Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3134 Chestnut Dr Atlanta, GA 30340-3206
    Back to Search
    Property profile & analytics

    3134 Chestnut Dr, Atlanta, GA 30340-3206

    View on Map
    • Warehouses
    • 2,490 SF
    • 5.44 lot acres
    Off-Market
    Last Sale Aug 30, 2024
    $12,550,000
    Property ID
    US22-0167001
    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
    $12,550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chestnut Self Storage / Storage Facility
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 3134 Chestnut Dr

    Year built
    1973
    Lot size
    5.44 lot acres
    Zone code
    M
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    18 282 01 062
    APU
    1828201062

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2024 $12,550,000 Wpc H 3134 Chestnut Drive Storage L Doraville Properties LLC Warranty Deed —
    — — Doraville Properties LLC — Loan Modification · related $1.8M · Iberiabank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,550,000
      ML approach
      $12,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2721
    Latitude
    33.8834
    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
    $175,047
    $364,000
    $3,516,000
    $3,880,000
    -
    $910,000
    $8,790,000
    $9,700,000

    Comparable in this City

    • Value Estimation
      $845,000
      7,880 SF

      3679 Mcelroy Rd

      MINI-WAREHOUSE, STORAGE
      3679 Mcelroy Rd, Atlanta, GA 30340-2239
      View Details
    • Value Estimation by Request
      3,200 SF

      3751 Longmire Way

      MINI-WAREHOUSE, STORAGE
      3751 Longmire Way, Atlanta, GA 30340-1208
      View Details
    • Value Estimation
      $14,625,000
      153,560 SF

      4300 Pleasantdale Rd

      MINI-WAREHOUSE, STORAGE
      4300 Pleasantdale Rd, Atlanta, GA 30340-3526
      View Details
    • Value Estimation
      $1,325,000
      12,960 SF

      2378 Lk Dr

      MINI-WAREHOUSE, STORAGE
      2378 Lk Dr, Atlanta, GA 30340
      View Details
    • Value Estimation
      $1,575,000
      15,286 SF

      3810 Pleasantdale Rd

      MINI-WAREHOUSE, STORAGE
      3810 Pleasantdale Rd, Atlanta, GA 30340-4206
      View Details
    • Value Estimation by Request
      2,016 SF

      3785 King Ave

      MINI-WAREHOUSE, STORAGE
      3785 King Ave, Atlanta, GA 30340
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Clearview Parkway Versatile Commercial Spaces

      Versatile spaces suitable for a variety of businesses.
      3591 Clearview Pkwy, Doraville, GA 30340
      View Details
    • $2,730,000
      17,050 SF

      Atlanta Industrial Building with Docks

      Industrial building in Atlanta with office space and multiple docks.
      3160 Marjan Dr, Atlanta, GA 30340
      View Details
    • Contact for pricing
      24,368 SF

      Industrial Property For Sale Atlanta

      24,368 SqFt industrial property available in Atlanta, Georgia.
      3595 Mccall Pl, Atlanta, GA 30340
      View Details
    • Contact for pricing

      Doraville Flex Space Opportunity

      Versatile spaces suitable for a variety of businesses.
      3591 Clearview Pkwy, Doraville, GA 30340
      View Details
    • Contact for pricing
      19,260 SF

      Freestanding Retail Building on Buford

      Highly visible retail building on a premier commercial corridor.
      5145 Buford Hwy NE, Doraville, GA 30340
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Office Park with Loading

      Flex office park with rear drive-in loading and security.
      3772 Pleasantdale Rd, Atlanta, GA 30340
      View Details
    • Contact for pricing
      45,000 SF

      Doraville Warehouse Space Available

      Up to 60,000 SF available near I-85 and I-285.
      200 Piedmont Ct, Doraville, GA 30340
      View Details
    • Contact for pricing

      High-Traffic Atlanta Corridor Flex Space

      Industrial flex and retail spaces in high-traffic Atlanta corridor.
      5891 New Peachtree Rd, Atlanta, GA 30340
      View Details
    • Contact for pricing
      69,333 SF

      Spacious Warehouse with Ample Parking

      216,636 SF warehouse with 32 docks and 122 parking spaces.
      6875 Best Friend Rd, Atlanta, GA 30340
      View Details
    • Contact for pricing

      High-Visibility Flex/Retail Space Available

      Compact industrial/retail spaces with excellent connectivity in Doraville, Atlanta.
      5891 New Peachtree Rd, Atlanta, GA 30340
      View Details
    • Contact for pricing
      51,528 SF

      Atlanta Warehouse Space Available

      51,528 square foot warehouse space for lease in Atlanta.
      2624 Weaver Way, Atlanta, GA 30340
      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.
    3134 Chestnut Dr
    Atlanta, GA 30340-3206
    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

    Thank You for Inquiry
    3134 Chestnut Dr, Atlanta, GA, 30340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!