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    208 Doane St Atlanta, GA 30315
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    Property profile & analytics

    208 Doane St Atlanta, GA 30315

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    • Garden apartment buildings
    • 5,796 SF
    • 0.22 lot acres
    For Sale
    $685,000
    View Listing →
    Multifamily Investment Opportunity Near Stadium For Sale
    $685,000
    0.22 Acres

    Multifamily Investment Opportunity Near Stadium

    Multifamily property near Mercedes-Benz Stadium with value-add potential.

    208 Doane Street, Atlanta, GA 30315
    View Listing
    Property ID
    US22-4341074
    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
    Cap Rate Potential
    10%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Doane Street Apartments / Apartment Building

    Property Details for 208 Doane St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    5,796 SF
    Zone code
    R5
    Property type
    Garden apartment buildings
    APN
    14 007400020828
    APU
    14007400020828

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $912,000
      Market price range: $461k - $913k

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3949
    Latitude
    33.7308
    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
    $13,995
    $60,000
    $278,040
    $338,040
    -
    $150,000
    $695,100
    $845,100

    Comparable in this City

    • Value Estimation
      $31,605,000
      26,992 SF

      900 New Town SE Cir

      GARDEN APT, COURT APT (5+ UNITS) • 26,992 SF
      900 New Town SE Cir, Atlanta, GA 30315-5441
      View Details
    • Value Estimation
      $1,000,000
      28,256 SF

      2600 Old Hapeville SW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 28,256 SF
      2600 Old Hapeville SW Rd, Atlanta, GA 30315-8270
      View Details
    • Value Estimation
      $1,810,000
      12,000 SF

      953 Washington SW St

      GARDEN APT, COURT APT (5+ UNITS) • 12,000 SF
      953 Washington SW St, Atlanta, GA 30315-1638
      View Details
    • Value Estimation
      $42,990,000
      261,970 SF

      1940 Fisher SE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 261,970 SF
      1940 Fisher SE Rd, Atlanta, GA 30315-4532
      View Details
    • Value Estimation
      $725,000
      6,000 SF

      1019 Washington SW St

      GARDEN APT, COURT APT (5+ UNITS) • 6,000 SF
      1019 Washington SW St, Atlanta, GA 30315-1623
      View Details
    • Value Estimation
      $870,000
      7,250 SF

      1034 Washington SW St

      GARDEN APT, COURT APT (5+ UNITS) • 7,250 SF
      1034 Washington SW St, Atlanta, GA 30315-1628
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Atlanta Apartment Complex Value-Add Opportunity

      80-unit apartment complex inside I-285 in Atlanta.
      2600 Old Hapeville Rd SW, Atlanta, GA 30315
      View Details
    • $685,000
      0.22 Acres

      Multifamily Investment Opportunity Near Stadium

      Multifamily property near Mercedes-Benz Stadium with value-add potential.
      208 Doane St, Atlanta, GA 30315
      View Details
    • $4,200,000
      66,240 SF

      80-Unit Multifamily Investment Opportunity

      Bank-owned, 80-unit multifamily property for value-add investment.
      2600 Hapeville Rd SW, Atlanta, GA 30315
      View Details
    • $100,000
      11,730 SF

      Multifamily Property in Southwest Atlanta

      20-unit multifamily property with value-add potential in Southwest Atlanta.
      797 Pryor St SW, Atlanta, GA 30315
      View Details
    • $4,200,000

      Atlanta Apartment Complex Value-Add Opportunity

      80-unit apartment complex inside I-285 with significant value-add potential.
      2600 Old Hapeville Rd SW, Atlanta, GA 30315
      View Details
    • $799,900
      4.50 Acres

      Multifamily Development Opportunity in Atlanta

      4.5 acres in Atlanta zoned for multifamily development.
      Jonesboro Rd SE, Atlanta, GA 30315
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Near Turner Field

      Single tenant industrial space with easy access to I-85.
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      View Details
    • Contact for pricing

      Industrial Outdoor Storage with Garage

      One-acre industrial outdoor storage with a three-bay repair garage.
      412 Sawtell Ave SE, Atlanta, GA 30315
      View Details
    • Contact for pricing

      Underground Fiber Network Route

      Atlanta fiber route for lease with diverse network access.
      Atlanta Fiber Rte, Atlanta, GA 30315
      View Details
    • Contact for pricing

      Retail Building in Lakewood Heights

      6,239 SF retail building for sublease in Atlanta.
      1701 Jonesboro Rd SE, Atlanta, GA 30315
      View Details
    • $1,850 /Mo
      130,680 SF

      Atlanta Land for Lease

      3-acre commercial land available for lease in Atlanta, GA.
      1057 Constitution Rd SW, Atlanta, GA 30315
      View Details
    • Contact for pricing

      Restaurant Space Near Carver Market

      Restaurant space in vibrant Atlanta neighborhood, near Carver Market.
      105 Mcdonough Blvd SE, Atlanta, GA 30315
      View Details
    View Listing
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    Atlanta, GA 30315
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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.

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