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

    218 Sandy Spgs Pl Atlanta, GA 30328-3812

    • Medical offices
    • 7,592 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 10, 2023
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1125644
    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

    • Medical offices

    Property Details for 218 Sandy Spgs Pl

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    7,592 SF
    Zone code
    C1C
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17 008900080463
    APU
    17008900080463

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,835,000
      6.5%
      $1,695,000
      7%
      $1,575,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,065,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,065,000
      Change: +0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,930,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $1,705,000
      Change: -18% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,690,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3799
    Latitude
    33.9203
    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
    $15,477
    $212,920
    $335,400
    $548,320
    -
    $532,300
    $838,500
    $1,370,800

    Comparable in this City

    • Value Estimation
      $16,215,000
      102,692 SF

      5730 Glenridge Dr

      MEDICAL BUILDING • 102,692 SF
      5730 Glenridge Dr, Sandy Springs, GA 30328-6141
      View Details
    • Value Estimation
      $17,470,000
      152,275 SF

      755 Mt Vernon NE Hwy

      MEDICAL BUILDING • 152,275 SF
      755 Mt Vernon NE Hwy, Sandy Springs, GA 30328-4274
      View Details
    • Value Estimation
      $16,630,000
      130,020 SF

      20 Glenlake Pkwy

      MEDICAL BUILDING • 130,020 SF
      20 Glenlake Pkwy, Atlanta, GA 30328-3473
      View Details
    • Value Estimation
      $5,600,000
      31,308 SF

      6667 Vernon Woods Dr

      MEDICAL BUILDING • 31,308 SF
      6667 Vernon Woods Dr, Atlanta, GA 30328-3215
      View Details
    • Value Estimation
      $745,000
      3,924 SF

      240 Sandy Spgs Pl

      MEDICAL BUILDING • 3,924 SF
      240 Sandy Spgs Pl, Sandy Springs, GA 30328-3812
      View Details
    • Value Estimation by Request
      112,607 SF

      6277 Roswell Rd

      Neighborhood centers • 112,607 SF
      6277 Roswell Rd, Sandy Springs, GA 30328
      View Details

    Similar Nearby for Sale

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      Atlanta Specialty Property on Roswell

      Specialty property available for sale on Roswell Road, Atlanta.
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    • New
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      Pending

      Sandy Springs Cleared Development Lot

      Cleared lot in high-activity corridor with development potential.
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      1.25 Acres

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    Similar Nearby for Lease

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      112,607 SF

      Sandy Springs Plaza Retail Space

      Prime Sandy Springs retail opportunity.
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    • $31 SF/Yr
      262,615 SF

      Palisades Medical Office Suites

      Central Perimeter, Class A Medical Office Space
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    • Contact for pricing
      12,987 SF

      Mt. Vernon Medical Office Suites

      Class A Medical Office Space, Atlanta
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      View Details
    • $23 SF/Yr
      1,932 SF

      Atlanta Medical Office Space for Lease

      Prime Medical Office, 1,932 sq ft available
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    • $2,595 /Mo
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      Sandy Springs 55+ Condo for Rent

      Active adult living with included meals and amenities in Sandy Springs.
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      View Details
    • Contact for pricing
      2,119 SF

      Medical Office Space Available

      Medical office space for lease in Atlanta, Georgia.
      Johnson Ferry Rd NE 1100, Atlanta, GA 30328
      View Details
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    218 Sandy Spgs Pl
    Atlanta, GA 30328-3812
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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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