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    Property profile & analytics

    241 Wieuca NE Rd Atlanta, GA 30342-3367

    • Office buildings
    • 7,752 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1655213
    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

    • MEDICARE SUPPLEMENT SPECIALISTS / Medical Center
    • Avail-Tvn / Television Station
    • Atlanta Speech Pathology / Speech Pathologist
    • Granville Property Management,... / Property Management Company
    • Jones Ewing Dobbs & Tamplin Insurance Inc / Insurance Agency

    Property Details for 241 Wieuca NE Rd

    Year built
    1969
    Lot size
    0.74 lot acres
    Property size
    7,752 SF
    Zone code
    RLC
    Property type
    Office buildings
    APN
    17 009500010462
    APU
    17009500010462

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,845,000
      6.5%
      $1,705,000
      7%
      $1,580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,557,000
      Market price range: $560k - $1.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,215,000
      Current use
      COMMERCIAL (GENERAL)
      $2,180,000
      Change: -2% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,110,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $2,110,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,970,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3789
    Latitude
    33.876
    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
    $29,652
    $324,320
    $391,920
    $716,240
    -
    $810,800
    $979,800
    $1,790,600

    Comparable in this City

    • Value Estimation by Request
      324,060 SF

      5555 Glenridge Connector

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 324,060 SF
      5555 Glenridge Connector, Sandy Springs, GA 30342-4759
      View Details
    • Value Estimation
      $3,320,000
      15,606 SF

      4840 Roswell Rd

      OFFICE BUILDING (MULTI-STORY) • 15,606 SF
      4840 Roswell Rd, Sandy Springs, GA 30342-2639
      View Details
    • Value Estimation
      $1,515,000
      6,400 SF

      5491 Roswell Rd

      OFFICE BUILDING (MULTI-STORY) • 6,400 SF
      5491 Roswell Rd, Atlanta, GA 30342-1911
      View Details
    • Value Estimation
      $3,300,000
      16,159 SF

      5505 Roswell Rd

      OFFICE BUILDING (MULTI-STORY) • 16,159 SF
      5505 Roswell Rd, Sandy Springs, GA 30342-1985
      View Details
    • Value Estimation
      $3,895,000
      17,316 SF

      5424 Glenridge Dr

      OFFICE BUILDING (MULTI-STORY) • 17,316 SF
      5424 Glenridge Dr, Sandy Springs, GA 30342-1342
      View Details
    • Value Estimation
      $16,725,000
      88,575 SF

      5620 Glenridge Dr

      OFFICE BUILDING (MULTI-STORY) • 88,575 SF
      5620 Glenridge Dr, Sandy Springs, GA 30342-1334
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Sandy Springs Office Building

      Prime Medical Office, 5,000 SF, Vacant
      775 Johnson Ferry Rd, Sandy Springs, GA 30342
      View Details
    • $1,695,000
      6,000 SF

      Modern Home with Resort-Inspired Amenities

      Contemporary home with pool, gardens, and outdoor leisure areas.
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    • $244,900
      1,040 SF

      Updated Condo Near Buckhead

      Updated 2-bed, 1-bath condo in desirable Atlanta location.
      4266 Roswell Rd NE, Atlanta, GA 30342
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    • $795,000
      0.98 Acres

      Land in Sandy Springs, Atlanta

      0.98-acre lot with remodel or rebuild opportunity in Atlanta.
      110 Stewart Dr, Atlanta, GA 30342
      View Details
    • New
      $749,900
      0.76 Acres

      Buckhead Land Opportunity

      Land available in a private enclave near Blue Heron Nature Preserve.
      493 Emily Reed Ln, Atlanta, GA 30342
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    • $1,150,000
      0.57 Acres

      Chastain Park Development Opportunity

      Rare corner lot near Chastain Park, ideal for new development.
      35 Putnam Cir NE, Atlanta, GA 30342
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    Similar Nearby for Lease

    • $22 SF/Yr
      25,332 SF

      Prime Atlanta Office Space

      Prestigious Glenridge Office Suites
      5555 Glenridge Dr, Atlanta, GA 30342
      View Details
    • $5,500 /Mo
      152,024 SF

      Retail Space on Roswell Road

      Move-in-ready retail space with high visibility and foot traffic.
      5600 Roswell Rd, Atlanta, GA 30342
      View Details
    • $247 SF/Yr
      1,200 SF

      Roswell Road Office Space Available

      Modern Sandy Springs office, 1,000-1,200 sq ft.
      4651 Roswell Rd, Sandy Springs, GA 30342
      View Details
    • $27 SF/Yr

      Upscale Office Building in Sandy Springs

      Upscale office building in affluent Sandy Springs area for lease.
      5009 Roswell Rd, Sandy Springs, GA 30342
      View Details
    • $21 SF/Yr
      1,000 SF

      Roswell Road Executive Office Suite

      Prime Sandy Springs office, 1000 sq ft.
      4651 Roswell Rd, Sandy Springs, GA 30342
      View Details
    • Contact for pricing
      3,610 SF

      Medical Office Space Available

      Medical office space for lease in Atlanta, GA.
      5505 Peachtree Dunwoody Rd, Atlanta, GA 30342
      View Details
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    241 Wieuca NE Rd
    Atlanta, GA 30342-3367
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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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