Sign Up Successful!
You now have access to more from Realmo!
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

    1551 Perry NW Blvd Atlanta, GA 30318-4045

    • Specialty properties
    • 40,153 SF
    • 5.07 lot acres
    OFF-MARKET
    Value Estimations
    $3,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3725912
    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

    • Atlanta Humane Society / Animal Shelter / Pet Adoption Service
    • Alpharetta Web & SEO / Marketing & Advertising

    Property Details for 1551 Perry NW Blvd

    Year built
    2021
    Lot size
    5.07 lot acres
    Property size
    40,153 SF
    Zone code
    I2
    Property type
    Specialty properties
    APN
    17 0224 LL0567
    APU
    170224LL0567

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $3,375,000
      Current use
      OFFICE BUILDING
      $4,975,000
      Change: +47% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,430,000
      Change: +31% Conversion: Difficult
      RESTAURANT
      $4,300,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $2,935,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4386
    Latitude
    33.7899
    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
    $0.00
    $821,720
    $7,910,200
    $8,731,920
    -
    $2,054,300
    $19,775,500
    $21,829,800

    Comparable in this City

    • Value Estimation by Request
      2,312 SF

      751 Rice NW St

      CHARITABLE ORGANIZATION • 2,312 SF
      751 Rice NW St, Atlanta, GA 30318-8017
      View Details
    • Value Estimation by Request
      648 SF

      1633 Donald Lee Hollowell NW Pkwy

      CHARITABLE ORGANIZATION • 648 SF
      1633 Donald Lee Hollowell NW Pkwy, Atlanta, GA 30318-5007
      View Details
    • Value Estimation
      $11,035,000
      16,944 SF

      981 Howell Ml NW Rd

      VETERINARY, ANIMAL HOSPITAL • 16,944 SF
      981 Howell Ml NW Rd, Atlanta, GA 30318-5512
      View Details
    • Value Estimation
      $715,000
      15,908 SF

      771 Donald Lee Hollowell NW Pkwy

      CHARITABLE ORGANIZATION • 15,908 SF
      771 Donald Lee Hollowell NW Pkwy, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      7,685 SF

      2000 Moores Ml NW Rd

      VETERINARY, ANIMAL HOSPITAL • 7,685 SF
      2000 Moores Ml NW Rd, Atlanta, GA 30318-1312
      View Details
    • Value Estimation by Request
      1,313 SF

      887 Marietta NW St

      CHARITABLE ORGANIZATION • 1,313 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details

    Similar Nearby for Sale

    • $2,520,000
      3,987 SF

      Luxury Townhomes Near Georgia Tech

      New townhomes with rooftop terraces, city views, and luxury finishes.
      1205 Holly St NW, Atlanta, GA 30318
      View Details
    • $350,000
      0.63 Acres

      Historic Atlanta Church - $350K

      Versatile 0.625-acre church; prime location.
      1493 Joseph E Boone Blvd, Atlanta, GA 30318
      View Details
    • New
      $875,000
      0.11 Acres

      Atlanta Multifamily Investment Opportunity

      7-bedroom, 4-bath rooming house near GA Tech.
      1079 Tumlin St NW, Atlanta, GA 30318
      View Details
    • $350,000
      7,000 SF

      Midtown Atlanta Ga

      Restaurants • 7,000 SF
      0 Midtown Atlanta Ga, Atlanta, GA 30318
      View Details
    • Contact for pricing
      5,846 SF

      Prime Atlanta Restaurant Space

      Atlanta Retail Opportunity: High-Traffic Location
      288 14Th St, Atlanta, GA 30318
      View Details
    • $900,000
      0.67 Acres

      Atlanta Commercial Land - Bolton Rd

      Prime 0.67-acre corner lot, MRC-1 zoning.
      2100 Bolton Rd, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,000 SF

      Atlanta Industrial Building with Loading

      18,000 SF industrial building on 2.238 acres in Atlanta.
      930 Chattahoochee Ave Northwest, Atlanta, GA 30318
      View Details
    • $45 SF/Yr
      7,200 SF

      Marietta Blvd Retail Ground Lease

      7,200 SF Retail Space in Atlanta, GA
      2085 Marietta Blvd, Atlanta, GA 30318
      View Details
    • $35 SF/Yr
      135,000 SF

      West Marietta Street Property Available

      Specialty property available for rent with 135,000 square feet.
      887 West Marietta St NW, Atlanta, GA 30318
      View Details
    • $1.71 SF/Yr
      21,000 SF

      Atlanta Industrial Yard - 0.5 Acres

      Secure fenced yard, ample parking, ideal for box trucks.
      2342 Bolton Rd, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Class A Multi-Family Development

      336-unit Class A multi-family development near Georgia Tech.
      1000 Northside Dr Northwest, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Atlanta Commercial Land - 3.35 Acres

      Prime Atlanta land, C-1 zoning, ideal for development.
      2790 Donald Lee Hollowell Pkwy, Atlanta, GA 30318
      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.
    1551 Perry NW Blvd
    Atlanta, GA 30318-4045
    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.