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

    121 Cleveland SE Ave Atlanta, GA 30315-8445

    • Grocery and convenience stores
    • 3,388 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2025
    $19,095
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1446815
    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

    • Mobil / Gas Station

    Property Details for 121 Cleveland SE Ave

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    3,388 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    14 0061 LL0594
    APU
    140061LL0594

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $634,000
      Market price range: $304k - $655k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $920,000
      Current use
      MEDICAL BUILDING
      $920,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $860,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $795,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3847
    Latitude
    33.6807
    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
    $22,118
    $168,680
    $365,560
    $534,240
    -
    $421,700
    $913,900
    $1,335,600

    Comparable in this City

    • Value Estimation by Request
      1,850 SF

      1465 Blvd SE Blvd

      CONVENIENCE STORE • 1,850 SF
      1465 Blvd SE Blvd, Atlanta, GA 30315
      View Details
    • Value Estimation
      $1,165,000
      6,700 SF

      221 Cleveland SW Ave

      CONVENIENCE STORE • 6,700 SF
      221 Cleveland SW Ave, Atlanta, GA 30315-8205
      View Details
    • Value Estimation
      $825,000
      4,184 SF

      840 Mcdonough SE Blvd

      CONVENIENCE STORE • 4,184 SF
      840 Mcdonough SE Blvd, Atlanta, GA 30315-5519
      View Details
    • Value Estimation
      $960,000
      6,790 SF

      1192 Pryor SW Rd

      CONVENIENCE STORE • 6,790 SF
      1192 Pryor SW Rd, Atlanta, GA 30315-2217
      View Details
    • Value Estimation by Request
      1,798 SF

      374 Cleveland SW Ave

      CONVENIENCE STORE • 1,798 SF
      374 Cleveland SW Ave, Atlanta, GA 30315-8142
      View Details
    • Value Estimation by Request
      1,247 SF

      8 Cleveland SE Ave

      CONVENIENCE STORE • 1,247 SF
      8 Cleveland SE Ave, Atlanta, GA 30315-8459
      View Details

    Similar Nearby for Sale

    • $696,065
      7,327 SF

      Atlanta SW Convenience Store

      High-Traffic Retail Investment Opportunity
      2836 Lakewood Ave, Atlanta, GA 30315
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    • $349,900

      Jonesboro Road Retail Investment

      Established Convenience Store with House
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    • $450,000
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      Commercial building in need of TLC in Atlanta, Georgia.
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    • New
      $870,000
      3,464 SF

      Corner Redevelopment Opportunity in Atlanta

      Prime corner lot with redevelopment potential in Atlanta, Georgia.
      2410 Metropolitan Pkwy SW, Atlanta, GA 30315
      View Details
    • New
      $870,000
      1.21 Acres

      Corner Redevelopment Opportunity in Atlanta

      Prime 1.2+ acre corner lot for mixed-use redevelopment.
      2410 Metropolitan Pkwy SW, Atlanta, GA 30315
      View Details
    • $450,000

      Commercial Building in Need of TLC

      Standalone commercial building for sale in an in-town location.
      2150 Metropolitan Pkwy Sw, Atlanta, GA 30315
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    Similar Nearby for Lease

    • New
      $1,875 /Mo
      103,237 SF

      Commercial Space Near Lakewood Amphitheater

      Retail and office suites available near I-75/85 and downtown Atlanta.
      1917 Pryor Rd, Atlanta, GA 30315
      View Details
    • New
      $1,875 /Mo
      7,700 SF

      Atlanta Commercial Space For Rent

      Commercial suites available near Lakewood Amphitheater, suitable for various businesses.
      1917 Pryor Rd SW, Atlanta, GA 30315
      View Details
    • $10 SF/Yr
      6,239 SF

      Atlanta Retail Sublease Opportunity

      6,239 SF Standalone Retail Building
      1701 Jonesboro Rd, Atlanta, GA 30315
      View Details
    • $14 SF/Yr
      300,204 SF

      Crossroads Shopping Center: Atlanta Retail

      High-traffic Atlanta retail space available.
      2091 Metropolitan Pkwy, Atlanta, GA 30315
      View Details
    • Contact for pricing
      2,800 SF

      Brownsville Pointe Restaurant Space

      Prime Atlanta Restaurant Opportunity. 2800 sq ft.
      105 Mcdonough Blvd, Atlanta, GA 30315
      View Details
    • $2,300 /Mo

      Renovated Top Floor Unit

      Fully renovated unit with open floor plan and expansive deck.
      668 Custer Ave SE, Atlanta, GA 30315
      View Details
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    121 Cleveland SE Ave
    Atlanta, GA 30315-8445
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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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