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

    1200 Mobile NW St Atlanta, GA 30314-2352

    • Garden apartment buildings
    • 4,588 SF
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2021
    $1,550,000
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1267433
    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

    • 12Hundred Studios / Apartment Complex

    Property Details for 1200 Mobile NW St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    4,588 SF
    Zone code
    RG2
    Property type
    Garden apartment buildings
    APN
    14 011500020522
    APU
    14011500020522

    Description

    This exceptional 40-unit apartment building, totaling 14,616 square feet, presents a compelling investment opportunity. Situated on a 0.66-acre lot in Atlanta's burgeoning Westside, near the future Westside BeltLine Trail and planned greenspace, this property boasts a prime location. Completely renovated between 2021 and 2022, the five, two-story buildings feature 40 fully furnished studios, each equipped with state-of-the-art appliances, designer furnishings, in-unit laundry, and European-style bathrooms. Shared balconies or patios enhance the living experience. The property includes off-street parking with gated access and is conveniently located minutes from Downtown Atlanta and the Ashby MARTA station. The property's transformation earned it prestigious awards for innovative development and community impact. All units are restricted to 60% of the area median income. The property is zoned RG2, BeltLine Overlay, and the sale is subject to a non-governmental Land Use Restrictive Agreement (LURA). Detailed information regarding the LURA is available upon request. This is a rare chance to acquire a high-performing, award-winning asset in a rapidly appreciating area of Atlanta. The asking price is $4,500,000. The property's APN is 14 011500020522.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $885,000
      Market price range: $450k - $885k

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4269
    Latitude
    33.7622
    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
    $210,000
    $337,560
    $547,560
    -
    $525,000
    $843,900
    $1,368,900

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $625,000
      3,936 SF

      497 Lindsay NW St

      GARDEN APT, COURT APT (5+ UNITS) • 3,936 SF
      497 Lindsay NW St, Atlanta, GA 30314-3260
      View Details
    • Value Estimation
      $675,000
      2,920 SF

      238 Elm NW St

      GARDEN APT, COURT APT (5+ UNITS) • 2,920 SF
      238 Elm NW St, Atlanta, GA 30314-3959
      View Details
    • Value Estimation
      $575,000
      1,368 SF

      570 Thurmond NW St

      GARDEN APT, COURT APT (5+ UNITS) • 1,368 SF
      570 Thurmond NW St, Atlanta, GA 30314-4652
      View Details
    • Value Estimation by Request
      3,000 SF

      530 Lindsay NW St

      GARDEN APT, COURT APT (5+ UNITS) • 3,000 SF
      530 Lindsay NW St, Atlanta, GA 30314-3257
      View Details
    • Value Estimation
      $3,080,000
      24,288 SF

      1655 Lk NW Ct

      GARDEN APT, COURT APT (5+ UNITS) • 24,288 SF
      1655 Lk NW Ct, Atlanta, GA 30314-1871
      View Details

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    1200 Mobile NW St
    Atlanta, GA 30314-2352
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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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