Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1165 Willingham Dr East Point, GA 30344-4914
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1165 Willingham Dr East Point, GA 30344-4914

    View on Map
    • Warehouses
    • 36,322 SF
    • 4.63 lot acres
    Off-Market
    Property ID
    US22-4676477
    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.
    Value Estimations
    $4,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1165 Willingham Dr

    Year built
    1940
    Construction
    WOOD
    Lot size
    4.63 lot acres
    Property size
    36,322 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    14 0126 LL0225
    APU
    140126LL0225

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,245,000
      6.5%
      $3,920,000
      7%
      $3,640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,798,000
      Market price range: $507k - $2.80M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,255,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Point
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4268
    Latitude
    33.6654
    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
    $46,597
    $260,560
    $1,246,320
    $1,506,880
    -
    $651,400
    $3,115,800
    $3,767,200

    Comparable in this City

    • Value Estimation
      $26,345,000
      447,606 SF

      3707 Commerce Dr

      WAREHOUSE, STORAGE • 447,606 SF
      3707 Commerce Dr, East Point, GA 30344-5721
      View Details
    • Value Estimation
      $11,900,000
      920,396 SF

      3909 Commerce Dr

      WAREHOUSE, STORAGE • 920,396 SF
      3909 Commerce Dr, East Point, GA 30344-8143
      View Details
    • Value Estimation by Request
      1,875 SF

      2970 Lakewood Ave

      MINI-WAREHOUSE, STORAGE • 1,875 SF
      2970 Lakewood Ave, East Point, GA 30344
      View Details
    • Value Estimation by Request
      2,000 SF

      2596 Cheney St

      WAREHOUSE, STORAGE • 2,000 SF
      2596 Cheney St, East Point, GA 30344-3119
      View Details
    • Value Estimation
      $49,940,000
      563,256 SF

      2110 Lawrence Ave

      WAREHOUSE, STORAGE • 563,256 SF
      2110 Lawrence Ave, East Point, GA 30344-1740
      View Details
    • Value Estimation by Request
      10,474 SF

      1388 Central Ave

      WAREHOUSE, STORAGE • 10,474 SF
      1388 Central Ave, East Point, GA 30344-4935
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,060 SF

      Three Warehouse Buildings For Sale

      Three warehouse buildings totaling 24,060+/- SF available for sale.
      1577 East Taylor Ave, East Point, GA 30344
      View Details
    • $1,500,000

      Four Warehouse Buildings with Lot

      Four warehouse buildings with side lot in East Point, GA.
      1577 East Taylor Ave, East Point, GA 30344
      View Details
    • $1,335,600

      Retail-Warehouse Building on Church Street

      7,406 SF retail-warehouse building centrally located in East Point.
      2834 Church St, Atlanta, GA 30344
      View Details
    • $350,000
      0.30 Acres

      East Point Duplex Investment Opportunity

      Well-maintained duplex in East Point, ideal for investors or homeowners.
      1804 Idlewood Dr, East Point, GA 30344
      View Details
    • $750,000
      4.13 Acres

      East Point Acreage for Sale

      4.125 acre assemblage in established residential area.
      Dodson Dr, East Point, GA 30344
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land Near Hartsfield-Jackson

      Residential land near Hartsfield-Jackson, close to amenities and transportation.
      3157 Prince Williheme Ter, Atlanta, GA 30344
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,162 SF

      Freestanding Industrial Building Near Airport

      52,162 SF industrial building with loading and storage.
      1631 Willingham Dr, Atlanta, GA 30344
      View Details
    • $2,500 /Mo
      8,050 SF

      East Point Commercial Lease Opportunity

      Versatile spaces available for lease in East Point, GA.
      1466 Central Ave, East Point, GA 30344
      View Details
    • Contact for pricing

      Office/Warehouse Near Atlanta Airport

      Multi-tenant office and warehouse buildings in park-like setting.
      3120-3130 South Martin St, East Point, GA 30344
      View Details
    • Contact for pricing
      24,060 SF

      East Point Industrial Warehouse Space

      Four warehouse units available, 2,800-8,343 sq ft.
      1577 Taylor Ave, East Point, GA 30344
      View Details
    • $5 SF/Yr

      East Point Warehouse Sublease Available

      48,770 SF warehouse sublease near Atlanta Airport.
      2100 South Martin St, East Point, GA 30344
      View Details
    • Contact for pricing

      East Point Flex Space Available

      Flex space with office, shop, and outside storage.
      3267 Bachelor St, East Point, GA 30344
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1165 Willingham Dr
    East Point, GA 30344-4914
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!