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

    249 Peters SW St Atlanta, GA 30313-1229

    • Retail space
    • 7,809 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0817403
    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

    • Brie's Bake Shop / Bakery / Specialty Food Shop
    • Melanated Beauty Spa ATL / Hair Salon / Nail Salon
    • Yard Nine Properties / General Contractor
    • America's Realest Music / Music Venue
    • Cabana Ois / Spiritual Center

    Property Details for 249 Peters SW St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.74 lot acres
    Property size
    7,809 SF
    Zone code
    I1
    Property type
    Retail space
    APN
    14 008400111146
    APU
    14008400111146

    Description

    This exceptional value-add opportunity presents two buildings totaling 15,145 square feet on a 33,987 square foot lot in Atlanta's vibrant Castleberry Hill neighborhood. The property, built in 1911 and renovated in 2024, features ten units across two one-story buildings, currently at 11% occupancy. Zoned HC-20N SA-1, it offers a unique blend of storefront and restaurant spaces, ideal for a variety of uses. Located near Mercedes Benz Stadium, State Farm Arena, and Centennial Yards, the property benefits from high foot traffic and proximity to major attractions, drawing over 15.7 million annual visitors who contribute over $2.1 billion to the local economy. The asking price is $5,880,000, translating to $388.25 per square foot and $177 per square foot for land value. This NNN-leased multi-tenant property presents a compelling investment opportunity with significant upside potential in a rapidly developing area. The property's location within walking distance of major entertainment venues and the city's burgeoning hotel district positions it for strong rental income and future appreciation. The recent renovation ensures the property is well-maintained and ready for immediate occupancy. This is a rare chance to acquire a substantial retail portfolio in a prime Atlanta location with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4017
    Latitude
    33.7479
    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
    $24,610
    $291,960
    $302,480
    $594,440
    -
    $729,900
    $756,200
    $1,486,100

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES) • 4,984 SF
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      View Details
    • Value Estimation by Request
      2,903 SF

      74 Northside SW Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,903 SF
      74 Northside SW Dr, Atlanta, GA 30313-1402
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    • Value Estimation by Request
      2,206 SF

      159 Walker SW St

      RETAIL STORES (PERSONAL SERVICES) • 2,206 SF
      159 Walker SW St, Atlanta, GA 30313-1325
      View Details
    • Value Estimation
      $1,220,000
      12,451 SF

      275 Baker NW St

      RETAIL STORES (PERSONAL SERVICES) • 12,451 SF
      275 Baker NW St, Atlanta, GA 30313-1801
      View Details
    • Value Estimation
      $530,000
      4,146 SF

      151 Mls NW St

      RETAIL STORES (PERSONAL SERVICES) • 4,146 SF
      151 Mls NW St, Atlanta, GA 30313
      View Details
    • Value Estimation by Request
      1,080 SF

      340 Mcdaniel SW St

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      340 Mcdaniel SW St, Atlanta, GA 30313-1110
      View Details

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    Similar Nearby for Lease

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    249 Peters SW St
    Atlanta, GA 30313-1229
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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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