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

    1561 Mclendon NE Ave Atlanta, GA 30307-2167

    • Office buildings
    • 22,420 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $2,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1519218
    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

    • Citizen Advocacy Atlanta and DeKalb / Non-Profit Organization
    • Neighborhood Church / Methodist Church
    • All-1-Family, Inc. / Mental Health Service / Mental Health Clinic
    • The Learning Groove Music with Mr. Michael in Candler Park/ Little 5 Points / Music School

    Property Details for 1561 Mclendon NE Ave

    Year built
    1928
    Lot size
    0.69 lot acres
    Property size
    22,420 SF
    Zone code
    R100
    Property type
    Office buildings
    APN
    15 210 04 001
    APU
    1521004001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,642,000
      Market price range: $2.64M - $9.08M
      AI Estimate
      $1,958,000
      Market price range: $1.96M - $8.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3366
    Latitude
    33.7646
    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
    $0.00
    $36,280
    $134,760
    $171,040
    -
    $90,700
    $336,900
    $427,600

    Comparable in this City

    • Value Estimation
      $4,025,000
      15,693 SF

      903 Bernina NE Ave

      OFFICE BUILDING (MULTI-STORY) • 15,693 SF
      903 Bernina NE Ave, Atlanta, GA 30307-1901
      View Details
    • Value Estimation
      $2,570,000
      6,954 SF

      1707 Decatur NE Rd

      OFFICE BUILDING • 6,954 SF
      1707 Decatur NE Rd, Atlanta, GA 30307-1011
      View Details
    • Value Estimation by Request
      2,610 SF

      1463 Oxford NE Rd

      OFFICE BUILDING • 2,610 SF
      1463 Oxford NE Rd, Atlanta, GA 30307-4849
      View Details
    • Value Estimation
      $3,355,000
      10,000 SF

      874 Dekalb NE Ave

      OFFICE BUILDING • 10,000 SF
      874 Dekalb NE Ave, Atlanta, GA 30307-2573
      View Details
    • Value Estimation
      $1,925,000
      3,312 SF

      1649 Decatur NE Rd

      OFFICE BUILDING • 3,312 SF
      1649 Decatur NE Rd, Atlanta, GA 30307-1009
      View Details
    • Value Estimation
      $4,060,000
      16,000 SF

      331 Elizabeth NE St

      OFFICE BUILDING (MULTI-STORY) • 16,000 SF
      331 Elizabeth NE St, Atlanta, GA 30307-1962
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.02 Acres

      Inman Park Office Space - Beltline Access

      Stylish Atlanta Office, 4+ Offices, Beltline Access
      154 Krog St, Atlanta, GA 30307
      View Details
    • $4,180,000

      Inman Park Multifamily Opportunity

      19-unit multifamily property in Atlanta's Inman Park neighborhood.
      478 North Highland Ave, Atlanta, GA 30307
      View Details
    • $400,000
      1,354 SF

      Contemporary Atlanta Loft with Courtyard

      Two-story loft with modern amenities and social areas.
      195 Arizona Ave NE, Atlanta, GA 30307
      View Details
    • $299,900

      Edgewood Loft with Modern Luxury

      Well-maintained loft in vibrant Edgewood, near Beltline and MARTA.
      1221 Caroline St NE, Atlanta, GA 30307
      View Details
    • Contact for pricing

      Decatur Road Specialty Property

      Specialty property available for sale in Atlanta, Georgia.
      1707 N Decatur Rd, Atlanta, GA 30307
      View Details
    • $550,000
      1,508 SF

      Spacious Loft with Skyline Views

      Top-floor loft near Pullman Yard with luxurious amenities and skyline views.
      130 Arizona Ave NE, Atlanta, GA 30307
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      14,000 SF

      1530 DeKalb Avenue

      Office space • 14,000 SF
      1530 Dekalb Ave, Atlanta, GA 30307
      View Details
    • $35 SF/Yr
      1,018 SF

      Inman Park Loft Office Space

      Loft office near Beltline, restaurants, and coffee shops.
      834 Inman Village Pkwy NE, Atlanta, GA 30307
      View Details
    • $2,900 /Mo
      800 SF

      Furnished Inman Park Apartment Rental

      Furnished one-bedroom apartment near Beltline, utilities included.
      245 N Highland Ave NE, Atlanta, GA 30307
      View Details
    • Contact for pricing
      2,750 SF

      Retail Space on North Highland

      Prime retail location with high foot traffic and Beltline access.
      245 North Highland Ave Northeast, Atlanta, GA 30307
      View Details
    • $2,750 /Mo

      Furnished Inman Park Garden Apartment

      Renovated, fully furnished 1-bedroom apartment in vibrant Inman Park.
      201 Hurt St NE, Atlanta, GA 30307
      View Details
    • $2,900 /Mo
      800 SF

      Inman Park Furnished Condo Rental

      Furnished one-bedroom condo near Beltline Eastside trail, utilities included.
      245 N Highland Ave NE, Atlanta, GA 30307
      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.
    1561 Mclendon NE Ave
    Atlanta, GA 30307-2167
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.