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

    1660 Jonesboro SE Rd Atlanta, GA 30315-5259

    • Grocery and convenience stores
    • 6,270 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2022
    $500,000
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0853565
    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

    • Little Bear Food Mart / Convenience Store / Beer Store

    Property Details for 1660 Jonesboro SE Rd

    Year built
    1939
    Lot size
    0.29 lot acres
    Property size
    6,270 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    14 005700270010
    APU
    14005700270010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $520,000
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $370,000
      Market price range: $370k - $1.38M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $690,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3792
    Latitude
    33.7066
    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
    $2,843
    $42,000
    $26,680
    $68,680
    -
    $105,000
    $66,700
    $171,700

    Comparable in this City

    • Value Estimation
      $340,000
      1,850 SF

      1465 Blvd SE Blvd

      CONVENIENCE STORE • 1,850 SF
      1465 Blvd SE Blvd, Atlanta, GA 30315
      View Details
    • Value Estimation
      $275,000
      6,700 SF

      221 Cleveland SW Ave

      CONVENIENCE STORE • 6,700 SF
      221 Cleveland SW Ave, Atlanta, GA 30315-8205
      View Details
    • Value Estimation
      $335,000
      4,184 SF

      840 Mcdonough SE Blvd

      CONVENIENCE STORE • 4,184 SF
      840 Mcdonough SE Blvd, Atlanta, GA 30315-5519
      View Details
    • Value Estimation
      $265,000
      1,876 SF

      151 Cleveland SW Ave

      CONVENIENCE STORE • 1,876 SF
      151 Cleveland SW Ave, Atlanta, GA 30315-8258
      View Details
    • Value Estimation
      $325,000
      3,684 SF

      199 Cleveland SW Ave

      GROCERY, SUPERMARKET • 3,684 SF
      199 Cleveland SW Ave, Atlanta, GA 30315-8258
      View Details
    • Value Estimation
      $455,000
      4,840 SF

      808 Mcdonough SE Blvd

      CONVENIENCE STORE • 4,840 SF
      808 Mcdonough SE Blvd, Atlanta, GA 30315-5510
      View Details

    Similar Nearby for Sale

    • $696,065
      7,327 SF

      Atlanta SW Convenience Store

      High-Traffic Retail Investment Opportunity
      2836 Lakewood Ave, Atlanta, GA 30315
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    • $349,900

      Jonesboro Road Retail Investment

      Established Convenience Store with House
      1553 Jonesboro Rd, Atlanta, GA 30315
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    • $450,000
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      Standalone Commercial Building in Atlanta

      Commercial building in need of TLC in Atlanta, Georgia.
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    • $450,000

      Commercial Building in Need of TLC

      Standalone commercial building for sale in an in-town location.
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    • $870,000
      3,464 SF

      Corner Redevelopment Opportunity in Atlanta

      Prime corner lot with redevelopment potential in a growing Atlanta corridor.
      2410 Metropolitan Pkwy SW, Atlanta, GA 30315
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    • $870,000
      3,464 SF

      Corner Redevelopment Opportunity on Metropolitan

      Prime corner lot with redevelopment potential in Atlanta's Metropolitan Parkway.
      2410 Metropolitan Pkwy SW, Atlanta, GA 30315
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    Similar Nearby for Lease

    • $10 SF/Yr
      6,239 SF

      Atlanta Retail Sublease Opportunity

      6,239 SF Standalone Retail Building
      1701 Jonesboro Rd, Atlanta, GA 30315
      View Details
    • $2,000 /Mo
      103,237 SF

      Atlanta Commercial Suites For Rent

      Commercial suites available near Lakewood Amphitheater, suitable for various businesses.
      1917 Pryor Rd, Atlanta, GA 30315
      View Details
    • $2,000 /Mo
      7,700 SF

      Atlanta Commercial Suites For Lease

      Commercial suites available for lease near Lakewood Amphitheater.
      1917 Pryor Rd SW, Atlanta, GA 30315
      View Details
    • $14 SF/Yr
      300,204 SF

      Crossroads Shopping Center: Atlanta Retail

      High-traffic Atlanta retail space available.
      2091 Metropolitan Pkwy, Atlanta, GA 30315
      View Details
    • Contact for pricing
      2,800 SF

      Brownsville Pointe Restaurant Space

      Prime Atlanta Restaurant Opportunity. 2800 sq ft.
      105 Mcdonough Blvd, Atlanta, GA 30315
      View Details
    • $2,000 /Mo
      29,621 SF

      Metropolitan Parkway Storage or Business

      Two contiguous lots for storage or small business operations.
      2911 Metropolitan Pkwy SW, Atlanta, GA 30315
      View Details
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    1660 Jonesboro SE Rd
    Atlanta, GA 30315-5259
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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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