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

    188 Walker SW St Atlanta, GA 30313-1329

    • Residential income homes
    • 10,517 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1730506
    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

    • Custo's Shop LLC / Vehicle Wrapping Service
    • Kontent Cave / Event Venue
    • 3 six 5 studios / Photography Studio
    • Brand New Consulting Group / Marketing Agency

    Property Details for 188 Walker SW St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    10,517 SF
    Zone code
    I1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    14 008400100057
    APU
    14008400100057

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,085,000
      6.5%
      $1,925,000
      7%
      $1,790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4013
    Latitude
    33.7494
    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
    $10,597
    $73,160
    $182,800
    $255,960
    -
    $182,900
    $457,000
    $639,900

    Comparable in this City

    • Value Estimation by Request
      2,494 SF

      441 Marietta NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,494 SF
      441 Marietta NW St, Atlanta, GA 30313-1726
      View Details
    • Value Estimation
      $910,000
      10,306 SF

      227 4th NW St

      BOARDING/ROOMING HOUSE • 10,306 SF
      227 4th NW St, Atlanta, GA 30313-2503
      View Details
    • Value Estimation
      $1,590,000
      10,420 SF

      734 Fowler NW St

      BOARDING/ROOMING HOUSE • 10,420 SF
      734 Fowler NW St, Atlanta, GA 30313-2523
      View Details
    • Value Estimation
      $2,380,000
      15,054 SF

      764 Fowler NW St

      BOARDING/ROOMING HOUSE • 15,054 SF
      764 Fowler NW St, Atlanta, GA 30313-2545
      View Details
    • Value Estimation
      $1,565,000
      16,752 SF

      163 4th NW St

      BOARDING/ROOMING HOUSE • 16,752 SF
      163 4th NW St, Atlanta, GA 30313
      View Details
    • Value Estimation
      $1,070,000
      11,955 SF

      770 Techwood NW Dr

      BOARDING/ROOMING HOUSE • 11,955 SF
      770 Techwood NW Dr, Atlanta, GA 30313-2537
      View Details

    Similar Nearby for Sale

    • $639,000
      2,144 SF

      Gasket City Loft Residence

      Exclusive loft with industrial history, upscale design, and urban convenience.
      490 Marietta St NW, Atlanta, GA 30313
      View Details
    • Contact for pricing
      1.50 Acres

      Castleberry Hill Redevelopment Opportunity

      1.5-Acre Mixed-Use Development Site
      492 Larkin St, Atlanta, GA 30313
      View Details
    • $495,000
      1,610 SF

      Atlanta Condo with Rooftop Terrace

      Tastefully furnished condo in vibrant Castleberry Hills near Atlanta BeltLine.
      230 Bradberry St SW, Atlanta, GA 30313
      View Details
    • $2,850,000
      0.56 Acres

      Prime Atlanta Commercial Land

      0.56-acre lot near Centennial Yards
      420 Chapel St, Atlanta, GA 30313
      View Details
    • $525,000
      0.17 Acres

      Commercial Lot Near Stadiums

      Commercial land for sale near Mercedes-Benz Stadium and State Farm Arena.
      124 Walker St, Atlanta, GA 30313
      View Details
    • $515,000
      1,592 SF

      Atlanta Commercial Property For Sale

      Prime location in downtown Atlanta with business and entertainment opportunities.
      311 Nelson St SW, Atlanta, GA 30313
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Centennial Station One-Bedroom Condominium

      Rare one-bedroom condo near Mercedes Benz Stadium and Centennial Yard.
      89 Mangum St SW, Atlanta, GA 30313
      View Details
    • Contact for pricing
      2,178 SF

      Historic Loft Office Space Available

      Authentic loft office near Georgia Tech's Creative Quarter development.
      434 Marietta St NW, Atlanta, GA 30313
      View Details
    • Contact for pricing
      11,289 SF

      Atlanta Retail Space - Castleberry Hill

      Prime Atlanta retail, multiple suites available.
      131 Walker St, Atlanta, GA 30313
      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.
    188 Walker SW St
    Atlanta, GA 30313-1329
    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.