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

    2000 Northlake Pkwy Tucker, GA 30084-7048

    • Garden apartment buildings
    • 24,402 SF
    • 4.30 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2022
    $9,900,000
    Value Estimations
    $9,735,000
    Show details
    Cap Rate Potential
    3.6%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US22-1209688
    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

    • Northlake Apartments / Apartment Complex

    Property Details for 2000 Northlake Pkwy

    Year built
    1970
    Lot size
    4.30 lot acres
    Property size
    24,402 SF
    Zone code
    RM85
    Property type
    Garden apartment buildings
    APN
    18 189 02 014
    APU
    1818902014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,215,000
      ML approach
      $9,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucker
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2425
    Latitude
    33.8404
    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
    $106,080
    $760,000
    $3,179,680
    $3,939,680
    -
    $1,900,000
    $7,949,200
    $9,849,200

    Comparable in this City

    • Value Estimation by Request
      45,730 SF

      1200 Montreal Rd

      GARDEN APT, COURT APT (5+ UNITS) • 45,730 SF
      1200 Montreal Rd, Tucker, GA 30084-8214
      View Details
    • Value Estimation
      $31,850,000
      36,165 SF

      2334 Fuller Way

      GARDEN APT, COURT APT (5+ UNITS) • 36,165 SF
      2334 Fuller Way, Tucker, GA 30084-3722
      View Details
    • Value Estimation
      $31,750,000
      4,944 SF

      3765 Lavista Rd

      GARDEN APT, COURT APT (5+ UNITS) • 4,944 SF
      3765 Lavista Rd, Tucker, GA 30084
      View Details
    • Value Estimation
      $900,000
      7,772 SF

      3665 Lawrenceville Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 7,772 SF
      3665 Lawrenceville Hwy, Tucker, GA 30084-5846
      View Details
    • Value Estimation
      $1,620,000
      13,712 SF

      2680 Leeshire Rd

      GARDEN APT, COURT APT (5+ UNITS) • 13,712 SF
      2680 Leeshire Rd, Tucker, GA 30084
      View Details
    • Value Estimation
      $685,000
      3,696 SF

      4103 Pne Vly Rd

      GARDEN APT, COURT APT (5+ UNITS) • 3,696 SF
      4103 Pne Vly Rd, Tucker, GA 30084-6126
      View Details

    Similar Nearby for Sale

    • $155,000

      Tucker Condo Renovation Opportunity

      Two-bedroom, two-bath condo ideal for renovation and investment.
      5011 Woodridge Way, Tucker, GA 30084
      View Details
    • New
      $449,900
      0.37 Acres

      Well-Maintained Duplex in Tucker, GA

      Duplex in a convenient location with no HOA dues.
      1217 Osceola Ct, Tucker, GA 30084
      View Details
    • New
      $449,900
      0.37 Acres

      Tucker Multifamily Investment Opportunity

      Well-maintained duplex in a desirable Tucker location, great investment.
      1217 Osceola Ct, Tucker, GA 30084
      View Details
    • $227,000
      1,192 SF

      Freshly Painted Home with Warranty

      Home with fresh paint, new appliances, and warranty coverage.
      3825 Lavista Rd, Tucker, GA 30084
      View Details
    • $211,000
      1,341 SF

      Charming Home with Fireplace

      Charming home with fireplace, ample storage, and community amenities.
      6420 Wedgeview Dr, Tucker, GA 30084
      View Details
    • $800,000
      2,100 SF

      Tucker Auto Shop - $800K

      Established auto shop, 2100 sq ft, high sales.
      2262 Township Ln, Tucker, GA 30084
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      22,879 SF

      Lakeside Center Office Sublease

      Tucker, GA Office Space - 22,879 SF
      1979 Lakeside Pkwy, Tucker, GA 30084
      View Details
    • $19 SF/Yr
      15,467 SF

      Tucker Office Space: Lakeside Centre

      Prime Tucker office space, 15,467 sq ft available.
      0 Lakeside Ctr, Tucker, GA 30084
      View Details
    • Contact for pricing
      53,130 SF

      Tucker Warehouse Space Available

      9,600 SF Warehouse in DeKalb County
      2137 Flintstone Dr, Tucker, GA 30084
      View Details
    • Contact for pricing
      12,123 SF

      Northlake Plaza Retail Space for Lease

      Jonesboro, GA: Prime Retail Opportunity
      3900 Lavista Rd, Jonesboro, GA 30084
      View Details
    • $8 SF/Yr
      47,938 SF

      Tucker Warehouse - 47,938 SF

      Large warehouse, cold storage, great location.
      4404 Sentry Dr, Tucker, GA 30084
      View Details
    • Contact for pricing
      56,237 SF

      Tucker Warehouse Space Available

      Contiguous suites available for lease with frontage on Mountain Industrial.
      2725 Mountain Industrial Blvd, Tucker, GA 30084
      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.
    2000 Northlake Pkwy
    Tucker, GA 30084-7048
    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.