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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Warehouses
1164 Zonolite NE Pl Atlanta, GA 30306-2002
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1516926
Property summary
AI-generated overview
This exceptional 10,050-square-foot industrial property, located at 1164 Zonolite Place, offers a unique blend of warehouse and flex space. Built in 1953, this single-story building sits on a 0.39-acre lot and is zoned M. The property boasts four drive-in doors for convenient loading and unloading, along with ample parking for 20 vehicles. The interior features air-conditioned office spaces, ideal for a variety of businesses. Landlord pays taxes and insurance. This adaptive reuse warehouse is situated in the vibrant Zonolite District, a hidden gem nestled within Druid Hills/Morningside/Emory/Virginia Highlands. The area is known for its eclectic mix of businesses, particularly those in the fitness and wellness sector. The property's proximity to the 13-acre Zonolite Park, a reclaimed greenspace with trails, a community garden, and more, adds to its appeal. This prime location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a unique and functional space in a thriving community. The property's APN is 18-0107-04-034. This is a single-tenant property.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Construction
WOOD FRAME
Total area
10,050 SF
Lot
0.39 ac (17,163 SF)
Zoning code
M
APN
18 107 04 034
UPID
US22-1516926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.12M
Owner & transaction history
Zonolite Real Estate I LLC · 15 yrs held
Zonolite Real Estate I LLC
since 2010
1 recorded transaction
Zoning & alternative use
M · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,455,000
Current use
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,805
Tax year 2024
Assessed value
$420,040
Assessed 2024
Previous assessed
$420,040
+0.0% YoY
Effective rate
4.48%
On assessed value
Assessed land
$29,403
Assessed improvement
$390,637
Land market value
$73,507
Improvement market value
$976,593
Total market value
$1,050,100
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
10,050 SF
Lot
0.39 ac (17,163 SF)
Zoning code
M
APN
18 107 04 034
UPID
US22-1516926
Jurisdiction
DE KALB
Zoning & alternative use
M · Atlanta, GA
Zoning M · permitted uses
M · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Zonolite Real Estate I LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1290 SUNDERLAND CT NE, BROOKHAVEN, GA 30319-1952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2010
$105,000
Zonolite Real Estate I LLC
Sullivan,irene N
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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