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

    2331 Marietta NW Blvd Atlanta, GA 30318

    • Grocery and convenience stores
    • 7,800 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jan 20, 2021
    $3,095,362
    Value Estimations
    $3,090,000
    Show details
    Cap Rate Potential
    4.1%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US22-0635552
    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

    • Grocery and convenience stores

    Property Details for 2331 Marietta NW Blvd

    Year built
    2014
    Lot size
    0.29 lot acres
    Property size
    7,800 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    17 024400010272
    APU
    17024400010272

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,220,000
      ML approach
      $3,190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,190,000
      6.5%
      $2,020,000
      7%
      $1,875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,857,000
      Market price range: $2.78M - $8.98M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,125,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,475,000
      Change: +111% Conversion: Difficult
      RESTAURANT
      $4,240,000
      Change: +100% Conversion: Difficult
      OFFICE BUILDING
      $2,910,000
      Change: +37% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,610,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,450,000
      Change: +15% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,435,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $2,120,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4616
    Latitude
    33.8188
    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
    $20,823
    $139,480
    $363,480
    $502,960
    -
    $348,700
    $908,700
    $1,257,400

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      608 14th NW St

      CONVENIENCE STORE • 2,280 SF
      608 14th NW St, Atlanta, GA 30318-5406
      View Details
    • Value Estimation by Request
      1,271 SF

      2795 Donald Lee Hollowell NW Pkwy

      CONVENIENCE STORE • 1,271 SF
      2795 Donald Lee Hollowell NW Pkwy, Atlanta, GA 30318-6000
      View Details
    • Value Estimation by Request
      2,040 SF

      2621 Donald Lee Hollowell NW Pkwy

      CONVENIENCE STORE • 2,040 SF
      2621 Donald Lee Hollowell NW Pkwy, Atlanta, GA 30318-8316
      View Details
    • Value Estimation
      $575,000
      2,964 SF

      1892 Howell Ml NW Rd

      CONVENIENCE STORE • 2,964 SF
      1892 Howell Ml NW Rd, Atlanta, GA 30318-2539
      View Details
    • Value Estimation by Request
      1,081 SF

      980 Hollywood NW Rd

      CONVENIENCE STORE • 1,081 SF
      980 Hollywood NW Rd, Atlanta, GA 30318-4765
      View Details
    • Value Estimation
      $640,000
      3,729 SF

      1001 Northside NW Dr

      CONVENIENCE STORE • 3,729 SF
      1001 Northside NW Dr, Atlanta, GA 30318-5421
      View Details

    Similar Nearby for Sale

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    • $12,500,000
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      Atlanta Westside Retail Gem

      Prime Bar/Storefront, $12.5M
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      Riverside Retail Space For Sale

      Commercial condo in mixed-use building, ideal for retail or office.
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      West Midtown Office/Retail Opportunity

      1500 SF building in a high-traffic Atlanta location.
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    Similar Nearby for Lease

    • $4,500 /Mo
      1,938 SF

      Office, Retail, or Medical Space

      Versatile commercial space suitable for office, retail, or medical use.
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      View Details
    • $2,100 /Mo
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      Atlanta Commercial Space For Rent

      Versatile commercial space suitable for various small businesses.
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    • Contact for pricing
      7,856 SF

      Office/Flex/Retail/Warehouse Space Available

      7,856 SF space for lease with convenient beltline access.
      1257 Marietta Blvd NW, Atlanta, GA 30318
      View Details
    • $30 SF/Yr
      2,330 SF

      Defoor Place Executive Office Space

      Prime Upper Westside Office/Retail Opportunity
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      View Details
    • Contact for pricing
      4,233 SF

      Westside Provisions District Retail/Office Space

      Mixed-use destination in West Midtown with retail and office spaces.
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      View Details
    • Contact for pricing
      4,535 SF

      Mixed-Use Property in Midtown West

      Office and retail spaces available in a mixed-use development.
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      View Details
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    Atlanta, GA 30318
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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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