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

    1611 Mt Vernon Rd Atlanta, GA 30338-4224

    • Office buildings
    • 7,000 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0031047
    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

    • Mount Vernon Eye Care, PC and Dunwoody Opticians / Ophthalmologist / Optometrist
    • Atlanta Vision Institute - Dunwoody / Eye Care Center / Ophthalmologist
    • Zen B. Rondowsky, OD / Optometrist
    • Zenio Boris Rondowsky / Optometrist
    • Zbetr / Store

    Property Details for 1611 Mt Vernon Rd

    Year built
    1968
    Construction
    WOOD FRAME
    Lot size
    0.34 lot acres
    Property size
    7,000 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    18 366 05 010
    APU
    1836605010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,665,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,245,000
      Market price range: $982k - $1.89M
      AI Estimate
      $1,051,000
      Market price range: $335k - $1.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,195,000
      Current use
      COMMERCIAL (GENERAL)
      $1,970,000
      Change: +64% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,905,000
      Change: +59% Conversion: Difficult
      MEDICAL BUILDING
      $1,905,000
      Change: +59% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,780,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $1,570,000
      Change: +31% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3333
    Latitude
    33.9459
    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
    $20,299
    $151,200
    $352,800
    $504,000
    -
    $378,000
    $882,000
    $1,260,000

    Comparable in this City

    • Value Estimation
      $8,185,000
      44,992 SF

      4800 Ashford Dunwoody Rd

      OFFICE BUILDING • 44,992 SF
      4800 Ashford Dunwoody Rd, Dunwoody, GA 30338-4829
      View Details
    • Value Estimation
      $2,640,000
      21,218 SF

      4675 Shallowford Rd

      OFFICE BUILDING • 21,218 SF
      4675 Shallowford Rd, Atlanta, GA 30338-6309
      View Details
    • Value Estimation
      $1,260,000
      5,194 SF

      4651 Chamblee Dunwoody Rd

      OFFICE BUILDING • 5,194 SF
      4651 Chamblee Dunwoody Rd, Dunwoody, GA 30338-6339
      View Details
    • Value Estimation
      $2,310,000
      20,018 SF

      4848 Ashford Dunwoody Rd

      OFFICE BUILDING • 20,018 SF
      4848 Ashford Dunwoody Rd, Dunwoody, GA 30338-4829
      View Details
    • Value Estimation by Request
      880 SF

      5518 Chamblee Dunwoody Rd

      OFFICE BUILDING • 880 SF
      5518 Chamblee Dunwoody Rd, Atlanta, GA 30338-4108
      View Details
    • Value Estimation
      $610,000
      3,340 SF

      4584 Chamblee Dunwoody Rd

      OFFICE BUILDING • 3,340 SF
      4584 Chamblee Dunwoody Rd, Atlanta, GA 30338-6211
      View Details

    Similar Nearby for Sale

    • $1,000,000
      7,480 SF

      Dunwoody Office Building For Sale

      Well-maintained office building in Dunwoody, ideal for investors/owner-users.
      2394 Mount Vernon Rd, Atlanta, GA 30338
      View Details
    • $1,750,000
      5,445 SF

      North Atlanta Office Building

      5,445 SF Office, 1+ Acre Lot
      4661 Shallowford Rd, Atlanta, GA 30338
      View Details
    • Contact for pricing

      Dunwoody Office Space Available

      Office space featuring conference rooms, offices, and workstations.
      Dunwoody, GA 30338
      View Details
    • $329,900
      1,168 SF

      Dunwoody Condo with Garden View

      Spacious 2 bed/2 bath condo in Dunwoody with garden view.
      1850 Cotillion Dr, Dunwoody, GA 30338
      View Details
    • $325,000
      1,534 SF

      Dunwoody Condo with Flexible Layout

      Well-maintained condo with split bedroom plan and updated bathrooms.
      4502 Pineridge Cir, Dunwoody, GA 30338
      View Details
    • $440,000
      2,500 SF

      Wasabi House: Dunwoody Restaurant

      Upscale Japanese Restaurant, Turnkey Operation
      5500 Chamblee Dunwoody Rd, Dunwoody, GA 30338
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      153,690 SF

      Modern Office Suite Sublease

      Move-in-ready office suite with contemporary finishes and excellent natural light.
      200 Ashford Center Pkwy North, Atlanta, GA 30338
      View Details
    • Contact for pricing
      500 SF

      Peachtree Perimeter Office Suites

      Prestigious Dunwoody offices, 150-1000 sq ft.
      1050 Crown Pointe Pkwy, Dunwoody, GA 30338
      View Details
    • $24 SF/Yr
      13,870 SF

      Office Space with On-Site Amenities

      Office space featuring on-site management, security, and modern amenities.
      200 Ashford Ctr N, Atlanta, GA 30338
      View Details
    • $26 SF/Yr
      161,247 SF

      Dunwoody Office Space for Lease

      Class A Office Building, Central Perimeter
      100 Ashford Ctr, Dunwoody, GA 30338
      View Details
    • $19 SF/Yr
      7,011 SF

      Dunwoody Medical Office Space for Lease

      Efficient medical office space in prime Dunwoody location.
      1750 Old Spring House Ln, Dunwoody, GA 30338
      View Details
    • $25 SF/Yr
      11,452 SF

      Dunwoody Office Space for Lease

      Prime Dunwoody Office, 1,452 SF
      1867 Independence Sq, Dunwoody, GA 30338
      View Details
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    1611 Mt Vernon Rd
    Atlanta, GA 30338-4224
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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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