Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4694 Aviation Pkwy Atlanta, GA 30349
    Back to Search
    Property profile & analytics

    4694 Aviation Pkwy Atlanta, GA 30349

    View on Map
    • Distribution centers
    • 75,188 SF
    • 5.64 lot acres
    For Lease
    $5,050,000
    View Listing →
    Atlanta Warehouse Space Available For Lease
    $5,050,000
    7,627 SF

    Atlanta Warehouse Space Available

    7,627 SF warehouse space for rent in Atlanta.

    4694 Aviation Pkwy, Atlanta, GA
    View Listing
    Property ID
    US22-0337049
    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

    • Blackhawk Construction Services, LLC. / Construction Company
    • United Refrigeration Inc / Big Box & Wholesale Store / Building Supply
    • Greer Trucking / Trucking Company
    • American Worldwide Agencies - AWA / Freight Service / Logistics Company
    • Bmax Tape & Supply Co / Big Box & Wholesale Store

    Property Details for 4694 Aviation Pkwy

    Year built
    1987
    Lot size
    5.64 lot acres
    Property size
    75,188 SF
    Zone code
    HI
    Property type
    Distribution centers
    APN
    13-043C- A-014
    APU
    13043CA014

    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
    Clayton
    State
    Georgia
    Longitude
    -84.4054
    Latitude
    33.6271
    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
    $58,839
    $225,800
    $1,282,440
    $1,508,240
    -
    $564,500
    $3,206,100
    $3,770,600

    Comparable in this City

    • Value Estimation
      $3,550,000
      71,770 SF

      5149 Southridge Pkwy

      DISTRIBUTION WAREHOUSE • 71,770 SF
      5149 Southridge Pkwy, Atlanta, GA 30349-5966
      View Details
    • Value Estimation
      $11,050,000
      168,525 SF

      5176 Pelican Dr

      DISTRIBUTION WAREHOUSE • 168,525 SF
      5176 Pelican Dr, Atlanta, GA 30349-5980
      View Details
    • Value Estimation by Request
      34,992 SF

      470 Plz Dr

      DISTRIBUTION WAREHOUSE • 34,992 SF
      470 Plz Dr, Atlanta, GA 30349-6062
      View Details
    • Value Estimation
      $4,315,000
      57,335 SF

      560 Atlanta S Pkwy

      DISTRIBUTION WAREHOUSE • 57,335 SF
      560 Atlanta S Pkwy, Atlanta, GA 30349-8620
      View Details
    • Value Estimation
      $2,040,000
      27,240 SF

      600 Atlanta S Pkwy

      DISTRIBUTION WAREHOUSE • 27,240 SF
      600 Atlanta S Pkwy, Atlanta, GA 30349-5998
      View Details
    • Value Estimation by Request
      196,000 SF

      City GA Fulton Pkwy & Derrick Rd Un

      Distribution properties • 196,000 SF
      City GA Fulton Pkwy & Derrick Rd Un, South Fulton, GA 30349
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,980 SF

      Leased Auto Repair Investment Opportunity

      Fully leased auto repair/dealership investment opportunity in College Park, GA.
      2319 Godby Rd, Atlanta, GA 30349
      View Details
    • Contact for pricing
      42,380 SF

      South Fulton Warehouse on 6.16 AC

      42,380 SF warehouse near I-85 and I-285 in Atlanta.
      5300 Port Blvd S, Atlanta, GA 30349
      View Details
    • $895,000
      23,822 SF

      Former School Building on 3.75 Acres

      23,822 SF former school on 3.75 acres for sale.
      5545 Stonewall Tell Rd, Atlanta, GA 30349
      View Details
    • Contact for pricing
      23,000 SF

      Adaptable School Building on Large Site

      23,822 SF building on 3.75 acres in South Fulton.
      5545 Stonewall Tell Rd, College Park, GA 30349
      View Details
    • Contact for pricing

      Atlanta Industrial Property For Sale

      125,723 SF industrial property in Atlanta, GA for sale.
      4601 Welcome All Rd SW, Atlanta, GA 30349
      View Details
    • $1,525,000

      South Fulton Land for Sale

      8 acres of land ideal for business or residential development.
      Derrick Rd, Atlanta, GA 30349
      View Details

    Similar Nearby for Lease

    • $159 SF/Yr
      13,360 SF

      Buffington Center Industrial Space

      13,360 SF Multi-Tenant Manufacturing Facility
      3469 Buffington Ctr, Atlanta, GA 30349
      View Details
    • Contact for pricing

      Sublease Opportunity: Large Industrial Space

      Sublease of 1,039,475 SF cross-dock distribution building in Atlanta.
      4505 Derrick Industrial Pkwy, Atlanta, GA 30349
      View Details
    • Contact for pricing

      Airport South Parkway Warehouse Space

      Warehouse space available in Atlanta's Airport South Parkway.
      574 Airport South Pkwy, Atlanta, GA 30349
      View Details
    • Contact for pricing

      Sublease Opportunity: Atlanta Distribution Center

      1,039,475 SF distribution center available for sublease in Atlanta.
      4505 Derrick Industrial Pkwy, Atlanta, GA 30349
      View Details
    • $7 SF/Yr
      725,000 SF

      Fulton Parkway Warehouse Space

      253,300 SF warehouse space with ample parking available for lease.
      4300 South Fulton Pkwy, Atlanta, GA 30349
      View Details
    • Contact for pricing
      243,540 SF

      Industrial Warehouse Space Near I-85

      243,540 SF industrial space with convenient highway access.
      3725 Royal South Pkwy, Atlanta, GA 30349
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4694 Aviation Pkwy
    Atlanta, GA 30349
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4694 Aviation Pkwy, Atlanta, GA, 30349
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!