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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Warehouses
450 Bishop NW St Atlanta, GA 30318-5038
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1232416
Property summary
AI-generated overview
This exceptional 2.3-acre lot, located at 450 Bishop St NW in Atlanta, Georgia (zip code 30318), presents a rare infill development opportunity in a thriving area. Zoned MR-4A-C, this property offers significant potential for residential construction. Its prime location provides easy access to Atlantic Station, a vibrant hub offering a diverse range of amenities including restaurants, fitness centers, coffee shops, and retail establishments. The site boasts excellent visibility and accessibility, situated just 3 miles from Downtown Atlanta. High traffic counts further enhance its appeal, with 33,000 vehicles passing daily on Northside Drive and 4,320 vehicles daily on Bishop Street. The asking price is $4,750,000. A survey is available upon request. This property is situated in Fulton County and offers investors a unique chance to capitalize on the area's growth and demand. The lot size is approximately 2.25 acres. This is a truly exceptional opportunity for discerning investors seeking a prime location for residential development in one of Atlanta's most desirable neighborhoods.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1942
Construction
WOOD
Total area
50,072 SF
Lot
2.31 ac (100,624 SF)
Zoning code
I2
APN
17 0148 LL0065
UPID
US22-1232416
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Donatenet Association Or Organization
-
Atlanta Best Cabinet Co General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.25M
Owner & transaction history
Seed Shoreland Bishop LLC
Seed Shoreland Bishop LLC
since 2026
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
I2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.56M (Sep 16 2024)
Last sale anchor
$3.56M
Sep 16 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,261
Tax year 2023
Assessed value
$2,332,760
Assessed 2024
Previous assessed
$1,866,200
+25.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$603,760
Assessed improvement
$1,729,000
Land market value
$1,509,400
Improvement market value
$4,322,500
Total market value
$5,831,900
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
50,072 SF
Lot
2.31 ac (100,624 SF)
Zoning code
I2
APN
17 0148 LL0065
UPID
US22-1232416
Jurisdiction
FULTON
Zoning & alternative use
I2 · Atlanta, GA
Zoning I2 · permitted uses
I2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.31 ac
Current owner
From public records · entity-resolved
Seed Shoreland Bishop LLC
Entity
Mailing address
450 BISHOP ST NW STE A, ATLANTA, GA
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$5,500,000
Seed Shoreland Bishop LLC
Bishop Grove LLC
Warranty Deed
$2,500,000 · Bishop Grove
Dec 16, 2024
$3,555,000
Bishop Grove LLC
Legacy Lending LLC
Warranty Deed
—
Jun 4, 2024
—
Legacy Lending LLC
450 Project LLC
Warranty Deed
—
Dec 14, 2023
—
450 Project LLC
—
Deed
related
$340,000 · Brana Partners
Oct 8, 2021
—
The 450 Project LLC
—
Deed
related
$3,000,000 · Legacy Lending
Oct 5, 2020
—
450 Project LLC
—
Deed Of Trust
related
$2,500,000 · Bishop Street Investments LLC
Oct 17, 2019
—
450 Project LLC
—
Deed
related
$1,200,000 · William Peskin
Jun 27, 2006
—
450 Project LLC
Miller,harriet C
Grant Deed
related
—
Jun 26, 2006
—
The 450 Project LLC
Miller,harriet C
Grant Deed
related
—
—
—
450 Project LLC
—
Loan Modification
related
$1,200,000 · William Peskin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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