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Property profile & analytics
FOR LEASE
Drive through restaurants
21 14Th St Northeast Atlanta, GA 30309
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1643103
For Lease
$515,000
21 14Th St Northeast, Atlanta, GA 30309
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1948
Construction
WOOD
Total area
5,476 SF
Lot
0.43 ac (18,687 SF)
Zoning code
C4
APN
17 010600010451
UPID
US22-1643103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$515k
Owner & transaction history
Midtown 14th Dev LLC · 11 yrs held
Midtown 14th Dev LLC
since 2014
7 recorded transactions
Zoning & alternative use
C4 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,724
Tax year 2023
Assessed value
$662,160
Assessed 2023
Previous assessed
$751,200
-11.9% YoY
Effective rate
4.64%
On assessed value
Assessed land
$498,680
Assessed improvement
$163,480
Land market value
$1,246,700
Improvement market value
$408,700
Total market value
$1,655,400
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1948
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
5,476 SF
Lot
0.43 ac (18,687 SF)
Zoning code
C4
APN
17 010600010451
UPID
US22-1643103
Jurisdiction
FULTON
Zoning & alternative use
C4 · Atlanta, GAZoning C4 · permitted uses
C4 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Midtown 14th Dev LLC
Entity
Mailing address
224 PINELAND RD NW, ATLANTA, GA 30342-4019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2014
—
Midtown 14th Dev LLC
Ngi 1163 LLC
Quit Claim Deed
related
—
Aug 22, 2012
—
Midtown 14th Dev LLC
21 14th Street One-third LLC
Deed In Lieu Of Foreclosure
related
—
Jul 16, 2012
—
21 14th Street One-third LLC
21 14th Street Two-thirds LLC
Quit Claim Deed
related
—
Nov 20, 2007
—
21 14th Street One-third LLC
—
Trustees Deed
related
$1,000,000 · Enterprise Bkng
Jul 1, 2005
$2,250,000
21 14th Street Two-thirds LLC
Red Iveys LLC
Grant Deed
—
Jul 1, 2005
—
21 14th Street Two-thirds LLC
Red Iveys LLC
Quit Claim Deed
related
—
—
—
21 14th Street Two-thirds LLC
—
Loan Modification
related
$465,514 · Enterprise Bkng
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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