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Property profile & analytics
FOR SALE
Flex space
229 Walker St SW Atlanta, GA 30313
Entity Owned
10-yr Hold
Free & Clear
Property ID
US22-4528197
For Sale
1 / 14
$1,499,000
229 Walker St SW, Atlanta, GA 30313
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1952
Construction
WOOD
Total area
4,000 SF
Lot
0.17 ac (7,231 SF)
Zoning code
I1
APN
14 008400110114
UPID
US22-4528197
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Noble Realty INC · 10 yrs held
Noble Realty INC
since 2016
4 recorded transactions
Zoning & alternative use
I1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,620
Tax year 2023
Assessed value
$87,440
Assessed 2024
Previous assessed
$87,440
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$43,400
Assessed improvement
$44,040
Land market value
$108,500
Improvement market value
$110,100
Total market value
$218,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1952
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
4,000 SF
Lot
0.17 ac (7,231 SF)
Zoning code
I1
APN
14 008400110114
UPID
US22-4528197
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Noble Realty INC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 398, FAIRBURN, GA 30213-0398
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2016
—
Noble Realty INC
229 Walker Street LLC
Quit Claim Deed
related
—
Oct 21, 2013
$150,000
Noble Realty INC
229 Walker Street LLC
Warranty Deed
—
Sep 12, 2006
—
229 Walker Street LLC
Carroll,mildred J
Quit Claim Deed
related
—
Sep 7, 2006
—
229 Walker Street LLC
Carroll,mildred J
Grant Deed
related
—
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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