Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    238 Broad St Fairburn, GA 30213-4105

    • Auto shops
    • 2,190 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2020
    $535,000
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1488023
    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

    • Custom Window Tinting. Mobile Service / Window Tinting Service
    • Onyx Motors Inc / Used Car Dealer

    Property Details for 238 Broad St

    Year built
    1971
    Lot size
    1.91 lot acres
    Property size
    2,190 SF
    Zone code
    M1
    Property type
    Auto shops
    APN
    09F170600670935
    APU
    09F170600670935

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $351,000
      Market price range: $100k - $377k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $640,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $720,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $680,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $580,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $535,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairburn
    County
    Fulton
    State
    Georgia
    Longitude
    -84.5749
    Latitude
    33.5706
    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
    $5,756
    $175,920
    $28,000
    $203,920
    -
    $439,800
    $70,000
    $509,800

    Comparable in this City

    • Value Estimation by Request
      2.20 Acres

      6825 Roosevelt Hwy

      Automotive properties • 2.20 Acres
      6825 Roosevelt Hwy, Fairburn, GA 30213
      View Details
    • Value Estimation
      $2,480,000
      13,608 SF

      490 Bohannon Rd

      AUTO REPAIR, GARAGE • 13,608 SF
      490 Bohannon Rd, Fairburn, GA 30213-2875
      View Details
    • Value Estimation
      $5,325,000
      7,920 SF

      6737 Roosevelt Hwy

      AUTO REPAIR, GARAGE • 7,920 SF
      6737 Roosevelt Hwy, Fairburn, GA 30213-2834
      View Details
    • Value Estimation
      $145,000
      1,248 SF

      6813 Roosevelt Hwy

      AUTO REPAIR, GARAGE • 1,248 SF
      6813 Roosevelt Hwy, Fairburn, GA 30213
      View Details
    • Value Estimation
      $320,000
      12,160 SF

      98 Howell Ave

      AUTO REPAIR, GARAGE • 12,160 SF
      98 Howell Ave, Fairburn, GA 30213-1660
      View Details
    • Value Estimation
      $255,000
      4,424 SF

      85 Broad St

      AUTO REPAIR, GARAGE • 4,424 SF
      85 Broad St, Fairburn, GA 30213-1339
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2.20 Acres

      Prime South Fulton Industrial Property

      2.2-Acre Lot, Multi-Use Potential
      6825 Roosevelt Hwy, Fairburn, GA 30213
      View Details
    • $1,350,000

      Fairburn Commercial Property For Sale

      Two buildings totaling ± 14,164 SF on ± 1.74 acres.
      99 Bay St NE, Fairburn, GA 30213
      View Details
    • New
      $310,000
      1,490 SF

      Renovated Commercial Space in Fairburn

      Upgraded commercial space suitable for various businesses in high-traffic area.
      124 W Campbellton Rd, Fairburn, GA 30213
      View Details
    • $550,000
      2,500 SF

      Renovated Commercial Property in Fairburn

      Updated property suitable for various professional uses in Fairburn.
      89 W Campbellton St, Fairburn, GA 30213
      View Details
    • $1,250,000
      Pending

      Commercial Property on Corner Lot

      9.35 acre commercial property with kennel and house.
      6285 Short Rd, Fairburn, GA 30213
      View Details
    • $1,450,000
      14,164 SF

      Fairburn Flex Building Investment

      ±14,164 SF, Multi-Tenant, High-Yield
      99 Bay St, Fairburn, GA 30213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fairburn Outdoor Storage Lot

      Gated gravel lot with trailer parking available for rent.
      7280 Graham Rd, Fairburn, GA 30213
      View Details
    • Contact for pricing
      2,400 SF

      Fairburn Retail Space For Rent

      Retail space in Fairburn's Main Street Redevelopment District.
      17 SW Broad St, Fairburn, GA 30213
      View Details
    • Contact for pricing
      20,448 SF

      Hudson Plaza Retail Space For Lease

      Fairburn, GA Retail Center - 5 Suites Available
      17 Smith St, Fairburn, GA 30213
      View Details
    • $9 SF/Yr
      100,000 SF

      Fairburn Industrial Park Opportunity

      Versatile Manufacturing/Warehouse Space in GA
      7403 Graham Rd, Fairburn, GA 30213
      View Details
    • Contact for pricing
      316,072 SF

      Fairburn Warehouse with Immediate Access

      316,072 SF warehouse with I-85 and CSX access.
      621 Bohannon Rd, Fairburn, GA 30213
      View Details
    • Contact for pricing
      104,200 SF

      Fairburn Industrial Building with Storage

      104,200 SF industrial building with fenced outside storage.
      605 Bohannon Rd, Fairburn, GA 30213
      View Details

    Property Visit Statistics

    • Visits by month
      24.7k
    • Visitors by month
      13.1k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    238 Broad St
    Fairburn, GA 30213-4105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.