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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3224 Shallowford NE Rd Chamblee, GA 30341-3663

    • Investment properties
    • 1,384 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    7%
    Investment properties
    Location Intelligence
    Property ID
    US22-0679278
    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

    • Investment properties

    Property Details for 3224 Shallowford NE Rd

    Year built
    1957
    Lot size
    0.26 lot acres
    Property size
    1,384 SF
    Zone code
    OI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    18 281 02 049
    APU
    1828102049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $280,000
      6.5%
      $260,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $212,000
      Market price range: $151k - $477k
      AI Estimate
      $144,000
      Market price range: $103k - $321k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $310,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $375,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $375,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $350,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $310,000
      Change: +0% Conversion: Easy
      WAREHOUSE, STORAGE
      $250,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chamblee
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.286
    Latitude
    33.882
    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
    $2,585
    $33,519
    $17,321
    $50,840
    -
    $83,798
    $43,302
    $127,100

    Comparable in this City

    • Value Estimation
      $720,000
      397,956 SF

      5211 Peachtree Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 397,956 SF
      5211 Peachtree Blvd, Atlanta, GA 30341-3165
      View Details
    • Value Estimation
      $830,000
      356,268 SF

      5255 Peachtree Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 356,268 SF
      5255 Peachtree Blvd, Chamblee, GA 30341-3195
      View Details
    • Value Estimation
      $280,000
      1,230 SF

      3920 Clairmont Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,230 SF
      3920 Clairmont Rd, Atlanta, GA 30341-4939
      View Details
    • Value Estimation
      $1,025,000
      77,048 SF

      2960 Flowers S Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 77,048 SF
      2960 Flowers S Rd, Atlanta, GA 30341-5512
      View Details
    • Value Estimation
      $360,000
      1,408 SF

      3235 Shallowford NE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,408 SF
      3235 Shallowford NE Rd, Atlanta, GA 30341-3632
      View Details
    • Value Estimation
      $295,000
      1,417 SF

      2531 Chamblee Tucker Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,417 SF
      2531 Chamblee Tucker Rd, Atlanta, GA 30341-3515
      View Details

    Similar Nearby for Sale

    • $3,100,000
      14,612 SF

      Chamblee Redevelopment Opportunity

      Prime Peachtree Blvd. location, high visibility.
      4829 Peachtree Blvd, Atlanta, GA 30341
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    • $6,299,000
      29,106 SF

      Chamblee Industrial Flex Building

      Prime Atlanta location, versatile space, recent upgrades.
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    • $910,000
      2.60 Acres

      Grand Island Commercial Land Opportunity

      2.6-Acre Lot, Multi-Use Potential
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    • $329,900

      Remodeled Condo in Historic Chamblee

      Updated 2 bed, 2 bath unit with modern amenities.
      5300 Peachtree Rd, Atlanta, GA 30341
      View Details
    • New
      $250,000
      1.99 Acres

      Prime Land Development Opportunity

      Two adjacent lots totaling 1.99 acres in desirable location.
      2995 Henderson Mill Rd, Chamblee, GA 30341
      View Details
    • $649,900
      0.57 Acres

      Chamblee Land For Sale

      Vacant land in high-demand corridor with easy access to amenities.
      3195 Chamblee Dunwoody Rd, Chamblee, GA 30341
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      8,300 SF

      Chamblee Office Space Available

      Office suites available for lease in Chamblee, Georgia.
      3720 Longview Dr, Chamblee, GA 30341
      View Details
    • Contact for pricing
      20,000 SF

      Chamblee Distribution Center - 20,000 SF

      Prime DeKalb County industrial space. Available now.
      3683 Peachtree Rd, Chamblee, GA 30341
      View Details
    • $22 SF/Yr
      46,112 SF

      Savoy Medical Center: Atlanta Office Space

      Modern Medical Office Suites in Prime Location
      1835 Savoy Dr, Atlanta, GA 30341
      View Details
    • Contact for pricing
      192,784 SF

      Chamblee Village Medical Office Space

      Walmart-anchored medical office suites available.
      1871 Chamblee Tucker Rd, Chamblee, GA 30341
      View Details
    • Contact for pricing

      Retail/Restaurant Space with Student Lofts

      Retail/restaurant space with 124 student lofts in Atlanta.
      2960 Flowers Rd South, Atlanta, GA 30341
      View Details
    • Contact for pricing

      Retail Space Near I-285

      Retail space available near I-285 and Chamblee Tucker Road.
      3541 Chamblee Tucker Rd, Atlanta, GA 30341
      View Details
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    Chamblee, GA 30341-3663
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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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