Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2588 Gresham SE Rd Atlanta, GA 30316-4138

    • Grocery and convenience stores
    • 3,907 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3849597
    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

    • BTM Machines Bitcoin ATM / Crypto Atm / Atm
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • Frontline / Place Of Worship
    • Coinflip Bitcoin ATM / Atm / Currency Exchange Service
    • ATM (ATM Link, Inc.) / Atm

    Property Details for 2588 Gresham SE Rd

    Year built
    1967
    Construction
    WOOD FRAME
    Lot size
    0.71 lot acres
    Property size
    3,907 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    15 117 01 114
    APU
    1511701114

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $520,000
      Market price range: $338k - $631k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $915,000
      RETAIL STORES
      $875,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.31
    Latitude
    33.7124
    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
    $31,087
    $22,788
    $667,692
    $690,480
    -
    $56,970
    $1,669,230
    $1,726,200

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1865 Glenwood SE Ave

      CONVENIENCE STORE • 3,000 SF
      1865 Glenwood SE Ave, Atlanta, GA 30316-2311
      View Details
    • Value Estimation by Request
      2,196 SF

      2510 Gresham SE Rd

      CONVENIENCE STORE • 2,196 SF
      2510 Gresham SE Rd, Atlanta, GA 30316-4138
      View Details
    • Value Estimation by Request
      2,676 SF

      2690 Bouldercrest SE Rd

      CONVENIENCE STORE • 2,676 SF
      2690 Bouldercrest SE Rd, Atlanta, GA 30316
      View Details
    • Value Estimation
      $3,485,000
      5,100 SF

      2155 Flt Shls SE Rd

      CONVENIENCE STORE • 5,100 SF
      2155 Flt Shls SE Rd, Atlanta, GA 30316-3717
      View Details
    • Value Estimation
      $2,035,000
      44,839 SF

      2235 Glenwood SE Ave

      GROCERY, SUPERMARKET • 44,839 SF
      2235 Glenwood SE Ave, Atlanta, GA 30316-2307
      View Details
    • Value Estimation
      $1,075,000
      8,896 SF

      2615 Bouldercrest SE Rd

      CONVENIENCE STORE • 8,896 SF
      2615 Bouldercrest SE Rd, Atlanta, GA 30316
      View Details

    Similar Nearby for Sale

    • $1,715,000

      Freestanding Commercial Building in Atlanta

      Leased to The Victorian, a coffee shop and plant store.
      1336 Glenwood Ave SE, Atlanta, GA 30316
      View Details
    • $995,000
      2,666 SF

      East Atlanta Village Retail Opportunity

      Retail property in a trendy, walkable Atlanta neighborhood.
      500 Flat Shoals Ave SE, Atlanta, GA 30316
      View Details
    • $450,000
      1.01 Acres

      Retail Space Near Walmart

      Retail space with high visibility and updated interiors for sale.
      2517 Gresham Rd SE, Atlanta, GA 30316
      View Details
    • $3,900,000

      Value-Add Shopping Center For Sale

      Value-add shopping center with redevelopment opportunities on 7.9 acres.
      2520 Bouldercrest Rd, Atlanta, GA 30316
      View Details
    • $450,000

      Retail Space Near I-20

      Retail space with high visibility and recent updates for sale.
      2517 Gresham Rd Se, Atlanta, GA 30316
      View Details
    • $1,289,000

      East Atlanta Food and Beverage Building

      Two-tenant building in thriving East Atlanta with true NNN leases.
      845 Flat Shoals Ave SE, Atlanta, GA 30316
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      East Atlanta Village Retail Suites

      New retail suites in vibrant East Atlanta Village for lease.
      512 Flat Shoals Ave SE, Atlanta, GA 30316
      View Details
    • $1,799 /Mo
      43,778 SF

      Retail Space Near Walmart

      Retail space with high visibility and recent updates.
      2517 Gresham Rd SE, Atlanta, GA 30316
      View Details
    • Contact for pricing
      2,112 SF

      Retail Space in Glenwood Park

      Retail space available in dynamic mixed-use community on the Beltline.
      475 Bill Kennedy Way Southeast, Atlanta, GA 30316
      View Details
    • Contact for pricing
      2,761 SF

      Beltline Retail Space in Atlanta

      Ground floor commercial space on the Beltline in Glenwood Park.
      414 Bill Kennedy Way, Atlanta, GA 30316
      View Details
    • $16 SF/Yr

      East Atlanta Village Retail/Office Space

      Divisible retail and office suites in vibrant East Atlanta Village.
      514 Flat Shoals Ave Southeast, Atlanta, GA 30316
      View Details
    • $36 SF/Yr

      East Atlanta Village Retail Spaces

      New retail spaces for lease in vibrant East Atlanta Village.
      456 Flat Shoals Ave SE, Atlanta, GA 30316
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2588 Gresham SE Rd
    Atlanta, GA 30316-4138
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.