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

    1418 W Spring St Smyrna, GA 30080

    • Assisted living facilities
    • 11,987 SF
    • 0.60 lot acres
    For Sale
    View listing
    Last Sale
    Apr 06, 2022
    $4,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1156813
    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

    • The Gardens of Smyrna / Nursing Home / Retirement Community
    • Gardens of Magnolia Trail / Nursing Home / Retirement Community
    • Smyrna Village Memory Care Community / Nursing Home / Retirement Community

    Property Details for 1418 W Spring St

    Year built
    1973
    Lot size
    0.60 lot acres
    Property size
    11,987 SF
    Zone code
    OI
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    17055900590
    APU
    17055900590

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,535,000
      ML approach
      $4,855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,703,000
      Market price range: $905k - $4.73M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,900,000
      WAREHOUSE, STORAGE
      $4,500,000
      MEDICAL BUILDING
      $2,945,000
      RETAIL STORES
      $2,770,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5122
    Latitude
    33.8833
    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
    $17,147
    $195,376
    $435,960
    $631,336
    -
    $488,440
    $1,089,900
    $1,578,340

    Comparable in this City

    • Value Estimation by Request
      768 SF

      Smyrna, GA 30080

      HOMES (RETIRED, NURSING) • 768 SF
      Smyrna, GA 30080
      View Details
    • Value Estimation by Request
      1,454 SF

      Smyrna, GA 30080

      HOMES (RETIRED, NURSING) • 1,454 SF
      Smyrna, GA 30080
      View Details
    • Value Estimation
      $2,425,000
      42,496 SF

      Cobb Dr

      HOMES (RETIRED, NURSING) • 42,496 SF
      Cobb Dr, Smyrna, GA 30080
      View Details
    • Value Estimation by Request
      12.41 Acres

      4005 Cobb SE Dr

      HOMES (RETIRED, NURSING) • 12.41 Acres
      4005 Cobb SE Dr, Smyrna, GA 30080-6307
      View Details
    • Value Estimation
      $7,095,000
      84,393 SF

      4838 Cobb SE Dr

      HOMES (RETIRED, NURSING) • 84,393 SF
      4838 Cobb SE Dr, Smyrna, GA 30080-7121
      View Details
    • Value Estimation by Request
      11.70 Acres

      Smyrna, GA 30080

      HOSPITAL - PRIVATE • 11.70 Acres
      Smyrna, GA 30080
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Smyrna Memory Care Facility

      Fully furnished 38-unit memory care facility near Atlanta.
      1418 W Spring St, Smyrna, GA 30080
      View Details
    • $289,900
      0.82 Acres

      Smyrna Commercial Land - Huge Potential

      0.82-Acre Lot, Approved Site Plan
      1806 Atlanta Rd, Smyrna, GA 30080
      View Details
    • Contact for pricing
      1,150 SF

      Move-in Ready Smyrna Condo

      Top-floor, 2-bedroom condo near Smyrna Market Village and Truist Park.
      2308 Country Park Dr SE, Smyrna, GA 30080
      View Details
    • $425,000
      1,075 SF

      Smyrna Renovated Mixed-Use Property

      Fully renovated property in Smyrna, suitable for residential or commercial use.
      1651 Donna Lynn Dr, Smyrna, GA 30080
      View Details
    • $125,000
      0.69 Acres

      Smyrna Commercial Land - $125,000

      Prime Cobb County land, ideal for development.
      1820 Atlanta Rd, Smyrna, GA 30080
      View Details
    • Contact for pricing
      1,402 SF

      Top-Floor Condo in Village Green

      Move-in ready 3-bedroom condo near downtown Smyrna and Truist Park.
      1307 Madison Ln SE, Smyrna, GA 30080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,460 SF

      Smyrna Retail Space Available

      High-traffic location, 1,500 sq ft.
      1810-1928 Spring Rd, Smyrna, GA 30080
      View Details
    • Contact for pricing
      14,300 SF

      Vinings Court Retail Space for Lease

      Smyrna retail space, 1,500 sq ft available.
      4691 Atlanta Rd, Smyrna, GA 30080
      View Details
    • Contact for pricing
      66,647 SF

      Cobb Parkway Retail Outparcels

      High-traffic retail land, two parcels available.
      2086 Cobb Pkwy, Smyrna, GA 30080
      View Details
    • Contact for pricing
      41,037 SF

      Ivy Walk Retail Center

      High-traffic retail spaces available
      1675 Cumberland Pkwy, Smyrna, GA 30080
      View Details
    • $6 SF/Yr
      20,000 SF

      Smyrna Office Space with Dock

      Office space featuring dock and drive-in doors in Smyrna.
      Smyrna, GA 30080
      View Details
    • Contact for pricing
      1,350 SF

      Retail Center Near The Battery

      27,865 SF retail center in booming Smyrna, Georgia.
      2680 Cobb Pkwy SE, Smyrna, GA 30080
      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.
    1418 W Spring St
    Smyrna, GA 30080
    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!