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

    1607 Connally Dr East Point, GA 30344-2561

    • Auto shops
    • 2,430 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2020
    $152,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1771960
    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

    • Auto shops

    Property Details for 1607 Connally Dr

    Year built
    1955
    Lot size
    0.14 lot acres
    Property size
    2,430 SF
    Zone code
    I1
    Property type
    Auto shops
    APN
    14 015600050388
    APU
    14015600050388

    Description

    This exceptional single-tenant warehouse, located at 1607 Connally Dr in East Point, Georgia, offers 2,430 square feet of versatile space. Ideal for distribution or retail operations, the property boasts a convenient I1 zoning classification within Fulton County. The building is entirely vacant, presenting a unique opportunity for immediate occupancy. With five drive-in bays, loading and unloading are efficient and streamlined. The property's address is 1607 Connally Dr, East Point, GA 30344. Its strategic location provides easy access to major transportation routes, enhancing logistical efficiency for businesses. The building's single-tenant status ensures operational simplicity and control. The 2,430 square feet of space offers ample room for storage, operations, and potential expansion. This property is zoned I1, making it suitable for a range of industrial and related uses. The five drive-in doors provide convenient access for loading and unloading goods. This is a rare opportunity to acquire a fully vacant, ready-to-occupy warehouse in a desirable location. Don't miss this chance to secure a prime industrial space in a thriving area.

    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
    East Point
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4414
    Latitude
    33.686
    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
    $1,665
    $33,120
    $25,880
    $59,000
    -
    $82,800
    $64,700
    $147,500

    Comparable in this City

    • Value Estimation
      $785,000
      8,333 SF

      3333 Delta St

      AUTO REPAIR, GARAGE • 8,333 SF
      3333 Delta St, East Point, GA 30344
      View Details
    • Value Estimation by Request
      8,280 SF

      2609 Church St

      AUTO REPAIR, GARAGE • 8,280 SF
      2609 Church St, East Point, GA 30344-3103
      View Details
    • Value Estimation by Request
      1,914 SF

      1621 Connally Dr

      AUTO REPAIR, GARAGE • 1,914 SF
      1621 Connally Dr, East Point, GA 30344-2561
      View Details
    • Value Estimation by Request
      2,180 SF

      1365 Willingham Dr

      AUTO REPAIR, GARAGE • 2,180 SF
      1365 Willingham Dr, East Point, GA 30344-4941
      View Details
    • Value Estimation by Request
      1,317 SF

      1543 Taylor Ave

      AUTO REPAIR, GARAGE • 1,317 SF
      1543 Taylor Ave, East Point, GA 30344-4242
      View Details
    • Value Estimation by Request
      1,730 SF

      2807 Church St

      AUTO REPAIR, GARAGE • 1,730 SF
      2807 Church St, East Point, GA 30344-3217
      View Details

    Similar Nearby for Sale

    • $375,000
      2,800 SF

      Downtown East Point Commercial Property

      Commercial property in the heart of Downtown East Point, Georgia.
      2796 East Point St, East Point, GA 30344
      View Details
    • $375,000
      2,800 SF

      East Point Retail Investment Opportunity

      Commercial property with two retail units in downtown East Point.
      2796 East Point St, East Point, GA 30344
      View Details
    • New
      $374,900
      Pending

      Commercial Property on Washington Road

      Commercial property in rapidly developing corridor near Hartsfield-Jackson Airport.
      3230 Washington Rd, Atlanta, GA 30344
      View Details
    • $699,000
      1.17 Acres

      East Point Commercial Land - $699K

      1.17 Acres, High Traffic, Main Street
      0 Main St, East Point, GA 30344
      View Details
    • Contact for pricing
      24,060 SF

      East Point Industrial Warehouse Trio

      Three warehouse buildings, 24,060 SF total.
      1577 Taylor Ave, East Point, GA 30344
      View Details
    • $795,000

      Theater Special Use Space

      Theater space with public assembly zoning and high ceilings.
      2823 Church St, Atlanta, GA 30344
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      165,528 SF

      Gated Lot Near Airport

      Secure, level lot ideal for parking or outdoor storage.
      1445 Cleveland Ave, East Point, GA 30344
      View Details
    • $2,500 /Mo
      21,780 SF

      Gated Lot Near Airport

      Secure, level lot ideal for parking or outdoor storage.
      1445 Cleveland Ave, East Point, GA 30344
      View Details
    • Contact for pricing
      20,001 SF

      Glenridge Springs Retail Storefront

      Prime Atlanta Retail Space Available
      5610 Glenridge Dr, East Point, GA 30344
      View Details
    • $800 /Mo
      7,500 SF

      East Point Office Suite

      Private office suite in secure, gated East Point complex.
      1445 Cleveland Ave, East Point, GA 30344
      View Details
    • Contact for pricing
      52,162 SF

      Freestanding Industrial Building Near Airport

      52,162 SF industrial building with loading and storage.
      1631 Willingham Dr, Atlanta, GA 30344
      View Details
    • $900 /Mo

      Light Industrial Zoned Property

      Flat, fenced property with multiple structures and development potential.
      Grove Ave, Atlanta, GA 30344
      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.
    1607 Connally Dr
    East Point, GA 30344-2561
    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.