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

    171 Auburn Ave Atlanta, GA 30303

    • Commercial real estate
    • 2,223 SF
    • 0.05 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1717209
    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

    • Emergency Dentist A.G. / Dental Office
    • Starbucks / Cafe & Coffee Shop
    • Home Realty, Inc. / Real Estate Agency
    • Wrong Page / Vocational School / Training Center
    • The Peach Cobbler Factory ATL / Bakery / Take-out & Catering

    Property Details for 171 Auburn Ave

    Year built
    2018
    Lot size
    0.05 lot acres
    Property size
    2,223 SF
    Zone code
    SPI1
    Property type
    Commercial real estate
    APN
    14 005100122548
    APU
    14005100122548

    Description

    City Walk, located at 171 Auburn Ave NE, Atlanta, GA 30303, offers exceptional retail and restaurant opportunities in the vibrant Sweet Auburn district. This multi-tenant property boasts a total of 26,967 square feet, with eight individual spaces ranging from 947 to 2,215 square feet. Up to 6,753 square feet of contiguous space is available. The property benefits from its strategic location adjacent to Georgia State University, home to 32,082 students, and near 161 residential units above the retail space and 750 student dorm rooms on nearby Piedmont Avenue. Its proximity to Grady Hospital (500 beds) and Children's Healthcare of Atlanta - Hughes Spalding Hospital (24 beds) further enhances its appeal. Convenient parking is ensured with two private parking decks, a city parking lot, and ample street parking. This property presents a unique opportunity to establish a thriving business within a high-traffic, densely populated area of Atlanta. The intersection of Auburn Ave and Piedmont Ave provides excellent visibility and accessibility. This is a rare chance to secure retail space in a dynamic and growing urban environment.

    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
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3819
    Latitude
    33.7552
    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
    $25,706
    $52,840
    $112,880
    $165,720
    -
    $132,100
    $282,200
    $414,300

    Comparable in this City

    • Value Estimation by Request
      24,682 SF

      260 Peachtree St

      Office space • 24,682 SF
      260 Peachtree St, Atlanta, GA 30303
      View Details
    • Value Estimation by Request
      5,850 SF

      258 Auburn NE Ave

      COMMERCIAL (GENERAL) • 5,850 SF
      258 Auburn NE Ave, Atlanta, GA 30303-2646
      View Details
    • Value Estimation
      $14,155,000
      177,090 SF

      180 Peachtree NW St

      COMMERCIAL CONDOMINUIM • 177,090 SF
      180 Peachtree NW St, Atlanta, GA 30303-1760
      View Details
    • Value Estimation by Request
      5,117 SF

      61 Peachtree SW St

      COMMERCIAL (GENERAL) • 5,117 SF
      61 Peachtree SW St, Atlanta, GA 30303
      View Details
    • Value Estimation
      $23,515,000
      175,121 SF

      72 Marietta NW St

      COMMERCIAL (GENERAL) • 175,121 SF
      72 Marietta NW St, Atlanta, GA 30303-2804
      View Details
    • Value Estimation by Request
      3,060 SF

      101 Broad SW St

      COMMERCIAL (GENERAL) • 3,060 SF
      101 Broad SW St, Atlanta, GA 30303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.31 Acres

      Atlanta Industrial Warehouse Portfolio

      Prime Atlanta location, 66,614 SF warehouse.
      443 Whitehall St, Atlanta, GA 30303
      View Details
    • Contact for pricing
      3,488 SF

      Atlanta Creative Office Space

      Historic Charm, Prime Location, 3,488 SF
      146 Nassau St, Atlanta, GA 30303
      View Details
    • Contact for pricing

      Edgewood Avenue Specialty Property

      Specialty property available for sale on Edgewood Avenue.
      206 Edgewood Ave, Atlanta, GA 30303
      View Details
    • Contact for pricing

      Atlanta Specialty Property For Sale

      Specialty property available in Atlanta, Georgia.
      90 Forsyth St NW, Atlanta, GA 30303
      View Details
    • $297,000
      3,700 SF

      6098 Midtown Atlanta

      Restaurants • 3,700 SF
      6098 Midtown Atlanta, Atlanta, GA 30303
      View Details
    • $7,400,000
      0.03 Acres

      Mixed-Use Property in Downtown Atlanta

      35,000 SF mixed-use property with diversified income streams.
      251 Trinity Ave SW, Atlanta, GA 30303
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      18,600 SF

      132 Mitchell St Office Space

      Atlanta Office Building: Prime Location, Move-In Ready
      132 Mitchell St, Atlanta, GA 30303
      View Details
    • $20 SF/Yr
      331,249 SF

      Downtown Atlanta Office Space

      Prime Atlanta Office: Flexible Suites Available
      104 Marietta St, Atlanta, GA 30303
      View Details
    • Contact for pricing

      Atlanta Commercial Land Opportunity

      Prime Henry County lot, I-2 zoning.
      543 Whitehall St, Atlanta, GA 30303
      View Details
    • $25 SF/Yr
      50,000 SF

      Atlanta's Municipal Market: Prime Retail Space

      Historic Atlanta retail & restaurant opportunity.
      209 Edgewood Ave, Atlanta, GA 30303
      View Details
    • $30 SF/Yr
      8,715 SF

      Prime Peachtree Street Retail Space

      Atlanta Retail, Multiple Units Available
      205 Peachtree St, Atlanta, GA 30303
      View Details
    • $3,800 /Mo
      2,657 SF

      Versatile Downtown Atlanta Commercial Space

      Adaptable commercial space in a sought-after Atlanta location.
      253 Trinity Ave SW, Atlanta, GA 30303
      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.
    171 Auburn Ave
    Atlanta, GA 30303
    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.