Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 Constitution SE Rd Atlanta, GA 30316-4606

    • Warehouses
    • 155,652 SF
    • 52.54 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2023
    $26,000,000
    Value Estimations
    $22,665,000
    Show details
    Cap Rate Potential
    5%
    Warehouses
    Location Intelligence
    Property ID
    US22-1909296
    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

    • Shadowbox Studios / Film Production
    • Shadowbox Studios (formerly Blackhall Studios) / Film Production
    • Blackhall Studios now Shadowbox Studios / Film Production
    • Viking Construction / Consultant
    • Let Me Help You Clean / (Bike/Boat/Book/etc) Store

    Property Details for 1415 Constitution SE Rd

    Year built
    1987
    Lot size
    52.54 lot acres
    Property size
    155,652 SF
    Zone code
    M
    Property type
    Warehouses
    APN
    15 079 01 018
    APU
    1507901018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,870,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,190,000
      6.5%
      $16,790,000
      7%
      $15,590,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $22,510,000
      Current use
      OFFICE BUILDING
      $36,440,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3318
    Latitude
    33.6861
    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
    $1,501,212
    $1,547,120
    $20,613,440
    $22,160,560
    -
    $3,867,800
    $51,533,600
    $55,401,400

    Comparable in this City

    • Value Estimation
      $10,615,000
      96,204 SF

      1775 Continental SE Way

      WAREHOUSE, STORAGE • 96,204 SF
      1775 Continental SE Way, Atlanta, GA 30316-4708
      View Details
    • Value Estimation by Request
      6,150 SF

      1675 Moreland SE Ave

      WAREHOUSE, STORAGE • 6,150 SF
      1675 Moreland SE Ave, Atlanta, GA 30316-3179
      View Details
    • Value Estimation by Request
      1,950 SF

      736 Memorial SE Dr

      WAREHOUSE, STORAGE • 1,950 SF
      736 Memorial SE Dr, Atlanta, GA 30316
      View Details
    • Value Estimation
      $1,260,000
      14,752 SF

      1300 Fleetwood SE Dr

      WAREHOUSE, STORAGE • 14,752 SF
      1300 Fleetwood SE Dr, Atlanta, GA 30316-4544
      View Details
    • Value Estimation
      $500,000
      6,201 SF

      2540 Gresham SE Rd

      WAREHOUSE, STORAGE • 6,201 SF
      2540 Gresham SE Rd, Atlanta, GA 30316-4138
      View Details
    • Value Estimation by Request
      1,500 SF

      1067 Memorial SE Dr

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      1067 Memorial SE Dr, Atlanta, GA 30316-1473
      View Details

    Similar Nearby for Sale

    • $950,000
      1.55 Acres

      Atlanta Light Industrial Land Assemblage

      1.55 Acres, Prime Atlanta Location, $950,000
      3300 Woodstock Rd, Atlanta, GA 30316
      View Details
    • Contact for pricing
      8.03 Acres

      Atlanta Industrial Land - 8 Acres

      Prime Atlanta location, fully entitled, permit-ready IOS site.
      1055 Key Rd, Atlanta, GA 30316
      View Details
    • $739,900
      0.61 Acres

      Land in Prime Atlanta Location

      Land with endless possibilities near East Atlanta Village and Kirkwood.
      1670 Marbut Ave SE, Atlanta, GA 30316
      View Details
    • $159,000
      0.39 Acres

      Intown Atlanta Land Opportunity

      Land for sale near BeltLine, Grant Park, and East Atlanta.
      991 Custer Ave SE, Atlanta, GA 30316
      View Details
    • $159,000
      0.30 Acres

      Intown Land Near BeltLine, Atlanta

      Land for sale near the BeltLine, Grant Park, and East Atlanta.
      977 Custer Ave SE, Atlanta, GA 30316
      View Details
    • $950,000
      9.55 Acres

      Atlanta Land Development Opportunity

      9.5 acre residential land parcel in Atlanta for sale.
      2635 Clifton Run Pl, Atlanta, GA 30316
      View Details

    Similar Nearby for Lease

    • $5,900 /Mo

      Moreland Avenue Flex Space Available

      6,800 SF flex space near I-285 and downtown Atlanta.
      2460 Moreland Ave SE, Atlanta, GA 30316
      View Details
    • $5,900 /Mo

      Industrial Space with Drive-In Doors

      6,800 SF industrial property with drive-in doors for lease.
      2460 Moreland Ave SE, Atlanta, GA 30316
      View Details
    • $1,799 /Mo
      43,778 SF

      Retail Space Near Walmart

      Retail space with high visibility and recent updates.
      2517 Gresham Rd SE, Atlanta, GA 30316
      View Details
    • Contact for pricing
      2,112 SF

      Retail Space in Mixed-Use Community

      Retail space available in dynamic mixed-use community on the Beltline.
      475 Bill Kennedy Way Southeast, Atlanta, GA 30316
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      7-acre C-1 zoned lot, ideal for retail/restaurants.
      1270 Moreland Ave SE, Atlanta, GA 30316
      View Details
    • Contact for pricing

      Retail Space Near Supercenter

      Retail space with updated interior, high visibility, ample parking.
      2517 Gresham Rd SE, Atlanta, GA 30316
      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.
    1415 Constitution SE Rd
    Atlanta, GA 30316-4606
    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.
    Sign Up Successful!
    You now have access to more from Realmo!