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    3915 Murray Ave Powder Springs, GA 30127-2633
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    Property profile & analytics

    3915 Murray Ave Powder Springs, GA 30127-2633

    View on Map
    • Commercial real estate
    • 12,374 SF
    • 1.42 lot acres
    Off-Market
    Last Sale Jun 6, 2022
    Property ID
    US22-1770060
    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
    $2,515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3915 Murray Ave

    Year built
    1985
    Lot size
    1.42 lot acres
    Property size
    12,374 SF
    Property type
    Commercial real estate
    APN
    19090200580
    APU
    19090200580

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,720,000
      6.5%
      $2,515,000
      7%
      $2,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,832,000
      Market price range: $1.23M - $2.83M
      AI Estimate
      $2,205,000
      Market price range: $407k - $2.21M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,950,000
      Current use
      MEDICAL BUILDING
      $3,040,000
      Change: +56% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,645,000
      Change: +36% Conversion: Moderate
      RETAIL STORES
      $2,565,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,465,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,425,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Powder Springs
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6842
    Latitude
    33.8584
    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
    $105,422
    $160,864
    $3,335,720
    $3,496,584
    -
    $402,160
    $8,339,300
    $8,741,460

    Comparable in this City

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    • Value Estimation
      $1,070,000
      1,636 SF

      3989 Flint Hl Rd

      COMMERCIAL (GENERAL) • 1,636 SF
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    • Value Estimation
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      10,000 SF

      3130 Florence Rd

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      3130 Florence Rd, Powder Springs, GA 30127-5385
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    • Value Estimation
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      12,000 SF

      3220 Hopeland Industrial Blvd

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    • Value Estimation by Request
      0.59 Acres

      3850 Siniard St

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      3850 Siniard St, Powder Springs, GA 30127-2740
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    • Value Estimation
      $695,000
      6,000 SF

      4624 Powder Spgs Dallas Rd

      SHOW ROOM, WAREHOUSE • 6,000 SF
      4624 Powder Spgs Dallas Rd, Powder Springs, GA 30127-3901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.22 Acres

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      Residential land available in Powder Springs, Georgia.
      4643 Melody Ct, Powder Springs, GA 30127
      View Details
    • $1,100,000
      Pending

      Powder Springs Development Opportunity

      8.05-acre parcel in Powder Springs, suitable for commercial/industrial developments.
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      Residential Land in Powder Springs

      Nearly 1 acre lot in The Summit at Lost Mountain.
      224 Pindos Pl SW, Powder Springs, GA 30127
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    • $500,000
      1,484 SF

      Downtown Powder Springs Event Location

      Established event location in downtown Powder Springs with indoor/outdoor setup.
      4425 Marietta St, Powder Springs, GA 30127
      View Details
    • $500,000
      0.09 Acres

      Event Location in Downtown Powder

      Established event location in downtown Powder Springs with indoor/outdoor setup.
      4425 Marietta St, Powder Springs, GA 30127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Kroger Anchored Retail Space

      Retail space in Kroger-anchored center at US Hwy 278.
      4400 Hiram Lithia Springs Rd, Powder Springs, GA 30127
      View Details
    • Contact for pricing
      60,480 SF

      Powder Springs Distribution Warehouse

      Distribution warehouse located off I-20 in Powder Springs, GA.
      4775 Innovative Way, Powder Springs, GA 30127
      View Details
    • Contact for pricing
      1,500 SF

      Kroger-Anchored Retail Space Available

      Retail space in Kroger-anchored center with high traffic.
      4400 Brownsville Rd, Powder Springs, GA 30127
      View Details
    • Contact for pricing
      2 SF

      Prime Retail Opportunity West Cobb

      High-visibility retail space in a rapidly growing Atlanta suburb.
      5230 Dallas Hwy, Powder Springs, GA 30127
      View Details
    • Contact for pricing
      1,400 SF

      Retail/Restaurant Space Near Silver Comet

      Second-generation retail and restaurant space with high visibility.
      1050 Richard D Sailors Pkwy, Powder Springs, GA 30127
      View Details
    • $1,200 /Mo
      6,534 SF

      Office Space with Board Room

      Office space featuring a bullpen, bathroom, and board room.
      3849 Oakview Dr SW unit Upstairs Unit/210, Powder Springs, GA 30127
      View Details
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    3915 Murray Ave
    Powder Springs, GA 30127-2633
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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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