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Property profile & analytics
OFF-MARKET Estimated value $1,525,000
Outlet malls

2573 Gresham SE Rd Atlanta, GA 30316

8,591 SF 1.16 ac lot Built 2017
Individually Owned 2-yr Hold Free & Clear
Property ID
US22-1705194
Property summary
AI-generated overview

This 8,591 square foot single-tenant retail property, located at 2573 Gresham Rd SE, Atlanta, GA 30316, is situated on a 1.16-acre lot (50,530 sq ft) and offers 8,330 square feet of vacant space. Built in 2017 and renovated in 2023, this Class B building features upgraded brick construction on all sides and boasts excellent visibility with two access points. The property includes 33 total parking spaces and is conveniently located off Interstate 20, near a bus stop, Walmart, and other shopping centers. The zoning is C-1. High traffic counts, with approximately 14,600+ cars passing daily (data as of 6/12/24), and a dense surrounding demographic of over 118,000 residents within a 5-mile radius (esri census data as of 6/12/24) make this an ideal location for a variety of businesses. A Triple NNN lease option is available. The property's location at the intersection of Gresham Rd SE and Welland Avenue SE provides easy access and high visibility. Annual property taxes are $4.72 per square foot. The building is a single-story structure.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2017
Total area 8,591 SF
Lot 1.16 ac (50,530 SF)
Zoning code C1
APN 15 116 01 078
UPID US22-1705194
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
$1.54M
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.53M
Owner & transaction history
Mark L Bertrand · 2 yrs held
Mark L Bertrand
since 2023
Last sale
$1.7M
7 recorded transactions
2023
Price N/A
2018
Price N/A
2018
$2.1M
2016
Price N/A
2016
$275,000
2007
Price N/A
2006
Price N/A
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $2.3M +21.3%
Medical building $2.3M +21.2%
Auto repair, garage $2.2M +13.2%
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