Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3155 Chestnut Dr Atlanta, GA 30340-3205

    • Day care centers
    • 3,450 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2020
    $430,000
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4706486
    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.

    Current Use by Public Records

    • the academy of brillants scholars / School
    • Guardería / School

    Property Details for 3155 Chestnut Dr

    Year built
    1973
    Construction
    WOOD FRAME
    Lot size
    0.60 lot acres
    Property size
    3,450 SF
    Zone code
    R75
    Property type
    Day care centers
    APN
    18 282 13 005
    APU
    1828213005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $435,000
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $511,000
      Market price range: $326k - $863k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $560,000
      Current use
      OFFICE BUILDING
      $515,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2719
    Latitude
    33.8851
    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
    $7,531
    $113,400
    $26,600
    $140,000
    -
    $283,500
    $66,500
    $350,000

    Comparable in this City

    • Value Estimation
      $215,000
      7,371 SF

      2861 Dekalb Dr

      DAY CARE, PRE-SCHOOL • 7,371 SF
      2861 Dekalb Dr, Atlanta, GA 30340-2201
      View Details
    • Value Estimation
      $320,000
      7,440 SF

      3754 Pleasantdale Rd

      DAY CARE, PRE-SCHOOL • 7,440 SF
      3754 Pleasantdale Rd, Doraville, GA 30340-4214
      View Details
    • Value Estimation
      $265,000
      7,334 SF

      3520 Old Chamblee Tucker Rd

      DAY CARE, PRE-SCHOOL • 7,334 SF
      3520 Old Chamblee Tucker Rd, Doraville, GA 30340-4146
      View Details
    • Value Estimation
      $3,790,000
      20,583 SF

      5407 Buford NE Hwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 20,583 SF
      5407 Buford NE Hwy, Doraville, GA 30340-1125
      View Details
    • Value Estimation
      $315,000
      8,706 SF

      3118 Chestnut Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 8,706 SF
      3118 Chestnut Dr, Doraville, GA 30340-3206
      View Details
    • Value Estimation by Request
      20,169 SF

      6690 Buford Hwy

      Specialty properties • 20,169 SF
      6690 Buford Hwy, Doraville, GA 30340
      View Details

    Similar Nearby for Sale

    • $1,550,000
      20,169 SF

      Buford Hwy Church/School - 2 Acres

      Large Church/School, High Visibility, Buford Hwy
      6690 Buford Hwy, Doraville, GA 30340
      View Details
    • Contact for pricing

      Atlanta Specialty Property for Sale

      Specialty property available for purchase in Atlanta, Georgia.
      5455 Buford Hwy, Atlanta, GA 30340
      View Details
    • $4,800,000

      Doraville Development Opportunity Near Marta

      Land for residential and retail development near Doraville Marta station.
      5888 New Peachtree Rd, Atlanta, GA 30340
      View Details
    • Contact for pricing
      216,500 SF

      Doraville Warehouse Space Available

      Up to 60,000 SF available near I-85 and I-285.
      200 Piedmont Ct, Atlanta, GA 30340
      View Details
    • $175,000

      Move-In Ready Gated Apartment

      Apartment in quiet, gated community near highways and transit.
      3665 Chestnut Dr, Atlanta, GA 30340
      View Details
    • New
      $440,000
      1,700 SF

      Leased Duplex in Doraville Location

      Fully leased duplex with long-term tenants and strong cash flow.
      186 Lakes Dr, Atlanta, GA 30340
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,285 SF

      Atlanta Industrial Space For Lease

      Large warehouse, multiple spaces available.
      4164 Northeast Expy, Atlanta, GA 30340
      View Details
    • $396 /Mo
      3,600 SF

      Doraville Retail Space - Buford Hwy

      Prime Retail/Office, 3600 sq ft, 1.5 acres
      5145 Buford Hwy, Doraville, GA 30340
      View Details
    • Contact for pricing
      201 SF

      Distribution End Cap Space Available

      64,000 SF distribution space available for rent.
      7575 Ponce De Leon Cir, Atlanta, GA 30340
      View Details
    • $2 SF/Yr
      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
      4,520 SF

      Industrial Space with Office

      4,520 SF available with 800 SF office space.
      3482 Oakcliff Rd, Doraville, GA 30340
      View Details
    • $1,700 /Mo

      Renovated Atlanta Basement Apartment

      Spacious, renovated basement apartment with modern amenities and convenient location.
      3418 Rose Arbor Ct, 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.
    3155 Chestnut Dr
    Atlanta, GA 30340-3205
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.