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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Community centers
3200 Northlake NE Pkwy Atlanta, GA 30345-2206
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1261431
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Total area
20,400 SF
Lot
7.18 ac (312,761 SF)
Zoning code
X
APN
18 209 10 052
UPID
US22-1261431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sky Zone Trampoline Park Arcade & Gaming Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
NORTHLAKE ASSOCIATES L P
NORTHLAKE ASSOCIATES L P
Zoning & alternative use
X · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,600,000
6.5%
$4,250,000
7%
$3,945,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,550,000
Current use
COMMERCIAL (GENERAL)
$5,735,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$5,545,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,180,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$4,775,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$4,575,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$130,654
Tax year 2024
Assessed value
$2,616,287
Assessed 2024
Previous assessed
$2,616,287
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$1,258,670
Assessed improvement
$1,357,617
Land market value
$3,146,674
Improvement market value
$3,394,042
Total market value
$6,540,716
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
20,400 SF
Lot
7.18 ac (312,761 SF)
Zoning code
X
APN
18 209 10 052
UPID
US22-1261431
Jurisdiction
DE KALB
Zoning & alternative use
X · Atlanta, GA
Zoning X · permitted uses
X · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.18 ac
Current owner
From public records · entity-resolved
NORTHLAKE ASSOCIATES L P
Individual
Mailing address
400 MALL BLVD STE M, SAVANNAH, GA 31406-4820
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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