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

    199 Armour NE Dr Atlanta, GA 30324-3973

    • Warehouses
    • 58,450 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $3,370,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0861467
    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

    • Joel Baker Counseling, LLC / Marriage Or Relationship Counselor
    • Polar Notion / Software Company
    • Online Therapy of Atlanta / Mental Health Service
    • Lauren Ender / Marriage Or Relationship Counselor
    • Mrs. Catherine Egenes / Marriage Or Relationship Counselor

    Property Details for 199 Armour NE Dr

    Year built
    1960
    Lot size
    1.99 lot acres
    Property size
    58,450 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    17 0103 LL0696
    APU
    170103LL0696

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3821
    Latitude
    33.8096
    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
    $674,040
    $1,613,160
    $2,287,200
    -
    $1,685,100
    $4,032,900
    $5,718,000

    Comparable in this City

    • Value Estimation by Request
      70,000 SF

      2201-2241 Faulkner Rd

      Individual retail properties • 70,000 SF
      2201-2241 Faulkner Rd, Atlanta, GA 30324
      View Details
    • Value Estimation
      $525,000
      6,400 SF

      1413 Mayson NE St

      WAREHOUSE, STORAGE • 6,400 SF
      1413 Mayson NE St, Atlanta, GA 30324-3907
      View Details
    • Value Estimation
      $4,270,000
      72,277 SF

      1085 Lindbergh NE Dr

      MINI-WAREHOUSE, STORAGE • 72,277 SF
      1085 Lindbergh NE Dr, Atlanta, GA 30324-3727
      View Details
    • Value Estimation
      $3,150,000
      17,340 SF

      2120 Plaster Brg NE Rd

      WAREHOUSE, STORAGE • 17,340 SF
      2120 Plaster Brg NE Rd, Atlanta, GA 30324-4015
      View Details
    • Value Estimation by Request
      2,226 SF

      200 Armour NE Dr

      WAREHOUSE, STORAGE • 2,226 SF
      200 Armour NE Dr, Atlanta, GA 30324
      View Details
    • Value Estimation
      $850,000
      15,154 SF

      441 Armour NE Pl

      WAREHOUSE, STORAGE • 15,154 SF
      441 Armour NE Pl, Atlanta, GA 30324-3901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Flex/Loft Office/Warehouse Near Beltline

      Flex/loft office/warehouse near Beltline, where Midtown meets Buckhead.
      1420 Mayson St NE, Atlanta, GA 30324
      View Details
    • $1,995,000
      6,726 SF

      Piedmont Road Retail Building

      ±6,726 SF Freestanding Retail Space
      2087 Piedmont Rd, Atlanta, GA 30324
      View Details
    • $213,000
      840 SF

      Buckhead Luxury Condo Retreat

      Stylish condo in prime Buckhead location, move-in ready with modern amenities.
      970 Sidney Marcus Blvd NE, Atlanta, GA 30324
      View Details
    • $265,000
      1,162 SF

      Renovated Condo in Buckhead Community

      Modern condo with updated features in a gated Buckhead community.
      2901 Lenox Rd NE, Atlanta, GA 30324
      View Details
    • $206,999
      998 SF

      Atlanta Condo with Community Amenities

      Spacious 1-bedroom condo in gated community with top-tier amenities.
      1207 Summit North Dr NE, Atlanta, GA 30324
      View Details
    • New
      $649,010
      0.48 Acres

      Level Lot in Pine Hills

      Half-acre lot in Pine Hills, Atlanta, near Peachtree Creek.
      1333 Victor Rd NE, Atlanta, GA 30324
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      70,000 SF

      Atlanta Industrial Flex Space

      Versatile Atlanta warehouse space for lease.
      2201-2241 Faulkner Rd, Atlanta, GA 30324
      View Details
    • Contact for pricing
      50,000 SF

      Adaptable Warehouse Space for Rent

      Air-conditioned warehouse with easy access to major transportation routes.
      2099 Faulkner Rd Northeast, Atlanta, GA 30324
      View Details
    • Contact for pricing
      49,630 SF

      Industrial Flex Space Available

      Industrial flex space featuring office and warehouse components.
      2091 Faulkner Rd NE, Atlanta, GA 30324
      View Details
    • Contact for pricing

      Warehouse Buildings with Outside Storage

      Warehouse buildings with fenced parking and outside storage available.
      2060 Liddell Dr NE, Atlanta, GA 30324
      View Details
    • $27 SF/Yr
      34,059 SF

      Midtown Atlanta Flex Space

      Prime Midtown Atlanta flex space, 2,000 sq ft available.
      800 Lambert Dr, Atlanta, GA 30324
      View Details
    • Contact for pricing

      Retail Space in Uptown Atlanta

      Retail spaces for lease in transit-oriented Uptown Atlanta development.
      508 Main St NE, Atlanta, GA 30324
      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.
    199 Armour NE Dr
    Atlanta, GA 30324-3973
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.