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

    1509 Virginia Ave College Park, GA 30337-2841

    • Retail space
    • 3,720 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0932757
    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

    • Retail space

    Property Details for 1509 Virginia Ave

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    3,720 SF
    Zone code
    R3
    Property type
    Retail space
    APN
    14 015900120139
    APU
    14015900120139

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $665,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $386,000
      Market price range: $133k - $704k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $835,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4384
    Latitude
    33.6596
    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
    $4,166
    $107,520
    $40,080
    $147,600
    -
    $268,800
    $100,200
    $369,000

    Comparable in this City

    • Value Estimation
      $925,000
      7,177 SF

      4003 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,177 SF
      4003 Main St, College Park, GA 30337-4309
      View Details
    • Value Estimation by Request
      3,764 SF

      3433 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,764 SF
      3433 Main St, College Park, GA 30337-1911
      View Details
    • Value Estimation by Request
      2,072 SF

      3769 College St

      RETAIL STORES (PERSONAL SERVICES) • 2,072 SF
      3769 College St, College Park, GA 30337-3541
      View Details
    • Value Estimation
      $880,000
      9,160 SF

      4764 Old National Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,160 SF
      4764 Old National Hwy, College Park, GA 30337
      View Details
    • Value Estimation
      $670,000
      6,000 SF

      2615 Sullivan Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      2615 Sullivan Rd, Atlanta, GA 30337-6205
      View Details
    • Value Estimation by Request
      2,870 SF

      1662 Vesta Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,870 SF
      1662 Vesta Ave, College Park, GA 30337-1425
      View Details

    Similar Nearby for Sale

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      Historic College Park Retail Center

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    • $2,550,000

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      20-unit apartment building fully renovated in 2023, prime location.
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    • $85,000
      0.69 Acres

      Residential Land in College Park

      Large R! lot ready for your dream home.
      W Lyle Rd, College Park, GA 30337
      View Details
    • Contact for pricing
      13.69 Acres

      College Park Commercial Land - 13.69 Acres

      Prime Airport Area Development Opportunity
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      View Details
    • $470,000
      3.00 Acres

      Atlanta Commercial Land - $470K

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    Similar Nearby for Lease

    • $1,200 /Mo
      133,136 SF

      Aerotropolis Center Commercial Space

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Office 107, College Park, GA 30337
      View Details
    • Contact for pricing
      1,497 SF

      Roosevelt Office Park Suites Available

      Modern Office Suites, College Park, GA
      2523 Roosevelt Hwy, College Park, GA 30337
      View Details
    • $7 SF/Yr
      137,165 SF

      College Park Warehouse - 137,165 SF

      Prime Airport Distribution Center, 78,962 SF Available
      2011 Sullivan Rd, College Park, GA 30337
      View Details
    • $3,800 /Mo
      7,376 SF

      Downtown College Park Office Space

      Commercial office space in downtown College Park, available immediately.
      3755 Main St, College Park, GA 30337
      View Details
    • $25 SF/Yr
      3,584 SF

      Office Space with Window Offices

      Office space featuring reception, conference room, and multiple window offices.
      4751 Best Rd, Atlanta, GA 30337
      View Details
    • $1,500 /Mo
      133,136 SF

      Aerotropolis Commercial Space for Rent

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Office 108, College Park, GA 30337
      View Details
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    1509 Virginia Ave
    College Park, GA 30337-2841
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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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