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Property profile & analytics
OFF-MARKET
Commercial land
469 Metropolitan SE Pl Atlanta, GA 30316-1601
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0641078
Property summary
AI-generated overview
This exceptional 11,643 square foot lot, located at 469 Metropolitan Pl SE, Atlanta, GA 30316, presents a unique opportunity for development in the vibrant East Atlanta Village. Zoned NC-2, this ±0.267-acre site sits at the intersection of Metropolitan Place and Haas Avenue, offering a peaceful setting while being steps from the area's best restaurants and shops. With a Walk Score of 89 and a Bike Score of 61, this location boasts exceptional walkability and bikeability. Preliminary plans suggest the potential to construct approximately 12 townhomes or a three-story mixed-use building, potentially reaching 19,000 gross square feet. Comparable townhomes in the area are currently selling in the mid $500,000s to $700,000s. The property's APN is 1517703136. This is a rare chance to capitalize on the high demand for housing and commercial space in this thriving DeKalb County neighborhood. The asking price for this remarkable development opportunity is $895,000.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
1,350 SF
Lot
0.29 ac (12,545 SF)
Zoning code
C2
APN
15 177 03 136
UPID
US22-0641078
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
514 Flat Shoals LLC · 6 yrs held
514 Flat Shoals LLC
since 2019
6 recorded transactions
Zoning & alternative use
C2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$340
Tax year 2024
Assessed value
$34,000
Assessed 2024
Previous assessed
$34,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$34,000
Land market value
$85,000
Total market value
$85,000
Applied tax rate
61.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Stories
1
Bathrooms
0
Total area
1,350 SF
Lot
0.29 ac (12,545 SF)
Zoning code
C2
APN
15 177 03 136
UPID
US22-0641078
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Atlanta, GAZoning C2 · permitted uses
C2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Stories
1
Bathrooms
0
Lot
0.29 ac
Current owner
From public records · entity-resolved
514 Flat Shoals LLC
Entity
Free & Clear · 6 yrs held
Mailing address
514 FLT SHLS AVE SE STE B, ATLANTA, GA 30316-2070
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
—
514 Flat Shoals LLC
Fogg Ents LLC
Quit Claim Deed
related
—
Dec 2, 2019
$4,000,000
514 Flat Shoals LLC
Fogg Enterprises LLC
Warranty Deed
—
Mar 22, 2019
—
Fogg Ents LLC
—
Trustees Deed
related
$250,000 · Piedmont Bk
May 28, 2013
$85,000
Fogg Ents LLC
Sanders,alan D
Grant Deed
—
Jun 3, 2009
$130,000
Alan David Sanders
Inman Park Properties INC
Grant Deed
—
—
—
Fogg Ents LLC
—
Deed Of Trust
related
$1,000,000 · Piedmont Bk
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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