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    2901 Anvil Block Rd Ellenwood, GA 30294
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    Property profile & analytics

    2901 Anvil Block Rd Ellenwood, GA 30294

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    • Grocery and convenience stores
    • 3,720 SF
    • 0.88 lot acres
    For Sale
    $500,000
    View Listing →
    High-Performing Restaurant in Atlanta Submarket For Sale
    $500,000
    1,700 SF

    High-Performing Restaurant in Atlanta Submarket

    Turnkey restaurant investment with stable income and growth potential.

    2901 Anvil Block Road, Ellenwood, GA 30294
    View Listing
    Property ID
    US22-1805133
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • bp / Gas Station
    • Captain D's / Restaurant

    Property Details for 2901 Anvil Block Rd

    Year built
    2023
    Lot size
    0.88 lot acres
    Property size
    3,720 SF
    Zone code
    PUD
    Property type
    Grocery and convenience stores
    APN
    12-235D- A-002
    APU
    12235DA002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $995,000
      6.5%
      $920,000
      7%
      $855,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,055,000
      OFFICE BUILDING
      $615,000
      COMMERCIAL (GENERAL)
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellenwood
    County
    Clayton
    State
    Georgia
    Longitude
    -84.2947
    Latitude
    33.6332
    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
    $14,196
    $76,680
    $287,200
    $363,880
    -
    $191,700
    $718,000
    $909,700

    Comparable in this City

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      2333 Old Rex Morrow Rd

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      3762 Panthersville Rd

      CONVENIENCE STORE • 3,200 SF
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      2915 Bouldercrest Rd

      CONVENIENCE STORE • 2,805 SF
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    • Value Estimation
      $1,035,000
      8,376 SF

      4443 Old Dunn Ct

      CONVENIENCE STORE • 8,376 SF
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    • Value Estimation by Request
      104 SF

      Ellenwood, GA 30294

      CONVENIENCE STORE • 104 SF
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      2,620 SF

      High-Performing Popeyes Restaurant For Sale

      NNN leased Popeyes with strong sales and rental increases.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Near I-675

      Retail center in Ellenwood, GA, near I-675.
      3056 Anvil Block Rd, Ellenwood, GA 30294
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      Retail Spaces in Multifamily Development

      Two retail spaces for lease in a new development.
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      571,517 SF

      Spacious Warehouse with Extensive Loading Docks

      Large warehouse featuring 103 loading docks and ample parking.
      2065 Anvil Block Rd, Ellenwood, GA 30294
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    • Contact for pricing
      162,009 SF

      Ellenwood Warehouse Space Available

      162,009 square foot warehouse space for lease in Ellenwood.
      2063 Anvil Block Rd, Ellenwood, GA 30294
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    • Contact for pricing

      Anvilblock Road Retail Outparcel

      Retail outparcel near I-675 and major retailers.
      2900 Anvil Block Rd, Ellenwood, GA 30294
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    Ellenwood, GA 30294
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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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    2901 Anvil Block Rd, Ellenwood, GA, 30294
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