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

    3533 Main St College Park, GA 30337-2620

    • Garden apartment buildings
    • 8,060 SF
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2023
    $1,240,000
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    7.4%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US22-0204217
    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

    • Garden apartment buildings

    Property Details for 3533 Main St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property size
    8,060 SF
    Zone code
    R3
    Property type
    Garden apartment buildings
    APN
    14 016200210083
    APU
    14016200210083

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,195,000
      ML approach
      $1,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,480,000
      6.5%
      $1,370,000
      7%
      $1,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,813,000
      Market price range: $1.19M - $2.48M
      AI Estimate
      $1,424,000
      Market price range: $846k - $1.70M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,555,000
      Current use
      OFFICE BUILDING
      $1,885,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $1,810,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4486
    Latitude
    33.659
    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
    $10,081
    $102,960
    $254,200
    $357,160
    -
    $257,400
    $635,500
    $892,900

    Comparable in this City

    • Value Estimation
      $315,000
      1,750 SF

      2018 John Wesley Ave

      GARDEN APT, COURT APT (5+ UNITS) • 1,750 SF
      2018 John Wesley Ave, Atlanta, GA 30337-3445
      View Details
    • Value Estimation
      $725,000
      5,200 SF

      1558 Harvard Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,200 SF
      1558 Harvard Ave, College Park, GA 30337-2959
      View Details
    • Value Estimation
      $590,000
      3,500 SF

      1592 Harvard Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,500 SF
      1592 Harvard Ave, College Park, GA 30337-2918
      View Details
    • Value Estimation
      $495,000
      3,362 SF

      3272 College St

      GARDEN APT, COURT APT (5+ UNITS) • 3,362 SF
      3272 College St, College Park, GA 30337-1132
      View Details
    • Value Estimation
      $495,000
      2,868 SF

      3412 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 2,868 SF
      3412 Main St, College Park, GA 30337-2035
      View Details
    • Value Estimation
      $1,475,000
      26,946 SF

      2615 Roosevelt Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 26,946 SF
      2615 Roosevelt Hwy, College Park, GA 30337-6236
      View Details

    Similar Nearby for Sale

    • $2,550,000

      Renovated Apartment Complex Near Airport

      20-unit apartment building fully renovated in 2023, prime location.
      3586 Jackson St, College Park, GA 30337
      View Details
    • $129,900
      0.39 Acres

      College Park Residential Land - $129,900

      Build Your Dream Home in College Park!
      1590 Princeton Ave, College Park, GA 30337
      View Details
    • $2,000,000
      6,580 SF

      Main Street Commercial Building

      Commercial building with multiple lease spaces and parking.
      3737 Main St, College Park, GA 30337
      View Details
    • $85,000
      0.69 Acres

      Residential Land in College Park

      Large R! lot ready for your dream home.
      W Lyle Rd, College Park, GA 30337
      View Details
    • $1,900,000
      6,827 SF

      Historic College Park Retail Center

      Prime Downtown Retail Investment, 3 Units
      3699 Main St, College Park, GA 30337
      View Details
    • $1,199,000

      College Park Land For Sale

      3.5-acre site in College Park, ideal for industrial development.
      2723 Roosevelt Hwy, College Park, GA 30337
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,497 SF

      Roosevelt Office Park Suites Available

      Modern Office Suites, College Park, GA
      2523 Roosevelt Hwy, College Park, GA 30337
      View Details
    • $7 SF/Yr
      137,165 SF

      College Park Warehouse - 137,165 SF

      Prime Airport Distribution Center, 78,962 SF Available
      2011 Sullivan Rd, College Park, GA 30337
      View Details
    • $3,800 /Mo
      7,376 SF

      Downtown College Park Office Space

      Commercial office space in downtown College Park, available immediately.
      3755 Main St, College Park, GA 30337
      View Details
    • $1,200 /Mo
      133,136 SF

      Aerotropolis Center Commercial Space

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Office 107, College Park, GA 30337
      View Details
    • $22 SF/Yr
      93,084 SF

      Waterstone Office Suites, Atlanta

      College Park office space: flexible sizes.
      4751 Best Rd, Atlanta, GA 30337
      View Details
    • $1,500 /Mo
      133,136 SF

      Aerotropolis Commercial Space for Rent

      Premier commercial space designed for entrepreneurs and small business owners.
      2077 Office 108, College Park, GA 30337
      View Details
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    3533 Main St
    College Park, GA 30337-2620
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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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