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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Investment properties
1519 Carroll NW Dr Atlanta, GA 30318-3605
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1027709
Property summary
AI-generated overview
This exceptional 6,850-square-foot creative office space, located at 1519 Carroll Dr NW in Atlanta, GA 30318, presents a unique investment opportunity. Completely renovated in 2021 from an industrial warehouse, this Class A property boasts a flexible layout ideal for a variety of businesses. The two-story building features 11 private offices, two private call rooms, two conference rooms, and three additional meeting spaces, complemented by an open floor plan perfect for workstations. Amenities include five bathrooms (including one full bath), a break room, and a kitchenette. The building sits on a 6,850 square foot lot and offers approximately 2,912 square feet on the upper level and approximately 3,938 square feet on the lower level. Its I1 zoning allows for a wide range of office, commercial, and industrial uses, maximizing its potential. This prime location in Atlanta's Upper West Side is experiencing significant redevelopment, making this a truly unparalleled opportunity. The property is currently vacant and ready for immediate occupancy. This is a rare chance to acquire a fully renovated, versatile commercial space in a thriving Atlanta neighborhood.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
8,000 SF
Lot
0.24 ac (10,498 SF)
Zoning code
I1
APN
17 022300070891
UPID
US22-1027709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brandmovers (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.53M
Owner & transaction history
Investoak LLC · 6 yrs held
Investoak LLC
since 2020
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,095,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,510,000
Current use
INDUSTRIAL (GENERAL)
$2,495,000
Change: -1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,175,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$2,175,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $2.00M (Feb 28 2025)
Last sale anchor
$2.00M
Feb 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,524
Tax year 2023
Assessed value
$447,440
Assessed 2023
Previous assessed
$434,000
+3.1% YoY
Effective rate
4.14%
On assessed value
Assessed land
$100,560
Assessed improvement
$346,880
Land market value
$251,400
Improvement market value
$867,200
Total market value
$1,118,600
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Total area
8,000 SF
Lot
0.24 ac (10,498 SF)
Zoning code
I1
APN
17 022300070891
UPID
US22-1027709
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
YES
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Investoak LLC
Entity
Mailing address
4494 WOODLAND BRK DR SE, ATLANTA, GA 30339-5365
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
$1,085,000
Investoak LLC
Cox Johnson Re LLC
Grant Deed
$868,000 · United Cmnty Bk
Oct 28, 2011
$317,500
Cox Johnson Re LLC
Godwin,edward A
Grant Deed
$278,400 · Suntrust Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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