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

    2631 Buford NE Hwy Atlanta, GA 30324-3109

    • Manufacturing properties
    • 7,766 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1277409
    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

    • Quickshot Shooting Range - Buckhead / Shooting Range

    Property Details for 2631 Buford NE Hwy

    Year built
    1963
    Construction
    WOOD FRAME
    Lot size
    0.67 lot acres
    Property size
    7,766 SF
    Zone code
    M
    Property type
    Manufacturing properties
    APN
    18 154 06 001
    APU
    1815406001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,440,000
      Market price range: $158k - $1.44M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,730,000
      Current use
      COMMERCIAL (GENERAL)
      $2,185,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,115,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $2,110,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,970,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $1,925,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3482
    Latitude
    33.826
    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
    $26,101
    $157,600
    $408,594
    $566,194
    -
    $394,000
    $1,021,486
    $1,415,486

    Comparable in this City

    • Value Estimation by Request
      0.98 Acres

      2632 Piedmont NE Rd

      HEAVY MANUFACTURING • 0.98 Acres
      2632 Piedmont NE Rd, Atlanta, GA 30324-3011
      View Details
    • Value Estimation
      $1,040,000
      10,563 SF

      348 Armour NE Dr

      PROCESSING PLANT (CEMENT, GRAVEL) • 10,563 SF
      348 Armour NE Dr, Atlanta, GA 30324-3921
      View Details
    • Value Estimation
      $1,040,000
      71,754 SF

      2121 Faulkner NE Rd

      FOOD PACKING, PACKING PLANT • 71,754 SF
      2121 Faulkner NE Rd, Atlanta, GA 30324-4269
      View Details
    • Value Estimation by Request
      1,066 SF

      740 Lambert NE Dr

      PROCESSING PLANT (CEMENT, GRAVEL) • 1,066 SF
      740 Lambert NE Dr, Atlanta, GA 30324-4143
      View Details
    • Value Estimation by Request
      70,000 SF

      2201-2241 Faulkner Rd

      Individual retail properties • 70,000 SF
      2201-2241 Faulkner Rd, Atlanta, GA 30324
      View Details
    • Value Estimation
      $10,700,000
      70,225 SF

      2201 Faulkner NE Rd

      INDUSTRIAL (GENERAL) • 70,225 SF
      2201 Faulkner NE Rd, Atlanta, GA 30324-4224
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Flex/Loft Office/Warehouse Near Beltline

      Flex/loft office/warehouse near Beltline, where Midtown meets Buckhead.
      1420 Mayson St NE, Atlanta, GA 30324
      View Details
    • $3,600,000
      17,336 SF

      Buford Hwy Executive Office Building

      Atlanta Office Building, 17,336 SF
      2707 Buford Hwy, Atlanta, GA 30324
      View Details
    • $1,395,000
      2,828 SF

      Turnkey Dental Office in Atlanta

      Fully operational dental office in a prime Atlanta location.
      1624 Piedmont Ave NE, Atlanta, GA 30324
      View Details
    • $1,750,000
      0.27 Acres

      Versatile Property in Prime Location

      Flexible space in high-traffic area, ideal for various uses.
      1640 Piedmont Ave, Atlanta, GA 30324
      View Details
    • New
      $274,999
      0.03 Acres

      Cosmopolitan Drive Condo in Atlanta

      End unit condo with upscale amenities in a prime location.
      711 Cosmopolitan Dr NE, Atlanta, GA 30324
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    • $1,200,000
      0.71 Acres

      Two-Parcel Land Opportunity in Atlanta

      Two adjoining parcels offer flexibility for renovation or redevelopment.
      1040 Lindridge Dr NE, Atlanta, GA 30324
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    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Adaptable Warehouse Space for Rent

      Air-conditioned warehouse with easy access to major transportation routes.
      2099 Faulkner Rd Northeast, Atlanta, GA 30324
      View Details
    • Contact for pricing
      49,630 SF

      Industrial Flex Space Available

      Industrial flex space featuring office and warehouse components.
      2091 Faulkner Rd NE, Atlanta, GA 30324
      View Details
    • $16 SF/Yr
      70,000 SF

      Atlanta Industrial Flex Space

      Versatile Atlanta warehouse space for lease.
      2201-2241 Faulkner Rd, Atlanta, GA 30324
      View Details
    • $27 SF/Yr
      34,059 SF

      Midtown Atlanta Flex Space

      Prime Midtown Atlanta flex space, 2,000 sq ft available.
      800 Lambert Dr, Atlanta, GA 30324
      View Details
    • Contact for pricing

      Warehouse Buildings with Outside Storage

      Warehouse buildings with fenced parking and outside storage available.
      2060 Liddell Dr NE, Atlanta, GA 30324
      View Details
    • $20 SF/Yr

      Prime Buckhead Retail Space

      Atlanta Restaurant Opportunity: 981 sq ft
      2628 Piedmont Rd, Atlanta, GA 30324
      View Details
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    Atlanta, GA 30324-3109
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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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