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Property profile & analytics

241 Falcon Dr Forest Park, GA 30297-1601

  • Motels
  • 1,476 SF
  • 2.65 lot acres
OFF-MARKET
Value Estimations
$300,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US22-0471559
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

  • Economy Hotel Forest Park / Hotel
  • Yndulge Lounge / Restaurant
  • BROOKS, CONCEPTION High / Lodging

Property Details for 241 Falcon Dr

Year built
1968
Lot size
2.65 lot acres
Property size
1,476 SF
Zone code
C
Property type
Motels
APN
13-044C- A-004
APU
13044CA004

Description

This exceptional investment opportunity presents a portfolio of three independently branded economy hotels located in the thriving Greater Atlanta MSA, encompassing Forest Park, Decatur, and Roswell, Georgia. The portfolio boasts a total of 410 guest rooms across the three properties, built in 1968, 1974, and 1985, with renovations completed in 2017 and 2019. Offered at $15,500,000 fee simple, this value-add investment presents a significant discount to replacement cost, considering current construction expenses. The properties are fully unencumbered by debt or management agreements, providing a fresh start for a new owner to implement operational improvements and capitalize on existing cash flow. Each hotel is zoned for commercial use, and the portfolio offers the flexibility of purchasing as a whole or individually. This presents a unique opportunity to acquire a regionally concentrated portfolio of established economy hotels in a dynamic market. The portfolio's location within the Greater Atlanta MSA provides access to a robust tourism and business travel market, ensuring strong potential for future growth and profitability. This is a rare chance to acquire a well-positioned hotel portfolio with immediate value and significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $300,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $297,000
    Market price range: $40.1k - $302k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $275,000

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


Location Insight

  • Map
  • Local Demand
City
Forest Park
County
Clayton
State
Georgia
Longitude
-84.3977
Latitude
33.6251
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
$24,968
$69,280
$837,600
$906,880
-
$173,200
$2,094,000
$2,267,200
More about this property
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