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

    2421 Van Fleet Cir Atlanta, GA 30360

    • Strip malls
    • 37,717 SF
    • 5.20 lot acres
    OFF-MARKET
    Last Sale
    Nov 30, 2020
    $10,500,000
    Value Estimations
    $9,920,000
    Show details
    Cap Rate Potential
    4.8%
    Strip malls
    Location Intelligence
    Property ID
    US22-1047635
    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

    • Minhwa Spirits / Restaurant

    Property Details for 2421 Van Fleet Cir

    Year built
    1985
    Lot size
    5.20 lot acres
    Property size
    37,717 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    18 342 12 002
    APU
    1834212002

    Description

    Tilly Mill Crossing, located at 2421 Van Fleet Cir in Doraville, Georgia (zip code 30360), offers a prime retail opportunity in DeKalb County. This multi-tenant commercial property boasts a total of 37,750 square feet, with three available suites ranging from a minimum of 1,919 square feet to a maximum contiguous space of 11,094 square feet. Currently, 14,936 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. The property's strategic location offers excellent visibility and accessibility. Its proximity to luxury apartments ensures a built-in customer base and high foot traffic. The property is classified as retail commercial space and is ideal for businesses seeking a well-established location in a thriving area. The address is easily accessible via Van Fleet Circle, providing convenient access for both customers and employees. This is a rare opportunity to secure retail space in a desirable location with excellent potential for growth and profitability. The property's size and layout offer flexibility for a variety of retail concepts. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,605,000
      ML approach
      $8,760,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,510,000
      6.5%
      $7,855,000
      7%
      $7,295,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,265,000
      Current use
      COMMERCIAL (GENERAL)
      $10,600,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $10,255,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,575,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $8,830,000
      Change: -14% Conversion: Moderate
      RETAIL STORES
      $8,460,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2826
    Latitude
    33.9196
    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
    $66,469
    $800,000
    $400,000
    $1,200,000
    -
    $2,000,000
    $1,000,000
    $3,000,000

    Comparable in this City

    • Value Estimation
      $3,535,000
      6,911 SF

      6803 Peachtree Industrial Blvd

      SHOPPING CENTER, STRIP CENTER • 6,911 SF
      6803 Peachtree Industrial Blvd, Atlanta, GA 30360-2301
      View Details
    • Value Estimation
      $360,000
      13,028 SF

      6900 Peachtree Industrial Blvd

      SHOPPING CENTER, STRIP CENTER • 13,028 SF
      6900 Peachtree Industrial Blvd, Atlanta, GA 30360-2339
      View Details
    • Value Estimation
      $200,000
      10,604 SF

      5000 Winters Chapel Rd

      SHOPPING CENTER, STRIP CENTER • 10,604 SF
      5000 Winters Chapel Rd, Atlanta, GA 30360-1746
      View Details
    • Value Estimation
      $310,000
      8,982 SF

      5027 Winters Chapel Rd

      SHOPPING CENTER, STRIP CENTER • 8,982 SF
      5027 Winters Chapel Rd, Atlanta, GA 30360-1830
      View Details
    • Value Estimation
      $575,000
      108,562 SF

      4343 Tilly Ml Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 108,562 SF
      4343 Tilly Ml Rd, Atlanta, GA 30360-2609
      View Details
    • Value Estimation by Request
      56,725 SF

      6035 Peachtree Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 56,725 SF
      6035 Peachtree Rd, Atlanta, GA 30360-3230
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      66 SF

      Industrial End Unit Available

      16,465 SF industrial end unit for sale.
      4587-4595 Winters Chapel Rd, Atlanta, GA 30360
      View Details
    • $1,200,000
      10,000 SF

      Two-Story Office Building For Sale

      10,000 SF office building with access to major routes.
      4500 Winters Chapel Rd, Atlanta, GA 30360
      View Details
    • Contact for pricing
      66 SF

      Industrial Suites Available for Sale

      Industrial property with multiple suites available for sale in Atlanta.
      4565 Winters Chapel Rd | Atlanta, Atlanta, GA 30360
      View Details
    • $3,750,000
      4.19 Acres

      Prime Doraville Commercial Land

      4.19 Acres, O-I Zoning, High Visibility
      6115 Peachtree Industrial Blvd, Atlanta, GA 30360
      View Details
    • $169,200
      2,624 SF

      Doraville Restaurant - $169,200

      Turnkey Mexican restaurant; established clientele.
      0 Peachtree Industrial Blvd, Atlanta, GA 30360
      View Details
    • Contact for pricing

      Winters Chapel Road Property

      Property located on Winters Chapel Road, Atlanta, GA 30360.
      5076 Winters Chapel Rd, Atlanta, GA 30360
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,500 SF

      Peachtree Industrial Blvd Office Space

      Atlanta Executive/Medical Office, 6,500 SF
      6840 Peachtree Industrial Blvd, Atlanta, GA 30360
      View Details
    • Contact for pricing
      3,051 SF

      Prime Doraville Retail Space

      Brand new, 3,051 sq ft restaurant space.
      4256 Tilly Mill Rd, Atlanta, GA 30360
      View Details
    • $2,900 /Mo
      133,294 SF

      Bankers Industrial Drive Commercial Space

      Commercial space in Atlanta's Bankers Industrial corridor, near I-85/I-285.
      3009 Bankers Industrial Dr Unit, Atlanta, GA 30360
      View Details
    • Contact for pricing
      25,480 SF

      DeKalb County Warehouse Space

      25,480 SF warehouse space in DeKalb County.
      4266 Winters Chapel Rd, Atlanta, GA 30360
      View Details
    • $9 SF/Yr
      7,940 SF

      Warehouse Space Available for Lease

      7,940 SF warehouse space for lease until March 2027.
      4420 Bankers Cir, Atlanta, GA 30360
      View Details
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    2421 Van Fleet Cir
    Atlanta, GA 30360
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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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