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

    249 Milton SE Ave Atlanta, GA 30315-2324

    • Warehouses
    • 7,911 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2024
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4596262
    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

    • Yellow Cab of Georgia / Taxi Service / Taxicab Stand
    • Easy Did It / Graphic Designer
    • Modern Tech Home Builders / Home Builder
    • Hersh Import Limited / Warehouse Store

    Property Details for 249 Milton SE Ave

    Year built
    1943
    Construction
    WOOD
    Lot size
    1.04 lot acres
    Property size
    7,911 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    14 005600060032
    APU
    14005600060032

    Description

    This exceptional 14,395 square foot property, located at 249 Milton Avenue SE in Atlanta, Georgia, presents a compelling investment opportunity. Situated on a 1.4-acre lot in Fulton County (zip code 30315), this mixed-use building offers a blend of executive office and warehouse space, ideal for a variety of businesses. The asking price is $2,900,000, translating to a price per square foot of $201.46. The property boasts a highly attractive 4.50% capitalization rate, making it an attractive prospect for investors seeking strong returns. Its convenient location offers easy access to the BeltLine, enhancing its appeal and potential for growth. The property's classification as both office and industrial space provides significant flexibility for potential tenants or owners. This prime location within an opportunity zone further enhances its investment potential. The building's substantial size and versatile layout provide ample space for various business operations. This is a rare opportunity to acquire a well-positioned, high-yield property in a thriving Atlanta market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $855,000
      7%
      $790,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,145,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3806
    Latitude
    33.7191
    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
    $0.00
    $35,960
    $375,000
    $410,960
    -
    $89,900
    $937,500
    $1,027,400

    Comparable in this City

    • Value Estimation
      $1,055,000
      18,275 SF

      259 Milton SE Ave

      WAREHOUSE, STORAGE • 18,275 SF
      259 Milton SE Ave, Atlanta, GA 30315-2324
      View Details
    • Value Estimation by Request
      5,580 SF

      1161 Rdg SW Ave

      MINI-WAREHOUSE, STORAGE • 5,580 SF
      1161 Rdg SW Ave, Atlanta, GA 30315-1603
      View Details
    • Value Estimation
      $900,000
      101,659 SF

      786 Cleveland SW Ave

      MINI-WAREHOUSE, STORAGE • 101,659 SF
      786 Cleveland SW Ave, Atlanta, GA 30315-7239
      View Details
    • Value Estimation by Request
      2,000 SF

      2280 Metropolitan SW Pkwy

      WAREHOUSE, STORAGE • 2,000 SF
      2280 Metropolitan SW Pkwy, Atlanta, GA 30315-6229
      View Details
    • Value Estimation
      $550,000
      7,200 SF

      218 Mcdonough SE Blvd

      WAREHOUSE, STORAGE • 7,200 SF
      218 Mcdonough SE Blvd, Atlanta, GA 30315-2321
      View Details
    • Value Estimation by Request
      3,819 SF

      1144 Mailing SE Ave

      WAREHOUSE, STORAGE • 3,819 SF
      1144 Mailing SE Ave, Atlanta, GA 30315-2508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,083 SF

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    • $100,000
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      Atlanta Vacant Lot Opportunity

      Vacant lot in Atlanta, ideal for residential or investment.
      2743 Grand Ave, Atlanta, GA 30315
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    • $139,000
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      Residential Land Near Downtown Atlanta

      Land available near downtown Atlanta with development potential.
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    Similar Nearby for Lease

    • $0.18 SF/Yr
      17,000 SF

      Sawtell Ave SE Industrial Complex

      Four Buildings, 1.8 Acres, Flexible Space
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      View Details
    • Contact for pricing
      26,000 SF

      Industrial Space Near Downtown Connector

      Industrial property with easy access to I-85 and Downtown.
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      View Details
    • $2,000 /Mo

      Industrial Suite Near Southside Beltline

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    • Contact for pricing

      Underground Fiber Network Route

      Atlanta fiber route for lease with diverse network access.
      Atlanta Fiber Rte, Atlanta, GA 30315
      View Details
    • $2,000 /Mo
      29,621 SF

      Metropolitan Parkway Storage or Business

      Two contiguous lots for storage or small business operations.
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      View Details
    • $10 SF/Yr
      6,239 SF

      Atlanta Retail Sublease Opportunity

      6,239 SF Standalone Retail Building
      1701 Jonesboro Rd, Atlanta, GA 30315
      View Details
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    Atlanta, GA 30315-2324
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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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