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    Property profile & analytics

    1469 Joseph E Boone Blvd Atlanta, GA 30314

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2155116
    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

    • Commercial real estate

    Property Details for 1469 Joseph E Boone Blvd

    Property type
    Commercial real estate

    Description

    This exceptional 20-lot residential land parcel presents a remarkable investment opportunity in the thriving Atlanta, GA market. Located at 1469 Joseph E. Boone Blvd NW, Atlanta, Fulton County, GA 30314 (33.7637022, -84.4356418), this property is ideally situated within Woodlawn Estates. The asking price has recently been reduced, making this an even more compelling proposition for developers seeking to capitalize on the strong demand for residential properties in this area. The land is designated for residential development, offering significant potential for building a diverse range of homes. All utilities are assumed to be available, although buyers are advised to conduct their own due diligence to verify this. The property's location within Atlanta offers convenient access to major transportation routes, shopping centers, schools, and other amenities. This is a turnkey opportunity for developers looking to build a thriving residential community. The sale includes all 20 developed lots, ready for immediate construction. Detailed site plans and further information are available upon request. This is a rare chance to acquire a substantial land holding in a highly desirable Atlanta neighborhood. The price reduction reflects a motivated seller and presents a compelling opportunity for a swift transaction. Don't miss this chance to secure this prime Atlanta real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4356418
    Latitude
    33.7637022

    Comparable in this City

    • Contact for pricing
      0.39 Acres

      Atlanta Land: 0.39 Acres

      Prime Residential Development Site
      905 Mayson Turner Rd, Atlanta, GA 30314
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    • $16,200,000
      8.69 Acres

      Atlanta Beltline Multifamily Portfolio

      180 Units, 8.69 Acres, Prime Location
      1073 Neal Pl, Atlanta, GA 30314
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    • New
      $485,000
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      Furnished Atlanta Home/Rental Property

      Fully furnished 5-bedroom home, ideal for family or rental.
      973 Mayson Turner Rd NW, Atlanta, GA 30314
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    • $1,600,000

      512 Lindsay St

      Multifamily properties
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    • $275,000
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      Atlanta Rooming House Investment

      5-Unit, High-Occupancy Property
      521 Joseph E Lowery Blvd, Atlanta, GA 30314
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    • $3,300,000

      Renovated Multifamily in Westside Atlanta

      Recently renovated 27-unit multifamily property in a convenient location.
      150 Fairfield Pl NW, Atlanta, GA 30314
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    Similar Nearby for Sale

    • Contact for pricing
      0.39 Acres

      Atlanta Land: 0.39 Acres

      Prime Residential Development Site
      905 Mayson Turner Rd, Atlanta, GA 30314
      View Details
    • $497,900
      0.30 Acres

      Updated Duplex in Fulton County

      Move-in ready duplex with modern finishes and strong rental appeal.
      308 Anderson Ave NW, Atlanta, GA 30314
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    • $497,900
      0.30 Acres

      Updated Duplex in Fulton County

      Move-in ready duplex with modern finishes and strong rental appeal.
      308 Anderson Ave NW, Atlanta, GA 30314
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    • $505,900
      0.28 Acres

      Atlanta Duplex: Investor Opportunity

      Two-story duplex in Atlanta, ideal for long-term rentals.
      2054 Joseph E Boone Blvd NW, Atlanta, GA 30314
      View Details
    • $375,000
      0.19 Acres

      Atlanta Duplex Near Beltline

      Fully occupied duplex in West End Atlanta near Beltline.
      159 Lawton St SW, Atlanta, GA 30314
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    • New
      $599,900
      Pending

      Renovated Tri-Plex Turnkey Investment

      Completely renovated tri-plex near downtown Atlanta, a turnkey investment opportunity.
      1019 Westmoor Dr NW, Atlanta, GA 30314
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    Similar Nearby for Lease

    • $2,800 /Mo
      1,350 SF

      Townhome-Style Duplex Near Downtown Atlanta

      Newer duplex with modern amenities, convenient location, and ample storage.
      215 Anderson Ave NW, Atlanta, GA 30314
      View Details
    • $2,650 /Mo
      1,350 SF

      Sun-Filled Townhome-Style Duplex For Rent

      Townhome-style duplex with modern amenities, convenient location, and included utilities.
      215 Anderson Ave NW, Atlanta, GA 30314
      View Details
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    1469 Joseph E Boone Blvd
    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.

    More about this property
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