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    Property profile & analytics

    475 Central Ave Atlanta, GA 30354-1650

    • Office buildings
    • 3,116 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1713449
    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

    • Harvey W Watt & Co / Insurance Agency

    Property Details for 475 Central Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.64 lot acres
    Property size
    3,116 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    14 009500030400
    APU
    14009500030400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $730,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $845,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $790,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $700,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4044
    Latitude
    33.6566
    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
    2023
    $4,244
    $150,360
    $0.00
    $150,360
    -
    $375,900
    $0.00
    $375,900

    Comparable in this City

    • Value Estimation
      $27,395,000
      193,760 SF

      700 Nn Central Ave

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 193,760 SF
      700 Nn Central Ave, Hapeville, GA 30354
      View Details
    • Value Estimation
      $11,715,000
      382,918 SF

      760 Doug Davis Dr

      OFFICE BUILDING (MULTI-STORY) • 382,918 SF
      760 Doug Davis Dr, Hapeville, GA 30354-7206
      View Details
    • Value Estimation
      $6,570,000
      41,579 SF

      4245 International Pkwy

      OFFICE BUILDING (MULTI-STORY) • 41,579 SF
      4245 International Pkwy, Atlanta, GA 30354-3923
      View Details
    • Value Estimation
      $520,000
      6,352 SF

      3689 Un Ave

      OFFICE BUILDING (MULTI-STORY) • 6,352 SF
      3689 Un Ave, Hapeville, GA 30354-1723
      View Details
    • Value Estimation
      $26,160,000
      294,898 SF

      1001 International Blvd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 294,898 SF
      1001 International Blvd, Atlanta, GA 30354-1802
      View Details
    • Value Estimation
      $10,740,000
      73,764 SF

      4244 International Pkwy

      OFFICE BUILDING (MULTI-STORY) • 73,764 SF
      4244 International Pkwy, Atlanta, GA 30354-3906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      335,606 SF

      Hapeville Office Buildings and Land

      Two office buildings and land in revitalizing Hapeville, Georgia.
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      View Details
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      6,064 SF

      3.5 Acre Industrial Site

      3.5 acre industrial site with warehouse and office space.
      240 Waters Rd SW, Atlanta, GA 30354
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    • Contact for pricing
      Pending

      Historic Hapeville Mixed-Use Property

      Versatile property in Hapeville's Historic District, suitable for various uses.
      679 N Central Ave, Hapeville, GA 30354
      View Details
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      Hapeville Commercial Space For Sale

      1792 SF commercial space in historic downtown Hapeville.
      614 King Arnold St, Hapeville, GA 30354
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    • $79,000
      0.18 Acres

      Residential Lot in Hapeville, GA

      Buildable lot in desirable Forrest Hill Park neighborhood.
      437 Oak Dr, Hapeville, GA 30354
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    • $151,060
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      Industrial Land Near Hartsfield-Jackson

      Commercial land in Mountain View Industrial area, Atlanta.
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    Similar Nearby for Lease

    • Contact for pricing

      Atlanta Airport Office Space

      Office space with excellent connections in a busy airport location.
      1000 Hartsfield Center Pkwy, Atlanta, GA 30354
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      One Hartsfield

      Discover many ways to work your way in One Hartsfield
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    • Contact for pricing
      15,040 SF

      Furnished Office Sublease Near Airport

      Fully furnished office space with immediate highway and airport access.
      4370 Old Dixie Rd, Atlanta, GA 30354
      View Details
    • Contact for pricing

      Two Industrial Buildings Near Airport

      Two buildings totaling 142,984 SF near I-75 and I-85.
      3025 Commerce Way, Atlanta, GA 30354
      View Details
    • Contact for pricing
      101,338 SF

      Warehouse/Distribution Near Atlanta Airport

      101,338 SF warehouse/distribution space with great access.
      3625 Southside Industrial Pkwy SE, Atlanta, GA 30354
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Hapeville, Georgia.
      3552 Perkins St, Hapeville, GA 30354
      View Details
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    475 Central Ave
    Atlanta, GA 30354-1650
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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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