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    1388 Joseph E Boone Blvd Nw Atlanta, GA 30314
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    Property profile & analytics

    1388 Joseph E Boone Blvd Nw Atlanta, GA 30314

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    • Retail space
    • 4,510 SF
    • 0.23 lot acres
    For Sale
    $899,000
    View Listing →
    Prime Atlanta Grocery Store Investment For Sale
    $899,000
    0.23 Acres

    Prime Atlanta Grocery Store Investment

    Established grocery store with long-term lease in prime Atlanta location.

    1388 Joseph E Boone Blvd Nw, Atlanta, GA 30314
    View Listing
    Property ID
    US22-1735580
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1388 Joseph E Boone Blvd Nw

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    4,510 SF
    Zone code
    R4
    Property type
    Retail space
    APN
    14 014200020347
    APU
    14014200020347

    Description

    This exceptional investment opportunity presents a prime retail property located at 1388 Joseph E Boone Boulevard NW, Atlanta, GA 30314. The property, built in 1954, sits on a 0.234-acre lot and encompasses a single building. Currently operating as a well-established business with multiple revenue streams including an ATM and gaming machine, this restaurant and bar offers immediate income generation. The lease has 12+ years remaining, providing long-term financial stability. Strategically located near a MARTA station, the Westside Beltline, and Mercedes-Benz Stadium, this property benefits from exceptionally high foot traffic and convenient access. This location within Fulton County, Georgia, offers a unique blend of historical charm and modern amenities, creating a highly desirable environment for both businesses and customers. The asking price is $999,900, representing a reduced price for a quick sale. This presents a rare chance to acquire a thriving business in a rapidly growing area of Atlanta. The property's strong existing income stream, combined with its prime location and long-term lease, makes it an ideal investment for those seeking immediate returns and significant future growth potential. Don't miss this chance to secure a piece of Atlanta's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $367,000
      Market price range: $258k - $669k

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4333
    Latitude
    33.7633
    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
    $5,306
    $86,280
    $41,880
    $128,160
    -
    $215,700
    $104,700
    $320,400

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      1017 Fair SW St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      1017 Fair SW St, Atlanta, GA 30314-3112
      View Details
    • Value Estimation by Request
      1,494 SF

      911 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,494 SF
      911 Joseph E Boone NW Blvd, Atlanta, GA 30314-3225
      View Details
    • Value Estimation by Request
      2,430 SF

      1620 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,430 SF
      1620 Joseph E Boone NW Blvd, Atlanta, GA 30314-1839
      View Details
    • Value Estimation by Request
      852 SF

      195 Anderson NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 852 SF
      195 Anderson NW Ave, Atlanta, GA 30314
      View Details
    • Value Estimation
      $760,000
      8,424 SF

      1576 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,424 SF
      1576 Joseph E Boone NW Blvd, Atlanta, GA 30314-2013
      View Details
    • Value Estimation by Request
      1,083 SF

      1141 Joseph E Boone NW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,083 SF
      1141 Joseph E Boone NW Blvd, Atlanta, GA 30314-2375
      View Details

    Similar Nearby for Sale

    • $699,900
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      Prime Atlanta Grocery Store Investment

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      64-unit multifamily property in Westside Atlanta, near BeltLine Trail.
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    Atlanta, GA 30314
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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.

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