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    1915 Bragg St Atlanta, GA 30341-4815
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    Property profile & analytics

    1915 Bragg St, Atlanta, GA 30341-4815

    View on Map
    • Outlet malls
    • 3,400 SF
    • 0.99 lot acres
    Off-Market
    Property ID
    US22-0921736
    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
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dana Ross Woodwork LLC / General Contractor
    • Alee & Press / Marketing & Advertising / Advertising Agency
    • The Impressionist | Invitation Studio / Event Planning / Party Supply Store
    • Community Network Atlanta / Community Center
    • refurbished computers, Network Atlanta Services / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 1915 Bragg St

    Year built
    1940
    Construction
    WOOD FRAME
    Lot size
    0.99 lot acres
    Zone code
    C1
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    18 243 04 072
    APU
    1824304072

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2017 $750,000 Fourteenth Floor LLC Ibis Studios LLC Grant Deed —
    Aug 10, 2016 — Ibis Studios LLC — Deed · related $98k · Suntrust Bank
    Aug 24, 2015 $600,000 Ibis Studios LLC Ross,dana M Grant Deed —
    Nov 4, 2004 $146,000 Dana M Ross Miller,timothy L Warranty Deed $106k · Suntrust Bank Atlanta

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $765,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $925,000
      Change: +21% Conversion: Moderate
      MEDICAL BUILDING
      $925,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $865,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $760,000
      Change: -0% Conversion: Easy
      WAREHOUSE, STORAGE
      $620,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3108
    Latitude
    33.8674
    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
    $18,847
    $40,000
    $360,000
    $400,000
    -
    $100,000
    $900,000
    $1,000,000

    Comparable in this City

    • Value Estimation
      $2,855,000
      33,956 SF

      5300 Peachtree Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
      5300 Peachtree Blvd, Atlanta, GA 30341-2141
      View Details
    • Value Estimation
      $12,240,000
      136,669 SF

      4950 Peachtree Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
      4950 Peachtree Blvd, Atlanta, GA 30341-3141
      View Details
    • Value Estimation
      $8,620,000
      81,168 SF

      5000 Buford Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      5000 Buford Hwy, Chamblee, GA 30341-3500
      View Details
    • Value Estimation
      $16,150,000
      188,532 SF

      1871 Chamblee Tucker Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1871 Chamblee Tucker Rd, Chamblee, GA 30341-2737
      View Details
    • Value Estimation
      $4,540,000
      23,000 SF

      3350 Chamblee Tucker Rd

      SHOPPING CENTER, STRIP CENTER
      3350 Chamblee Tucker Rd, Atlanta, GA 30341-4361
      View Details
    • Value Estimation
      $2,200,000
      11,521 SF

      4337 Buford Hwy

      SHOPPING CENTER, STRIP CENTER
      4337 Buford Hwy, Chamblee, GA 30341-5044
      View Details

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      Chamblee Flex Portfolio For Sale

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      14,612 SF

      Peachtree Road Redevelopment Opportunity

      High-exposure property with redevelopment potential in a bustling area.
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    • $748,000
      0.03 Acres

      Chamblee Commercial Property for Sale

      Prime commercial space in a growing Atlanta neighborhood.
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    • $910,000
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      Grand Island Commercial Land Opportunity

      2.6-Acre Lot, Multi-Use Potential
      CR44 Fishcamp Rd, Chamblee, GA 30341
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    Similar Nearby for Lease

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      12,347 SF

      Mixed-Use Building Retail Opportunity

      Retail space in mixed-use building with apartments on Peachtree Blvd.
      5211 Peachtree Blvd, Chamblee, GA 30341
      View Details
    • Contact for pricing

      Walmart Anchored Retail Space Available

      Retail space available in a Walmart anchored shopping center.
      1871 Chamblee Tucker Rd, Chamblee, GA 30341
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    • Contact for pricing

      Retail Space Near I-285

      Retail space available near I-285 and Chamblee Tucker Road.
      3541 Chamblee Tucker Rd, Chamblee, GA 30341
      View Details
    • Contact for pricing

      Renovated Office Space Near Chamblee

      Recently renovated office space suitable for various business types.
      4163 Clairmont Rd, Atlanta, GA 30341
      View Details
    • Contact for pricing
      1,215 SF

      New Mixed-Use Development Space

      Mixed-use development with retail, restaurant, and office space.
      3311 Hood Ave, Chamblee, GA 30341
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent at 3580 Pierce Dr, Chamblee, GA
      3580 Pierce Dr, Chamblee, GA 30341
      View Details
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    Atlanta, GA 30341-4815
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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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