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

    2105 Mesa Vly Way Austell, GA 30106-8183

    • Garden apartment buildings
    • 238,984 SF
    • 17.51 lot acres
    OFF-MARKET
    Last Sale
    Jan 15, 2025
    $36,476,712
    Value Estimations
    $36,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2016548
    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

    • Brookstone On the Green / Apartment Building
    • Chroma Park Apartments / Apartment Complex
    • Love Me - Vaginal Steaming & Full Body Care / Health And Beauty Shop
    • Oasis Corporate Housing / Housing Authority
    • Premium Prestige Flooring / Flooring Contractor

    Property Details for 2105 Mesa Vly Way

    Year built
    1999
    Lot size
    17.51 lot acres
    Property size
    238,984 SF
    Zone code
    RM-12
    Property type
    Garden apartment buildings
    APN
    19093400010
    APU
    19093400010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $29,030,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $53,510,000
      6.5%
      $49,395,000
      7%
      $45,865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $29,724,000
      Market price range: $1.43M - $35.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $51,080,000
      Current use
      MEDICAL BUILDING
      $58,700,000
      Change: +15% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $47,560,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $46,825,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Austell
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6166
    Latitude
    33.8528
    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
    $435,366
    $2,111,272
    $12,328,728
    $14,440,000
    -
    $5,278,180
    $30,821,820
    $36,100,000

    Comparable in this City

    • Value Estimation
      $17,875,000
      272,170 SF

      4236 Austell Rd

      GARDEN APT, COURT APT (5+ UNITS) • 272,170 SF
      4236 Austell Rd, Austell, GA 30106-8239
      View Details
    • Value Estimation
      $835,000
      6,078 SF

      6084 Austell Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,078 SF
      6084 Austell Ave, Austell, GA 30106-3914
      View Details
    • Value Estimation
      $34,650,000
      209,649 SF

      2222 Ew Connector

      GARDEN APT, COURT APT (5+ UNITS) • 209,649 SF
      2222 Ew Connector, Austell, GA 30106-8190
      View Details
    • Value Estimation
      $1,100,000
      4,200 SF

      6118 Austell Ave

      GARDEN APT, COURT APT (5+ UNITS) • 4,200 SF
      6118 Austell Ave, Austell, GA 30106-3946
      View Details
    • Value Estimation
      $1,455,000
      11,020 SF

      5641 Edith St

      GARDEN APT, COURT APT (5+ UNITS) • 11,020 SF
      5641 Edith St, Austell, GA 30106-3323
      View Details
    • Value Estimation by Request
      2,352 SF

      2858 Rosehill St

      GARDEN APT, COURT APT (5+ UNITS) • 2,352 SF
      2858 Rosehill St, Austell, GA 30106-4045
      View Details

    Similar Nearby for Sale

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      New construction multifamily property near Atlanta with lake views.
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      Tenant-Occupied Townhome Investment Opportunity

      Turnkey investment: 2-bedroom townhome in high-demand rental area.
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    • $300,000
      0.75 Acres

      Renovated Income-Producing Duplex in Austell

      Updated duplex, income-producing, low-maintenance rental property with immediate upside.
      5474 June Dr SW, Austell, GA 30106
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      0.27 Acres

      Turnkey Duplex in Austell, GA

      Income-producing duplex in downtown Austell, fully renovated in 2021.
      2493 Washington Street Ext, Austell, GA 30106
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    • New
      $300,000
      0.75 Acres

      Renovated Duplex in Austell, Georgia

      Income-producing duplex with recent renovations and immediate rental upside.
      5472-5474 June Dr SW, Austell, GA 30106
      View Details

    Similar Nearby for Lease

    • $2,399 /Mo

      New Townhomes for Rent

      Brand new townhomes in Austell, GA with modern amenities.
      3890 Floyd Rd SW, Austell, GA 30106
      View Details
    • Contact for pricing

      East West Shopping Center Space

      Office and retail spaces in a high-growth area.
      2495 East -West Connector, Austell, GA 30106
      View Details
    • Contact for pricing

      Prime Retail Space in Austell

      23,500 SF retail space with high visibility.
      1757 West Connector East, Austell, GA 30106
      View Details
    • Contact for pricing
      85,565 SF

      Austell Retail Center: Prime Location

      High-traffic retail space, 3 units available.
      1025 -West Connector, Austell, GA 30106
      View Details
    • Contact for pricing
      12,695 SF

      Retail Space Near Medical Center

      Retail space available near Wellstar Cobb Medical Center.
      3829 Austell Rd, Austell, GA 30106
      View Details
    • Contact for pricing

      Retail Space Near WellStar Hospital

      Retail property with high visibility and excellent access.
      3999 Austell Rd, Austell, GA 30106
      View Details
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    2105 Mesa Vly Way
    Austell, GA 30106-8183
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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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