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    3056 Main St Atlanta, GA 30344
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    3056 Main St, Atlanta, GA 30344

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    • Manufacturing properties
    • 2.81 lot acres
    Off-Market
    Property ID
    US22-0980661
    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

    • Manufacturing properties

    Property Details for 3056 Main St

    Lot size
    2.81 lot acres
    Property type
    Manufacturing properties

    Description

    This exceptional 2.81-acre parcel of land, located at 3056 Main St, Atlanta, GA 30344 in Fulton County, presents a compelling investment opportunity in the thriving Atlanta market. Zoned for heavy industrial use, this property is ideal for a variety of businesses requiring significant space and heavy-duty infrastructure. The asking price is $1,200,000, translating to approximately $347,000 per acre. The property boasts a projected capitalization rate of 14.58% and a projected net operating income (NOI) of $175,000. Currently configured as a laydown yard with ample truck parking, the site is graded but not graveled. The property's heavy industrial zoning allows for a wide range of uses, making it suitable for businesses needing substantial space and access for large vehicles. Its strategic location in Atlanta offers excellent access to major transportation arteries, further enhancing its appeal to potential buyers. This is a rare opportunity to acquire a significant land holding in a prime industrial area with strong projected returns. The property's size and zoning make it a highly desirable asset for investors seeking substantial returns in the Atlanta industrial real estate market. Serious inquiries are encouraged.

    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
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.44101705607
    Latitude
    33.67185466448

    Comparable in this City

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      Three Buildable Lots Near Airport

      Three residential lots totaling 0.919 acres near Atlanta Airport.
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      Residential Lot in East Point

      0.189-acre residential lot ready for development in East Point, GA.
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    Similar Nearby for Sale

    • $1,335,600

      Retail-Warehouse Building on Church Street

      7,406 SF retail-warehouse building centrally located in East Point.
      2834 Church St, Atlanta, GA 30344
      View Details
    • Contact for pricing
      39,041 SF

      East Point Flex/Industrial Property

      Flex/industrial property with high power capacity and easy access.
      1130 Oakleigh Dr, East Point, GA 30344
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    • $1,500,000

      Four Warehouse Buildings with Lot

      Four warehouse buildings with side lot in East Point, GA.
      1577 East Taylor Ave, East Point, GA 30344
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    • $699,000
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      East Point Commercial Land - $699K

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    • $35,000
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      East Point Buildable Residential Lots

      Three adjacent residential lots near Atlanta Airport, totaling 0.919 acres.
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      Development Opportunity Near East Point

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    Similar Nearby for Lease

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      24,060 SF

      East Point Industrial Warehouse Space

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      East Point Flex Space Available

      Flex space with office, shop, and outside storage.
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    • $5 SF/Yr

      East Point Warehouse Sublease Available

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      52,162 SF

      Freestanding Industrial Building Near Airport

      52,162 SF industrial building with loading and storage.
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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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    3056 Main St
    Atlanta, 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.

    More about this property
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