Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1194 Lucile Ave SW Atlanta, GA 30310

    • Garden apartment buildings
    • 10,410 SF
    • 0.19 lot acres
    For Sale
    View listing
    Last Sale
    May 17, 2022
    $1,190,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1008001
    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

    • Garden apartment buildings

    Property Details for 1194 Lucile Ave SW

    Year built
    1935
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    10,410 SF
    Zone code
    R5
    Property type
    Garden apartment buildings
    APN
    14 011700040445
    APU
    14011700040445

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,015,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,915,000
      6.5%
      $1,765,000
      7%
      $1,640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,290,000
      Market price range: $1.29M - $2.80M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,065,000
      Current use
      OFFICE BUILDING
      $2,435,000
      Change: +18% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,320,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4269
    Latitude
    33.7421
    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
    $0.00
    $40,000
    $110,200
    $150,200
    -
    $100,000
    $275,500
    $375,500

    Comparable in this City

    • Value Estimation
      $545,000
      3,194 SF

      1162 Lucile SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,194 SF
      1162 Lucile SW Ave, Atlanta, GA 30310-1733
      View Details
    • Value Estimation
      $3,405,000
      27,840 SF

      1400 Donnelly SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 27,840 SF
      1400 Donnelly SW Ave, Atlanta, GA 30310-5201
      View Details
    • Value Estimation
      $1,600,000
      13,530 SF

      1295 Donnelly SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 13,530 SF
      1295 Donnelly SW Ave, Atlanta, GA 30310-5217
      View Details
    • Value Estimation
      $1,225,000
      7,656 SF

      1295 Donnelly SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 7,656 SF
      1295 Donnelly SW Ave, Atlanta, GA 30310-5217
      View Details
    • Value Estimation
      $1,935,000
      10,504 SF

      1265 Donnelly SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,504 SF
      1265 Donnelly SW Ave, Atlanta, GA 30310-2538
      View Details
    • Value Estimation
      $515,000
      3,020 SF

      1156 Greenwich SW St

      GARDEN APT, COURT APT (5+ UNITS) • 3,020 SF
      1156 Greenwich SW St, Atlanta, GA 30310-1702
      View Details

    Similar Nearby for Sale

    • $2,160,000

      West End Multifamily Investment Opportunity

      Value-add multifamily property in Atlanta's West End neighborhood.
      2099 Martin Luther King Junior Dr Northwest, Atlanta, GA 30310
      View Details
    • $660,000
      4,602 SF

      West End Multifamily Condo Investment

      High-Yield Atlanta Condo, Great Potential
      529 Atwood St, Atlanta, GA 30310
      View Details
    • $900,000

      Multifamily Units Near Beltline Trail

      18 multifamily units near the Southside Beltline Trail.
      566 University Ave SW, Atlanta, GA 30310
      View Details
    • $305,000
      0.12 Acres

      Renovated Atlanta Home with Income

      Renovated home in Capitol View with income potential.
      1330 Allene Ave SW, Atlanta, GA 30310
      View Details
    • $305,000
      0.11 Acres

      Renovated Atlanta Home with Income

      Renovated home near BeltLine, parks, and stadium. Income potential.
      1330 Allene Ave SW, Atlanta, GA 30310
      View Details
    • $495,000
      Pending

      Six-Unit Apartment Near Beltline

      Garden-style apartment near Beltline and Lee + White development.
      1478 Beecher St SW, Atlanta, GA 30310
      View Details

    Similar Nearby for Lease

    • $1,425 /Mo

      Updated Duplex Unit in Atlanta

      Move-in ready 3-bedroom, 2-bath duplex unit for rent.
      887 Bridgewater St SW, Atlanta, GA 30310
      View Details
    • $19 SF/Yr

      Atlanta Retail Space: Oak Street SW

      Prime Atlanta retail space, 1201 sq ft, single tenant.
      777 Oak St, Atlanta, GA 30310
      View Details
    • Contact for pricing
      9,100 SF

      Prime Atlanta Retail Space

      9,100 SF Retail Building - Atlanta, GA
      2310 M.l.k. Jr Dr, Atlanta, GA 30310
      View Details
    • Contact for pricing
      212,690 SF

      Lee + White: Atlanta Office Space

      West End Atlanta: Prime Office & Retail
      929 White St, Atlanta, GA 30310
      View Details
    • Contact for pricing
      220,792 SF

      Atlanta BeltLine Pad Sites

      5 prime acres, SW Atlanta BeltLine
      352 University Ave, Atlanta, GA 30310
      View Details
    • $1,150 /Mo
      4,554 SF

      Atlanta Work-Play Commercial Space

      Live and work opportunity in the heart of Atlanta!
      1292 Ralph David Abernathy Blvd SW, Atlanta, GA 30310
      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.
    1194 Lucile Ave SW
    Atlanta, GA 30310
    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.