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    2951 Springdale East Point, GA 30344
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    Property profile & analytics

    2951 Springdale, East Point, GA 30344

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    • Commercial real estate
    • 2.39 lot acres
    Off-Market
    Property ID
    US22-4428374
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2951 Springdale

    Lot size
    2.39 lot acres
    Property type
    Commercial real estate
    APN
    14-0100-0003-026-2

    Description

    This exceptional 2.39-acre property, encompassing parcels 14-0100-0003-026-2 and 14-0100-0003-027-0, presents a unique investment opportunity in a rapidly developing area of Atlanta, Georgia. Located in Fulton County, near East Point, with a 30344 zip code, this land boasts convenient access to I-85, placing it within easy reach of downtown Hapeville, the Atlanta airport, and the Porsche Experience Center. Zoned for both agricultural and residential use, the property offers considerable flexibility for future development. The asking price is $1,450,000. This prime location within the perimeter offers significant potential for growth and return on investment. The property's size and zoning make it suitable for a variety of uses, catering to both residential and agricultural interests. Its proximity to major transportation arteries and key attractions further enhances its appeal. Don't miss this chance to acquire a piece of Atlanta's thriving real estate market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Point
    County
    Fulton
    State
    Georgia
    Longitude
    -84.448772
    Latitude
    33.6832181

    Comparable in this City

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      Charming Atlanta Home For Sale

      Charming 2-bedroom home with rental history in historic East Point.
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      Charming Atlanta Home For Sale

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      Renovated Duplex in Prime Location

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    Similar Nearby for Sale

    • $2,499,000
      6.02 Acres

      Multifamily Development Opportunity in East Point

      7.7 acres planned for 138 units near Atlanta airport.
      Norman Berry Dr, East Point, GA 30344
      View Details
    • $295,900
      1,392 SF

      East Point Versatile Commercial Property

      Versatile East Point property with commercial and residential potential.
      1789 Washington Rd, East Point, GA 30344
      View Details
    • $222,000
      0.14 Acres

      East Point Craftsman with Potential

      Charming, move-in ready home near Downtown East Point and MARTA.
      1405 Fulton Ave, Atlanta, GA 30344
      View Details
    • $150,000
      Pending

      Charming Atlanta Home For Sale

      Charming 2-bedroom home with rental history in historic East Point.
      1776 Spring Ave, Atlanta, GA 30344
      View Details
    • $150,000
      Pending

      Charming Atlanta Home For Sale

      Charming 2-bedroom home in historic East Point, Atlanta.
      1776 Spring Ave, Atlanta, GA 30344
      View Details
    • $375,000
      0.18 Acres

      Renovated Duplex in Prime Location

      Fully renovated duplex generating immediate income in Atlanta, GA.
      1341 Pine Ave, Atlanta, GA 30344
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Warehouse Near Atlanta Airport

      Multi-tenant office and warehouse buildings in park-like setting.
      3120-3130 South Martin St, East Point, GA 30344
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    • Sponsored
      Contact for pricing

      GA, East Point - North Desert Drive

      Flexible workspace in GA, East Point - North Desert Drive
      3465 Desert Dr, East Point, GA 30344
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      East Point Warehouse with Crane

      Single tenant building with fenced storage and overhead crane.
      3267 Bachelor St, East Point, GA 30344
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    • Contact for pricing
      24,060 SF

      East Point Industrial Warehouse Space

      Four warehouse units available, 2,800-8,343 sq ft.
      1577 Taylor Ave, East Point, GA 30344
      View Details
    • Contact for pricing

      East Point Flex Space Available

      Flex space with office, shop, and outside storage.
      3267 Bachelor St, East Point, GA 30344
      View Details
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    2951 Springdale
    East Point, GA 30344
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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.

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