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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    208 Memorial SE Dr Atlanta, GA 30312

    • Auto shops
    • 1,110 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2022
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1185495
    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

    • Auto shops

    Property Details for 208 Memorial SE Dr

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    1,110 SF
    Zone code
    I1
    Property type
    Auto shops
    APN
    14 005200090330
    APU
    14005200090330

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $185,000
      Market price range: $49.7k - $185k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $280,000
      Current use
      COMMERCIAL (GENERAL)
      $310,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $300,000
      Change: +7% Conversion: Difficult
      MEDICAL BUILDING
      $300,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $260,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $250,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.381
    Latitude
    33.7472
    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
    $10,895
    $200,400
    $62,760
    $263,160
    -
    $501,000
    $156,900
    $657,900

    Comparable in this City

    • Value Estimation
      $260,000
      1,759 SF

      603 Memorial SE Dr

      AUTO REPAIR, GARAGE • 1,759 SF
      603 Memorial SE Dr, Atlanta, GA 30312-2307
      View Details
    • Value Estimation
      $275,000
      1,647 SF

      600 Memorial SE Dr

      AUTO REPAIR, GARAGE • 1,647 SF
      600 Memorial SE Dr, Atlanta, GA 30312-2323
      View Details
    • Value Estimation
      $260,000
      4,353 SF

      501 Edgewood SE Ave

      AUTO REPAIR, GARAGE • 4,353 SF
      501 Edgewood SE Ave, Atlanta, GA 30312-1930
      View Details
    • Value Estimation
      $320,000
      3,750 SF

      520 Edgewood NE Ave

      AUTO REPAIR, GARAGE • 3,750 SF
      520 Edgewood NE Ave, Atlanta, GA 30312-1931
      View Details
    • Value Estimation
      $240,000
      0.13 Acres

      Ralph Mcgill NE Blvd

      PARKING LOT • 0.13 Acres
      Ralph Mcgill NE Blvd, Atlanta, GA 30312
      View Details
    • Value Estimation
      $8,005,000
      0.11 Acres

      Oakland SE Ave

      PARKING LOT • 0.11 Acres
      Oakland SE Ave, Atlanta, GA 30312
      View Details

    Similar Nearby for Sale

    • $800,000
      0.12 Acres

      Historic Cabbage Town Mixed-Use Opportunity

      Prime Atlanta location, development potential.
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    • Contact for pricing
      3,375 SF

      Edgewood Ave SE Retail Property

      Atlanta Restaurant/Office Building, 3,375 SF
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      Grant Park Development Opportunity

      0.51-acre site with mixed-use, retail, or residential development potential.
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    • $262,000
      1,000 SF

      Atlanta Restaurant - Old Fourth Ward

      Turnkey Restaurant, Prime Location
      536 Decatur St., Atlanta, GA 30312
      View Details
    • $2,250,000

      Edgewood Avenue Restaurant/Retail Opportunity

      Restaurant or retail property for sale on Edgewood Avenue.
      377 Edgewood Ave SE, Atlanta, GA 30312
      View Details
    • $2,650,000

      Restaurant in Grant Park Neighborhood

      Flourishing full-service restaurant with covered patio and event space.
      350 Memorial Dr SE, Atlanta, GA 30312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Retail Space Near Summerhill

      Retail space available near Summerhill, Atlanta, with significant investment.
      226 Ralph David Abernathy Blvd Southwest, Atlanta, GA 30312
      View Details
    • Contact for pricing
      822 SF

      Retail Space Near Oakland Cemetery

      888 SF retail space in Grant Park neighborhood.
      415 Memorial Dr SE, Atlanta, GA 30312
      View Details
    • $35 SF/Yr
      10,000 SF

      Front Porch on Auburn Retail Space

      Prime Auburn Ave Retail, Multiple Units Available
      348 Auburn Ave, Atlanta, GA 30312
      View Details
    • Contact for pricing
      1,332 SF

      Retail Space Available for Rent

      Retail space available for rent in Atlanta, GA.
      1015 Boulevard SE, Atlanta, GA 30312
      View Details
    • $21 SF/Yr
      11,328 SF

      Retail Building Near Atlanta Airport

      11,328 SF retail building near Atlanta International Airport.
      590 S Central Ave, Atlanta, GA 30312
      View Details
    • Contact for pricing
      2,590 SF

      Retail, Restaurant, Entertainment Space Available

      Over 6,000 SF retail space with Beltline visibility.
      680 Hamilton Ave Southeast, Atlanta, GA 30312
      View Details
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    208 Memorial SE Dr
    Atlanta, GA 30312
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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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