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    3115 Marjan Dr Doraville, GA 30340
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    3115 Marjan Dr Doraville, GA 30340

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    • Warehouses
    • 14,130 SF
    • 0.92 lot acres
    For Lease
    View Listing →
    3115 - 3121 Marjan Drive, Doraville, GA 30340 For Lease
    Contact for pricing

    3115 - 3121 Marjan Drive, Doraville, GA 30340

    Located inside the Perimeter with direct access to I-85.

    3115 Marjan Dr, Doraville, GA 30340
    View Listing
    Property ID
    US22-0908923
    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
    $1,660,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3115 Marjan Dr

    Year built
    1969
    Construction
    WOOD FRAME
    Lot size
    0.92 lot acres
    Property size
    14,130 SF
    Zone code
    M
    Property type
    Warehouses
    APN
    18 283 01 102
    APU
    1828301102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,815,000
      ML approach
      $1,690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,650,000
      6.5%
      $1,525,000
      7%
      $1,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,906,000
      Market price range: $1.24M - $2.77M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,750,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Doraville
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2694
    Latitude
    33.8807
    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
    $33,847
    $90,000
    $661,720
    $751,720
    -
    $225,000
    $1,654,300
    $1,879,300

    Comparable in this City

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    • Value Estimation
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      60,300 SF

      3625 Oakcliff Rd

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      3625 Oakcliff Rd, Atlanta, GA 30340-3403
      View Details
    • Value Estimation
      $5,020,000
      76,160 SF

      3420 Oakcliff Rd

      WAREHOUSE, STORAGE • 76,160 SF
      3420 Oakcliff Rd, Atlanta, GA 30340-3010
      View Details
    • Value Estimation
      $2,625,000
      45,210 SF

      2255 Button Gwinnett Dr

      STORAGE YARD, OPEN STORAGE • 45,210 SF
      2255 Button Gwinnett Dr, Atlanta, GA 30340-1569
      View Details
    • Value Estimation
      $3,750,000
      53,815 SF

      3121 Presidential Dr

      WAREHOUSE, STORAGE • 53,815 SF
      3121 Presidential Dr, Doraville, GA 30340-3907
      View Details
    • Value Estimation
      $2,475,000
      42,200 SF

      2450 Pleasantdale Rd

      STORAGE YARD, OPEN STORAGE • 42,200 SF
      2450 Pleasantdale Rd, Atlanta, GA 30340-1562
      View Details

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      97,108 SF

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      Industrial suites available with warehouse and office/showroom space.
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      Clearview Parkway Versatile Commercial Spaces

      Versatile spaces suitable for a variety of businesses.
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      Atlanta Industrial Building with Docks

      Industrial building in Atlanta with office space and multiple docks.
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      24,368 SF

      Industrial Property For Sale Atlanta

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      19,260 SF

      Freestanding Retail Building on Buford

      Highly visible retail building on a premier commercial corridor.
      5145 Buford Hwy NE, Doraville, GA 30340
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    • $428,000
      1,700 SF

      Leased Duplex in Convenient Location

      Fully leased duplex with long-term tenants and strong cash flow.
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    Similar Nearby for Lease

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      51,528 SF

      Atlanta Warehouse Space Available

      51,528 square foot warehouse space for lease in Atlanta.
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      View Details
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      High-Visibility Flex/Retail Space Available

      Compact industrial/retail spaces with excellent connectivity in Doraville, Atlanta.
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      Flex Office Park with Loading

      Flex office park with rear drive-in loading and security.
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      View Details
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      Doraville Warehouse Space Available

      Up to 60,000 SF available near I-85 and I-285.
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      View Details
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      High-Traffic Atlanta Corridor Flex Space

      Industrial flex and retail spaces in high-traffic Atlanta corridor.
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      69,333 SF

      Spacious Warehouse with Ample Parking

      216,636 SF warehouse with 32 docks and 122 parking spaces.
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      View Details
    View Listing
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    Doraville, GA 30340
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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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