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

    3424 Piedmont NE Rd Atlanta, GA 30305-1725

    • Turn key restaurants
    • 3,862 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1725030
    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

    • Chipotle Mexican Grill / Restaurant / Take-out & Catering

    Property Details for 3424 Piedmont NE Rd

    Year built
    2003
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    3,862 SF
    Zone code
    RLC
    Property type
    Turn key restaurants
    APN
    17 006200030634
    APU
    17006200030634

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3743
    Latitude
    33.848
    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
    2023
    $25,862
    $459,320
    $123,160
    $582,480
    -
    $1,148,300
    $307,900
    $1,456,200

    Comparable in this City

    • Value Estimation
      $560,000
      17,902 SF

      103 Paces Fry NW Rd

      RESTAURANT • 17,902 SF
      103 Paces Fry NW Rd, Atlanta, GA 30305-1303
      View Details
    • Value Estimation
      $910,000
      29,325 SF

      265 Pharr NE Rd

      RESTAURANT • 29,325 SF
      265 Pharr NE Rd, Atlanta, GA 30305-2225
      View Details
    • Value Estimation
      $685,000
      16,400 SF

      3402 Piedmont NE Rd

      RESTAURANT • 16,400 SF
      3402 Piedmont NE Rd, Atlanta, GA 30305-1725
      View Details
    • Value Estimation
      $535,000
      11,042 SF

      3102 Piedmont NE Rd

      RESTAURANT • 11,042 SF
      3102 Piedmont NE Rd, Atlanta, GA 30305-2508
      View Details
    • Value Estimation by Request
      2,334 SF

      7 Kings NE Cir

      RESTAURANT • 2,334 SF
      7 Kings NE Cir, Atlanta, GA 30305-4208
      View Details
    • Value Estimation by Request
      8,118 SF

      3018 Maple NE Dr

      RESTAURANT • 8,118 SF
      3018 Maple NE Dr, Atlanta, GA 30305
      View Details

    Similar Nearby for Sale

    • $6,500,000

      Buckhead Village Retail Buildings

      Three retail buildings in Buckhead Village with high visibility.
      3236 East Andrews Dr NW, Atlanta, GA 30305
      View Details
    • $4,500,000
      2,480 SF

      Buckhead Village Retail Opportunity

      Premier retail property in Atlanta's coveted Buckhead Village.
      327 Buckhead Ave NE, Atlanta, GA 30305
      View Details
    • $4,500,000
      0.24 Acres

      Buckhead Retail Opportunity For Sale

      Premier retail property in Atlanta's coveted Buckhead Village.
      327 Buckhead Ave NE, Atlanta, GA 30305
      View Details
    • $6,500,000
      0.30 Acres

      Buckhead Village Retail Trio

      Prime Atlanta retail, 5,250 SF, 3 buildings
      18 Andrews Dr, Atlanta, GA 30305
      View Details
    • Contact for pricing
      0.66 Acres

      Buckhead Mixed-Use Development Site

      Prime Buckhead location, 0.66 acres, redevelopment opportunity.
      405 Pharr Rd, Atlanta, GA 30305
      View Details
    • $4,200,000

      Residential Lots Near Atlanta BeltLine

      Seven residential lots near Atlanta Memorial Park and Bobby Jones Golf.
      2288 Northside Dr Northwest, Atlanta, GA 30305
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Buckhead Retail Space For Lease

      Retail spaces available in premier Buckhead shopping destination.
      2900 Peachtree Rd NW, Atlanta, GA 30305
      View Details
    • $32 SF/Yr
      1,602 SF

      Retail Space in Premier Location

      Retail space available in the heart of Buckhead.
      3280 Peachtree Rd NE, Atlanta, GA 30305
      View Details
    • Contact for pricing

      Buckhead Retail/Office Space Available

      High-profile property in Buckhead Business District with premier signage.
      3242 Peachtree Rd NE, Atlanta, GA 30305
      View Details
    • Contact for pricing

      Retail Anchor Space for Lease

      15,846 SF anchor space in busy regional shopping center.
      3495 Buckhead Loop Northeast, Atlanta, GA 30305
      View Details
    • $1,850 /Mo
      837 SF

      Buckhead Renovated 1-Bedroom Apartment

      Fully renovated 1-bedroom apartment in Buckhead with utilities included.
      2479 Peachtree Rd NE, Atlanta, GA 30305
      View Details
    • Contact for pricing
      4,876 SF

      Piedmont Center Office Sublet Available

      4,876 RSF office sublet with excellent amenities through August 2031.
      3565 Piedmont Rd NE, Atlanta, GA 30305
      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.
    3424 Piedmont NE Rd
    Atlanta, GA 30305-1725
    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.