo with Canopy Views

      Sought-after residence with exquisite design, resort-style amenities, and stunning views.
      2520 Peachtree Rd NW, Atlanta, GA 30305
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    • $249,750
      807 SF

      Buckhead Condo with Stunning Views

      Renovated condo in the Concorde with luxury amenities and breathtaking views.
      2870 Court South Pharr Rd NW, Atlanta, GA 30305
      View Details

    Similar Nearby for Lease

    • $1,850 /Mo
      837 SF

      Buckhead Renovated 1-Bedroom Apartment

      Fully renovated 1-bedroom apartment in Buckhead with utilities included.
      2479 Peachtree Rd NE, Atlanta, GA 30305
      View Details
    • $2,000 /Mo
      1,012 SF

      Buckhead Condo with Elegant Finishes

      Updated 2-bedroom condo in vibrant Buckhead, Atlanta.
      2965 Court South Pharr Rd NW, Atlanta, GA 30305
      View Details
    • $1,500 /Mo
      807 SF

      Buckhead Condominium with Modern Amenities

      Upscale Buckhead condominium with pool, gym, and convenient location.
      2870 Court South Pharr Rd NW, Atlanta, GA 30305
      View Details
    • $1,450 /Mo
      700 SF

      Restored Studio or Office Space

      Charming, restored studio or office space in prime location.
      2909 Peachtree Rd NE, Atlanta, GA 30305
      View Details
    • Contact for pricing

      Buckhead Retail Space For Lease

      Retail spaces available in premier Buckhead shopping destination.
      2900 Peachtree Rd NW, Atlanta, GA 30305
      View Details
    • $20 SF/Yr

      Buckhead Office Suite For Rent

      Office suite in Piedmont Commons Office Park available for rent.
      3007-3011 Piedmont Rd, Atlanta, GA 30305
      View Details
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    115 Rumson NE Rd
    Atlanta, GA 30305-3197
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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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