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

    46 Cleveland St Mcdonough, GA 30253-3246

    • Auto shops
    • 3,600 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Aug 06, 2024
    $1,005,000
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4552693
    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

    • Southeast Automotive / Transmission Shop / Wheel Alignment Service

    Property Details for 46 Cleveland St

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    0.41 lot acres
    Property size
    3,600 SF
    Zone code
    C1
    Property type
    Auto shops
    APN
    M20-11009001
    APU
    M2011009001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,005,000
      ML approach
      $1,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $712,000
      Market price range: $295k - $1.16M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $740,000
      Current use
      RETAIL STORES
      $830,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $820,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcdonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1419
    Latitude
    33.4464
    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
    $5,398
    $57,160
    $82,840
    $140,000
    -
    $142,900
    $207,100
    $350,000

    Comparable in this City

    • Value Estimation
      $335,000
      11,583 SF

      53 Racetrack Rd

      AUTO REPAIR, GARAGE • 11,583 SF
      53 Racetrack Rd, Mcdonough, GA 30253
      View Details
    • Value Estimation
      $2,065,000
      7,826 SF

      391 Hampton Rd

      AUTO REPAIR, GARAGE • 7,826 SF
      391 Hampton Rd, Mcdonough, GA 30253-6505
      View Details
    • Value Estimation
      $575,000
      38,600 SF

      2205 Hwy 42nd N

      AUTO REPAIR, GARAGE • 38,600 SF
      2205 Hwy 42nd N, Mcdonough, GA 30253-4735
      View Details
    • Value Estimation
      $250,000
      7,000 SF

      3940 Jodeco Rd

      AUTO REPAIR, GARAGE • 7,000 SF
      3940 Jodeco Rd, Mcdonough, GA 30253-5482
      View Details
    • Value Estimation
      $320,000
      10,000 SF

      2210 Commerce Pl, Unit 2218

      AUTO REPAIR, GARAGE • 10,000 SF
      2210 Commerce Pl, Mcdonough, GA 30253-6864
      View Details
    • Value Estimation
      $240,000
      1,004 SF

      401 Griffin St

      AUTO REPAIR, GARAGE • 1,004 SF
      401 Griffin St, Mcdonough, GA 30253-3509
      View Details

    Similar Nearby for Sale

    • New
      $1,900,000
      3,591 SF

      Prime Commercial Property on Highway 20/81

      Former bank branch with high visibility and expansion potential.
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      View Details
    • $1,999,000
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      Versatile Commercial Property on 2 Acres

      High-visibility commercial property suitable for diverse uses and future development.
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      2,500 SF

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      2,500 SF retail space in new McDonough development.
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      View Details
    • $225,000
      1.14 Acres

      Prime McDonough Commercial Land

      1.14 Acres, $225,000
      214 Hampton St, McDonough, GA 30253
      View Details
    • $400,000
      2,054 SF

      McDonough Commercial Building - Great Location

      High-traffic, I-75 access, 2,054 sq ft.
      3540 Jodeco Rd, McDonough, GA 30253
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    • $1,600,000
      2.05 Acres

      McDonough Retail Development Land

      Prime 2.05-acre corner lot, Hwy 20
      1800 Highway 20, McDonough, GA 30253
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,400 SF

      Restaurant Space in Summit Plaza

      Restaurant space for lease with full kitchen and equipment.
      2054 Highway 42 N, McDonough, GA 30253
      View Details
    • $6 SF/Yr
      111,908 SF

      McDonough Big Box Retail Space

      High-visibility retail space, 28,666 SF available.
      1467 Ga-20, McDonough, GA 30253
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    • Contact for pricing
      72,420 SF

      Westridge Retail Center: Prime Space

      Henry County retail space; two suites available.
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      View Details
    • Contact for pricing
      13,150 SF

      McDonough Retail Center - City Square

      Prime McDonough retail space, multiple units available.
      72 City Square Blvd, McDonough, GA 30253
      View Details
    • Contact for pricing

      Kohl's Pad Site For Lease

      Outparcel available for ground lease adjacent to major retailers.
      1570 Highway 20 W, McDonough, GA 30253
      View Details
    • Contact for pricing
      53,742 SF

      McDonough Marketplace Retail Center

      High-traffic retail spaces available in McDonough, GA.
      135 Willow Ln, McDonough, GA 30253
      View Details
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    46 Cleveland St
    Mcdonough, GA 30253-3246
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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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