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    368 Ponce De Leon Ave NE Atlanta, GA 30308

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    368 Ponce De Leon Ave NE Atlanta, GA 30308

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    • Office buildings
    For Sale
    $4,250,000
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    Unique Atlanta Property on Ponce For Sale
    $4,250,000
    8,500 SF

    Unique Atlanta Property on Ponce

    Unique property with potential for various uses in Atlanta.

    368 Ponce De Leon Ave NE, Atlanta, GA 30308
    View Listing
    Property ID
    US22-0238007
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 368 Ponce De Leon Ave NE

    Year built
    1920
    Property type
    Office buildings
    Property subtype
    Mixed-use properties

    Description

    368 Ponce de Leon Avenue is quite a unique property located in the heart of Atlanta, GA in the “Poncey-Highlands and Old Fourth Ward” districts. Built to the standards of the 1920’s, the main house features architectural accents found in stately mansions. Despite falling into disrepair, the property has the potential to once again become a showplace. Various uses could be executive offices, high-end residential, special purpose, religious, school, film location, or otherwise. The property is fully fenced and gated, with excellent privacy. +/-1.07 acre level lot +/- 8,500 s.f. Main House, plus +/-2,100 s.f. secondary building Paved parking for at least 15 cars Skyline views of Atlanta from the top floor Grove Park Apartments Landmark Building Site (LBS) Potential higher density development opportunity

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3753084
    Latitude
    33.7729881

    Comparable in this City

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      Mixed-Use Asset in Midtown Atlanta

      121,915 RSF mixed-use property with office and residential spaces.
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      Unique Midtown Atlanta Property

      Incredible mixed-use property with commercial zoning in Midtown Atlanta.
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      Atlanta Specialty Property For Sale

      Specialty property available for sale in Atlanta, Georgia.
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      Piedmont Avenue Specialty Property

      Specialty property available for sale on Piedmont Avenue.
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      Midtown Condo with Stunning Views

      Spacious, renovated 1-bedroom condo in the heart of Midtown.
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    Similar Nearby for Sale

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      10,000 SF

      Atlanta Historic Landmark on Ponce

      Historical 8-bedroom property near Ponce City Market and Beltline.
      368 Ponce De Leon Ave NE, Atlanta, GA 30308
      View Details
    • Contact for pricing

      Mixed-Use Asset in Midtown Atlanta

      121,915 RSF mixed-use property with office and residential spaces.
      1 Baltimore Pl NW, Atlanta, GA 30308
      View Details
    • $4,250,000

      Unique Midtown Atlanta Property

      Incredible mixed-use property with commercial zoning in Midtown Atlanta.
      368 Ponce De Leon Ave Northeast, Atlanta, GA 30308
      View Details
    • Contact for pricing

      Atlanta Specialty Property For Sale

      Specialty property available for sale in Atlanta, Georgia.
      131 Ponce De Leon Ave, Atlanta, GA 30308
      View Details
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      Piedmont Avenue Specialty Property

      Specialty property available for sale on Piedmont Avenue.
      729 Piedmont Ave NE, Atlanta, GA 30308
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    • $349,000
      1,190 SF

      Midtown Condo with Stunning Views

      Spacious, renovated 1-bedroom condo in the heart of Midtown.
      805 Peachtree St, Atlanta, GA 30308
      View Details

    Similar Nearby for Lease

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      324 SF

      Premier Office Space with Amenities

      Office building featuring conference center, restaurants, fitness center, and parking.
      303 Peachtree St NE, Atlanta, GA 30308
      View Details
    • Contact for pricing

      Former Daycare Near Ponce De Leon

      Freestanding former daycare center near Ponce De Leon Avenue.
      420 Ponce De Leon Ave NE, Atlanta, GA 30308
      View Details
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      Peachtree Street Office Subleases Available

      Office subleases available on Peachtree Street in Atlanta.
      600 Peachtree St NE, Atlanta, GA 30308
      View Details
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      2,684 SF

      Office Space Available For Rent

      Office space available for rent in Atlanta, GA.
      740 West Peachtree St Northwest, Atlanta, GA 30308
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 675 Ponce De Leon.
      675 Ponce De Leon Ave Northeast, Atlanta, GA 30308
      View Details
    • $1,100 /Mo
      9,540 SF

      Piedmont Avenue Boutique Office Suite

      Two-room office suite near Piedmont Park and Midtown MARTA.
      741 Piedmont Ave NE, Atlanta, GA 30308
      View Details
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    Atlanta, GA 30308
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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.

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    368 Ponce De Leon Ave NE, Atlanta, GA, 30308

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