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

    3365 Hospital Ave Chamblee, GA 30341-3455

    • Warehouses
    • 36,000 SF
    • 2.55 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2020
    $2,180,700
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1745659
    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

    • Warehouses

    Property Details for 3365 Hospital Ave

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    2.55 lot acres
    Property size
    36,000 SF
    Zone code
    C1
    Property type
    Warehouses
    APN
    18 298 05 034
    APU
    1829805034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,295,000
      ML approach
      $2,280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,742,000
      Market price range: $687k - $3.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chamblee
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2938
    Latitude
    33.8878
    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
    $83,605
    $282,010
    $1,615,590
    $1,897,600
    -
    $705,024
    $4,038,976
    $4,744,000

    Comparable in this City

    • Value Estimation
      $1,780,000
      15,100 SF

      5620 New Peachtree Rd

      WAREHOUSE, STORAGE • 15,100 SF
      5620 New Peachtree Rd, Chamblee, GA 30341
      View Details
    • Value Estimation
      $2,930,000
      25,580 SF

      3400 Malone Dr

      WAREHOUSE, STORAGE • 25,580 SF
      3400 Malone Dr, Atlanta, GA 30341-2725
      View Details
    • Value Estimation
      $7,555,000
      86,148 SF

      1865 Savoy Dr

      MINI-WAREHOUSE, STORAGE • 86,148 SF
      1865 Savoy Dr, Atlanta, GA 30341-1029
      View Details
    • Value Estimation
      $19,950,000
      74,760 SF

      5849 Peachtree Rd

      WAREHOUSE, STORAGE • 74,760 SF
      5849 Peachtree Rd, Atlanta, GA 30341-2354
      View Details
    • Value Estimation
      $4,125,000
      56,547 SF

      3692 Clairmont Rd

      MINI-WAREHOUSE, STORAGE • 56,547 SF
      3692 Clairmont Rd, Atlanta, GA 30341-4933
      View Details
    • Value Estimation
      $1,550,000
      3,854 SF

      3342 Hospital Ave

      WAREHOUSE, STORAGE • 3,854 SF
      3342 Hospital Ave, Atlanta, GA 30341-3420
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,400 SF

      Chamblee Flex Space For Sale

      Flex space in Chamblee with easy access to major highways.
      2337 Perimeter Park Dr, Chamblee, GA 30341
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    • $910,000
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      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
    • $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
    • $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
    • $600,000
      Pending

      Atlanta Multi-Family Modern Home

      Move-in ready home with modern finishes and community amenities.
      3159 Clairebrooke Ave, Atlanta, GA 30341
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      44,539 SF

      Truck Terminal with Secured Storage

      Former cross-dock truck terminal with ample parking and outside storage.
      Chamblee, GA 30341
      View Details
    • Contact for pricing

      Renovated Office Building Near I-285

      Renovated office building in Atlanta's Central Perimeter submarket.
      30 Perimeter Park Dr, Atlanta, GA 30341
      View Details
    • Contact for pricing

      Retail Space Near Chamblee MARTA

      Retail space for lease near Chamblee MARTA Station.
      3311 Hood Ave, Chamblee, GA 30341
      View Details
    • $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
    • $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
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    3365 Hospital Ave
    Chamblee, GA 30341-3455
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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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