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

    2801 Windy Ridge Pkwy Atlanta, GA 30339

    • Garden apartment buildings
    • 2,174 SF
    • 4.02 lot acres
    For Lease
    View listing
    Last Sale
    Dec 23, 2020
    $11,000,000
    Value Estimations
    $7,975,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1301688
    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

    • Ellison Parkview / Apartment Rental Agency / Apartment Complex
    • The Battery Apartments / Hotel & Motel / Bed & Breakfast
    • The Optima Apartments / Apartment Complex

    Property Details for 2801 Windy Ridge Pkwy

    Year built
    1957
    Lot size
    4.02 lot acres
    Property size
    2,174 SF
    Zone code
    RRC
    Property type
    Garden apartment buildings
    APN
    17087900010
    APU
    17087900010

    Description

    This exceptional retail opportunity is located within Ellison Parkview, a vibrant new mixed-use development in Atlanta's Cumberland submarket. The property boasts 261,990 square feet across five stories, with 7,200 square feet of immediately available retail and restaurant space, ranging from 1,000 to a maximum of 3,600 contiguous square feet. Built in 2024, the building features elevators and offers prime visibility along Windy Ridge Parkway SE. The development is strategically situated near The Battery Atlanta, a highly trafficked lifestyle center attracting over 10 million annual visitors, and is less than a mile from Cumberland Mall (10 million annual visitors), the Cobb Galleria Centre, and the Cobb Energy Performing Arts Centre. Its location within Cumberland, one of Atlanta's largest office submarkets (24+ million square feet), ensures a substantial customer base. Easy access to I-285 and I-75 provides excellent regional connectivity. The development also includes 298 new apartment units, further enhancing the surrounding population and foot traffic. This is an unparalleled chance to establish a presence in a thriving, high-traffic area of Atlanta. The building offers a modern design and is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $10,965,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.472
    Latitude
    33.8899
    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
    $116,480
    $3,863,356
    $0.00
    $3,863,356
    -
    $9,658,390
    $0.00
    $9,658,390

    Comparable in this City

    • Value Estimation by Request
      439,167 SF

      50 Maner SE Ter

      GARDEN APT, COURT APT (5+ UNITS) • 439,167 SF
      50 Maner SE Ter, Atlanta, GA 30339-1989
      View Details
    • Value Estimation by Request
      329,385 SF

      4695 Church SE Ln

      GARDEN APT, COURT APT (5+ UNITS) • 329,385 SF
      4695 Church SE Ln, Atlanta, GA 30339-1545
      View Details
    • Value Estimation by Request
      2.81 Acres

      800 Galleria SE Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 2.81 Acres
      800 Galleria SE Pkwy, Atlanta, GA 30339-6001
      View Details
    • Value Estimation by Request
      2,131 SF

      3131 Stillhouse SE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 2,131 SF
      3131 Stillhouse SE Rd, Atlanta, GA 30339-3327
      View Details
    • Value Estimation by Request
      3.03 Acres

      2808 Mt Wilkinson SE Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 3.03 Acres
      2808 Mt Wilkinson SE Pkwy, Atlanta, GA 30339-4458
      View Details
    • Value Estimation by Request
      325,339 SF

      925 Battery SE Ave

      GARDEN APT, COURT APT (5+ UNITS) • 325,339 SF
      925 Battery SE Ave, Atlanta, GA 30339-2943
      View Details

    Similar Nearby for Sale

    • $360,000

      Olde Ivy Corner Unit Condo

      2-bed, 2-bath condo in gated community with resort-style amenities.
      4810 Ivy Ridge Dr SE, Atlanta, GA 30339
      View Details
    • $199,000
      980 SF

      Condo Near The Battery Atlanta

      Condo with new kitchen and HVAC system near popular Atlanta destinations.
      3120 Seven Pines Ct Northwest, Atlanta, GA 30339
      View Details
    • $595,000
      1,452 SF

      Renovated Condo with City Views

      Luxurious renovated condo with city views and resort-style amenities.
      2950 Mount Wilkinson Pkwy SE, Atlanta, GA 30339
      View Details
    • $250,000

      Vinings Condo in Gated Community

      Two-bedroom condo with updated features and community amenities.
      2683 Vinings Central Dr SE, Atlanta, GA 30339
      View Details
    • $360,000
      1,630 SF

      Corner Unit Condo in Smyrna

      Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
      4810 Ivy Ridge Dr SE, Atlanta, GA 30339
      View Details
    • $215,000
      761 SF

      Top-Floor Condo in Gated Community

      One-bedroom condo with modern updates and community amenities.
      1250 Parkwood Cir SE, Atlanta, GA 30339
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      1,363 SF

      Vinings Top Floor End Unit

      Top floor end unit in Vinings Main with many upgrades.
      3621 Vinings Slope SE, Atlanta, GA 30339
      View Details
    • $16 SF/Yr
      136,286 SF

      Prime Atlanta Executive Office Space

      Class A Office Suites, Cobb County, GA
      210 Interstate North Pkwy, Atlanta, GA 30339
      View Details
    • $22 SF/Yr
      22,590 SF

      Regus City View Office Suites

      Upscale Atlanta office space, flexible options
      3330 Cumberland Blvd, Atlanta, GA 30339
      View Details
    • $25 SF/Yr
      4,750 SF

      Office Space Near I-75

      1,500 SF office space with superior visibility and signage.
      5575 New Northside Dr, Atlanta, GA 30339
      View Details
    • $93 SF/Yr
      18,848 SF

      Atlanta Office Space: Riverwood Center

      Prime Atlanta office suites, coworking & creative spaces.
      3350 Riverwood Pkwy, Atlanta, GA 30339
      View Details
    • $19 SF/Yr
      17,194 SF

      Prime Atlanta Office Sublease

      17,194 SF, Move-In Ready, Furnished Options
      1100 Circle 75 Pkwy, Atlanta, GA 30339
      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.
    2801 Windy Ridge Pkwy
    Atlanta, GA 30339
    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.