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Property profile & analytics
FOR LEASE
Outlet malls

1805 Memorial Dr SE Atlanta, GA 30317

7,443 SF 0.78 ac lot Built 1995
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1489819
Property summary
AI-generated overview

This exceptional Atlanta retail opportunity presents 93,218 square feet of prime commercial space within the Parkview Station strip center. Located at 1805 Memorial Dr SE, Atlanta, GA 30317, this Class B property boasts three single-story buildings constructed in 1957 and renovated in 2010, situated on a generous 10.6-acre lot. The center currently features five suites, with 3,034 square feet of immediately available space, divisible to a minimum of 1,400 square feet and a maximum contiguous space of 3,034 square feet. The property benefits from a high volume of foot traffic generated by neighboring businesses including a newly built Lidl grocery store, Kirkwood Medical, LIV Fitness, and Ivy Preparatory Academy. Ample parking is provided with 777 spaces. The property is zoned MU-4 and has a tax cost per square foot of $0.16. This vibrant location in the Decatur/Parkview/Kirkwood submarket offers excellent visibility and accessibility, making it an ideal investment for a variety of retail businesses. The property's address is conveniently located near Warren St SE. The property's APN is 15 178 04 005.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1995
Construction WOOD FRAME
Total area 7,443 SF
Lot 0.78 ac (33,977 SF)
Zoning code X
APN 15 179 08 018
UPID US22-1489819
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AutoZone Auto Parts Auto Parts Store
  • AUTOZONE 0910 Auto Parts Store
  • Performance Tree Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$1.35M
Owner & transaction history
Hops Holdings LLC · 6 yrs held
Hops Holdings LLC
since 2020
4 recorded transactions
2023
Price N/A
2020
Price N/A
2020
$735,000
2020
Price N/A
Zoning & alternative use
X · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.1M +25.3%
Neighborhood: shopping center $2.0M +21.3%
Medical building $2.0M +21.2%
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