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

    1731 Commerce NW Dr Atlanta, GA 30318-3115

    • Office Properties & Spaces
    • 3,743 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0847052
    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

    • Level Construction Services Inc / Interior Construction Contractor / General Contractor
    • Faulkner + Locke / Arts Organization / Art Gallery
    • Crafty Apes / Corporate Office / Media Company
    • Van Winkle Construction / General Contractor / Construction Company

    Property Details for 1731 Commerce NW Dr

    Year built
    1968
    Lot size
    0.09 lot acres
    Property size
    3,743 SF
    Zone code
    C1
    Property type
    Office Properties & Spaces
    APN
    17 015200120287
    APU
    17015200120287

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $490,000
      Market price range: $200k - $714k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,250,000
      COMMERCIAL (GENERAL)
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4104
    Latitude
    33.8014
    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
    $0.00
    $168,400
    $54,960
    $223,360
    -
    $421,000
    $137,400
    $558,400

    Comparable in this City

    • Value Estimation by Request
      900 SF

      Woodmont Ln

      Office space • 900 SF
      0 Woodmont Ln, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      1,742 SF

      684 Antone NW St

      CONDOMINIUM OFFICES • 1,742 SF
      684 Antone NW St, Atlanta, GA 30318-4286
      View Details
    • Value Estimation by Request
      1,762 SF

      887 Marietta NW St

      CONDOMINIUM OFFICES • 1,762 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details
    • Value Estimation by Request
      1,080 SF

      887 Marietta NW St

      CONDOMINIUM OFFICES • 1,080 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details
    • Value Estimation by Request
      2,584 SF

      887 Marietta NW St

      CONDOMINIUM OFFICES • 2,584 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details
    • Value Estimation by Request
      1,186 SF

      887 Marietta NW St

      CONDOMINIUM OFFICES • 1,186 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.89 Acres

      Prime Atlanta Bishop Street Property

      0.89-acre development site, I-1 zoning.
      489 Bishop St, Atlanta, GA 30318
      View Details
    • Contact for pricing
      2,170 SF

      Prime Atlanta Medical Office Building

      2,170 SF Medical Office, Atlanta, GA
      290 14Th St, Atlanta, GA 30318
      View Details
    • Contact for pricing
      28,874 SF

      Prime Atlanta Executive Office Building

      28,874 SF Multi-Tenant Office Space
      976 Jefferson St, Atlanta, GA 30318
      View Details
    • $1,890,000
      6,979 SF

      King Plow Arts Center Condo

      Atlanta Creative Office Condo, 6,979 SF
      981 Joseph E Lowery Blvd, Atlanta, GA 30318
      View Details
    • $525,000
      1,798 SF

      Atlanta Creative Office Condo

      Westside location, 1,798 sq ft, $525,000
      1320 Ellsworth Industrial Blvd, Atlanta, GA 30318
      View Details
    • $675,000
      900 SF

      Westside Recording Studio For Sale

      900 SF Studio, Atlanta, GA - Owner/User
      0 Woodmont Ln, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,584 SF

      Prime Atlanta Executive Office Suite

      2,584 sq ft, Single Tenant, 25 Parking Spaces
      887 Marietta St, Atlanta, GA 30318
      View Details
    • $17 SF/Yr
      5,600 SF

      Woodmont Lane Executive Office/Warehouse

      Prime 5,600 SF Office/Warehouse Space
      1422 Woodmont Ln, Atlanta, GA 30318
      View Details
    • Contact for pricing
      259,644 SF

      Seaboard Industrial Office Space

      Atlanta Executive Office Suites Available
      1310 Seaboard Industrial Blvd, Atlanta, GA 30318
      View Details
    • $19 SF/Yr
      4,000 SF

      West Midtown Atlanta Office Condo

      4,000 sq ft turnkey retail/office
      1422 Woodmont Ln, Atlanta, GA 30318
      View Details
    • $19 SF/Yr
      2,372 SF

      Atlanta Creative Loft Office Space

      Stylish Loft Office, Showroom Ready
      500 Bishop St, Atlanta, GA 30318
      View Details
    • $39 SF/Yr
      44,000 SF

      West Midtown Creative Office Space

      10,757 SF Available in Historic Building
      512 Means St, Atlanta, GA 30318
      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.
    1731 Commerce NW Dr
    Atlanta, GA 30318-3115
    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.