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    1860 Memorial SE Dr Atlanta, GA 30317-2159
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    Property profile & analytics

    1860 Memorial SE Dr Atlanta, GA 30317-2159

    View on Map
    • Grocery and convenience stores
    • 6,020 SF
    • 0.64 lot acres
    Off-Market
    Last Sale Mar 19, 2020
    $1,750,000
    Property ID
    US22-1784310
    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.
    Value Estimations
    $1,770,000
    Show details
    Cap Rate Potential
    4.6%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Spice Bistro / Restaurant
    • Amazon Locker - Staircase / Postal Service / Courier Service
    • Chevron Kwik Stop / Grocery & Convenience Store
    • My Coin Stop Bitcoin ATM / Atm / Currency Exchange Service
    • Smoke Universe / (Bike/Boat/Book/etc) Store

    Property Details for 1860 Memorial SE Dr

    Year built
    1991
    Construction
    WOOD FRAME
    Lot size
    0.64 lot acres
    Property size
    6,020 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    15 206 03 137
    APU
    1520603137

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,770,000
      ML approach
      $1,815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,360,000
      6.5%
      $1,255,000
      7%
      $1,165,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,640,000
      Current use
      COMMERCIAL (GENERAL)
      $1,690,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $1,635,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,530,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $1,410,000
      Change: -14% Conversion: Moderate
      RETAIL STORES
      $1,350,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3267
    Latitude
    33.7477
    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
    $8,056
    $136,400
    $669,000
    $805,400
    -
    $341,000
    $1,672,500
    $2,013,500

    Comparable in this City

    • Value Estimation
      $1,965,000
      11,572 SF

      1979 Hosea L Williams SE Dr

      CONVENIENCE STORE • 11,572 SF
      1979 Hosea L Williams SE Dr, Atlanta, GA 30317
      View Details
    • Value Estimation
      $4,570,000
      29,310 SF

      1855 Memorial SE Dr

      GROCERY, SUPERMARKET • 29,310 SF
      1855 Memorial SE Dr, Atlanta, GA 30317
      View Details
    • Value Estimation
      $620,000
      3,416 SF

      2169 College NE Ave

      CONVENIENCE STORE • 3,416 SF
      2169 College NE Ave, Atlanta, GA 30317
      View Details
    • Value Estimation
      $2,185,000
      4,089 SF

      2371 Glenwood SE Ave

      CONVENIENCE STORE • 4,089 SF
      2371 Glenwood SE Ave, Atlanta, GA 30317-3265
      View Details
    • Value Estimation
      $535,000
      3,494 SF

      202 Candler SE Rd

      CONVENIENCE STORE • 3,494 SF
      202 Candler SE Rd, Atlanta, GA 30317-3436
      View Details
    • Value Estimation
      $1,210,000
      2,924 SF

      3148 Memorial SE Dr

      CONVENIENCE STORE • 2,924 SF
      3148 Memorial SE Dr, Atlanta, GA 30317
      View Details

    Similar Nearby for Sale

    • $400,000
      1,357 SF

      Atlanta Commercial Building and Lot

      Commercial building and vacant lot for sale in Atlanta.
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    • $800,000
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      East Lake Commercial Gem

      Prime Atlanta location, flexible zoning, high potential.
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    • $499,500
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      Freestanding Retail/Restaurant Opportunity on Memorial Drive

      Versatile commercial building in high-traffic Atlanta corridor, ideal for retail/restaurant.
      1615 Memorial Dr SE, Atlanta, GA 30317
      View Details
    • Contact for pricing
      Pending

      Corner Lot Commercial/Residential Land

      Corner lot suitable for restaurant or retail in Atlanta.
      1503 Memorial Dr SE, Atlanta, GA 30317
      View Details
    • $690,000

      Repurposed Commercial Property Near East Lake

      Customizable commercial property near East Lake Golf Course with parking.
      341 Candler Rd Se, Atlanta, GA 30317
      View Details
    • New
      $145,000
      0.27 Acres

      Kirkwood Buildable Lot Opportunity

      Buildable lot in Kirkwood near Downtown and East Atlanta Village.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space Available

      9,000 SF in-line retail space in Parkview Station.
      1805 Memorial Dr SE, Atlanta, GA 30317
      View Details
    • Contact for pricing

      Atlanta Office Suites For Lease

      Office suites for lease in a beautifully designed building.
      325 Candler Rd SE, Atlanta, GA 30317
      View Details
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    Atlanta, GA 30317-2159
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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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