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

    1306 Concord SE Rd Smyrna, GA 30080-4313

    • Investment properties
    • 1,987 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    8.9%
    Investment properties
    Location Intelligence
    Property ID
    US22-1060803
    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

    • Tara Simon Studios / Music School / Guitar Instructor
    • Click2X / Website Designer

    Property Details for 1306 Concord SE Rd

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    1,987 SF
    Zone code
    CBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17052300250
    APU
    17052300250

    Description

    This exceptional 1,987-square-foot commercial property, located at 1306 Concord Rd SE in Smyrna, Georgia, 30080, presents a unique leasing opportunity. Situated in the Central Business District (CBD), this single-tenant space boasts high visibility due to its location on Concord Rd SE, which sees 23,343 vehicles per day. The building, constructed in 1910 and recently renovated, offers a blend of traditional and creative office space, making it suitable for a variety of businesses. The layout includes five private offices, a reception area, a break room, and a private restroom. The property sits on 0.4 acres of land and features a building floor area ratio (FAR) of 6.03. Ample parking is provided with 12 spaces available on-site. This one-story building offers a versatile space ideal for businesses seeking a prominent location in a thriving area with easy access to Downtown Smyrna. The property is zoned for Central Business District (CBD) uses, allowing for a range of potential tenants. This is an excellent opportunity to secure a well-maintained, conveniently located commercial space in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $435,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $332,000
      Market price range: $141k - $554k

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

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5158
    Latitude
    33.8799
    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
    2024
    $3,392
    $68,768
    $56,120
    $124,888
    -
    $171,920
    $140,300
    $312,220

    Comparable in this City

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      2359 Ventura SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 816 SF
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      View Details
    • Value Estimation
      $245,000
      1,012 SF

      1111 Hillside SE Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,012 SF
      1111 Hillside SE Dr, Smyrna, GA 30080-1509
      View Details
    • Value Estimation
      $265,000
      416 SF

      3461 Cobb SE Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 416 SF
      3461 Cobb SE Dr, Smyrna, GA 30080-4172
      View Details
    • Value Estimation
      $635,000
      12,609 SF

      4055 Atlanta SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,609 SF
      4055 Atlanta SE Rd, Smyrna, GA 30080-5909
      View Details
    • Value Estimation
      $455,000
      1,135 SF

      1951 Old Concord SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,135 SF
      1951 Old Concord SE Rd, Smyrna, GA 30080-1120
      View Details
    • Value Estimation
      $265,000
      1,344 SF

      894 Pat Mell SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,344 SF
      894 Pat Mell SE Rd, Smyrna, GA 30080-1243
      View Details

    Similar Nearby for Sale

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      Prime land parcel in Smyrna, ideal for development.
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    Similar Nearby for Lease

    • Contact for pricing
      1,350 SF

      Retail Center Near The Battery

      27,865 SF retail center in booming Smyrna, Georgia.
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      View Details
    • $75 SF/Yr
      4,800 SF

      Smyrna Mixed-Use Office & Warehouse

      Prime Smyrna location, versatile space.
      1380 Spring St, Smyrna, GA 30080
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space at High-Traffic Intersection

      Retail space available at the intersection of South Cobb and Pat Mell.
      301-371 Pat Mell Rd SE, Smyrna, GA 30080
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on Atlanta Road

      Retail space with high visibility in Smyrna, Georgia.
      3246 Atlanta Rd SE, Smyrna, GA 30080
      View Details
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      Smyrna Office Space for Lease

      Prime Cobb County location, multiple suites available.
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      View Details
    • Contact for pricing

      Freestanding Building on South Cobb

      9,504 SF freestanding building with ample parking and high visibility.
      3821 South Cobb Dr, Smyrna, GA 30080
      View Details
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    1306 Concord SE Rd
    Smyrna, GA 30080-4313
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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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