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

    2800 Atlanta Rd, Unit 2848 Ellenwood, GA 30294-2780

    • Community centers
    • 68,272 SF
    • 7.52 lot acres
    OFF-MARKET
    Value Estimations
    $7,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4700567
    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

    • Shree Cleaners / (Bike/Boat/Book/etc) Store
    • Paradise Shoppes of Ellenwood / Business Service Center / Corporate Office

    Property Details for 2800 Atlanta Rd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.52 lot acres
    Property size
    68,272 SF
    Zone code
    C1
    Property type
    Community centers
    APN
    025-04013000
    APU
    2504013000

    Description

    Paradise Shoppes of Ellenwood offers exceptional retail and warehouse opportunities. This vibrant center boasts 69,060 square feet of space, divided into 18 suites, with multiple tenancy options. Three spaces are currently available, ranging from 1,050 to 8,900 contiguous square feet. Ideal for a variety of businesses, including restaurants and retail establishments. A second-generation restaurant space (Suite 15) and a retail space (Suite 4) are ready for immediate occupancy. Additionally, approximately 8,900 square feet of warehouse space is available, situated conveniently behind established tenants such as Planet Fitness and Dollar Tree. This prime location benefits from high visibility and strong co-tenancy with national brands like Zaxby's and Pizza Hut. The property enjoys excellent accessibility, being a mere 20-minute drive from Hartsfield-Jackson International Airport and only 4 miles from the Gillem Logistic Center, a substantial 1,000-acre industrial park encompassing 8 million square feet of warehouse space, including an Amazon distribution center. This strategic location ensures high traffic volume and a robust customer base. The flexible space options cater to diverse business needs, making this an exceptional investment opportunity. Contact us today to learn more about these available spaces and secure your place in this thriving commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,233,000
      Market price range: $6.77M - $16.3M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,900,000
      Current use
      COMMERCIAL (GENERAL)
      $11,490,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellenwood
    County
    Henry
    State
    Georgia
    Longitude
    -84.2438
    Latitude
    33.6178
    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
    $95,395
    $526,560
    $1,815,200
    $2,341,760
    -
    $1,316,400
    $4,538,000
    $5,854,400

    Comparable in this City

    • Value Estimation
      $8,695,000
      80,431 SF

      101 Fairview Rd

      MINI-MALL • 80,431 SF
      101 Fairview Rd, Ellenwood, GA 30294-2722
      View Details
    • Value Estimation
      $6,570,000
      53,745 SF

      3058 Anvil Block Rd

      SHOPPING CENTER, STRIP CENTER • 53,745 SF
      3058 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Value Estimation by Request
      3,660 SF

      406 County Line Rd

      SHOPPING CENTER, STRIP CENTER • 3,660 SF
      406 County Line Rd, Ellenwood, GA 30294-2698
      View Details
    • Value Estimation
      $5,170,000
      54,142 SF

      1772 Panola Rd, Unit 1794

      SHOPPING CENTER, STRIP CENTER • 54,142 SF
      1772 Panola Rd, Ellenwood, GA 30294-2856
      View Details
    • Value Estimation by Request
      5,420 SF

      351 Fairview Rd

      SHOPPING CENTER, STRIP CENTER • 5,420 SF
      351 Fairview Rd, Ellenwood, GA 30294-2634
      View Details
    • Value Estimation by Request
      8,250 SF

      445 Santa Fe Trl

      SHOPPING CENTER, STRIP CENTER • 8,250 SF
      445 Santa Fe Trl, Ellenwood, GA 30294-2684
      View Details

    Similar Nearby for Sale

    • $550,000
      1.43 Acres

      Prime Commercial Land in Ellenwood, GA

      1.43 acres of GB-zoned land with high visibility.
      2892 Rex Rd, Ellenwood, GA 30294
      View Details
    • $1,400,000
      1.30 Acres

      1.3 AC Land For Sale

      1.3 AC Land For Sale
      2762 River Road, Ellenwood, GA 30294
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    • $625,000

      Residential Development Site Near Atlanta

      5.8-acre residential development site in a quiet neighborhood.
      4102 Bouldercrest Rd, Ellenwood, GA 30294
      View Details
    • $40,000
      0.33 Acres

      Land Lot in Ellenwood, GA

      Land lot in developed subdivision with utilities available.
      4082 Northwind Dr, Ellenwood, GA 30294
      View Details
    • $325,000
      2.07 Acres

      Corner Lot in Growing Area

      2.065-acre corner lot with high visibility in growing north Clayton County.
      4572 Bouldercrest/Anvil Block, Ellenwood, GA 30294
      View Details
    • $50,000
      0.81 Acres

      Ellenwood Land Development Opportunity

      Nearly an acre in a growing Atlanta corridor.
      4225 Weelaunee Rd, Ellenwood, GA 30294
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,557 SF

      Ellenwood Retail Center Investment

      High-traffic retail space available
      1790 Panola Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      55,310 SF

      Ellenwood Retail Center Opportunity

      High-traffic retail space available now.
      3056 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      30,000 SF

      Ellenwood Warehouse - 30,000 SF

      Prime Clayton County Distribution Space
      2620 Campbell Blvd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Facility with Paved Acreage

      30,000 SF industrial facility on 10.5 paved acres for lease.
      2620 Campbell Blvd, Ellenwood, GA 30294
      View Details
    • $7 SF/Yr
      39,000 SF

      Highway 42 Industrial Property

      39,000 SF Flex Space For Lease
      5290 Ga-42, Ellenwood, GA 30294
      View Details
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    Ellenwood, GA 30294-2780
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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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