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    490 Fairburn SW Rd Atlanta, GA 30331-8650
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    490 Fairburn SW Rd Atlanta, GA 30331-8650

    View on Map
    • Grocery and convenience stores
    • 4,040 SF
    • 1.27 lot acres
    Off-Market
    Property ID
    US22-1633255
    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
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlanta's Best Wings / Restaurant
    • ATM / Atm
    • ATM (ATM Link, Inc.) / Atm
    • Krushed Goods ATL / Clothing & Fashion Store

    Property Details for 490 Fairburn SW Rd

    Year built
    1990
    Lot size
    1.27 lot acres
    Property size
    4,040 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    14F0012 LL0259
    APU
    14F0012LL0259

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $382,000
      Market price range: $284k - $547k

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.5099
    Latitude
    33.7409
    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
    $18,696
    $304,800
    $146,800
    $451,600
    -
    $762,000
    $367,000
    $1,129,000

    Comparable in this City

    • Value Estimation
      $7,220,000
      67,346 SF

      5829 Campbellton SW Rd

      GROCERY, SUPERMARKET • 67,346 SF
      5829 Campbellton SW Rd, Atlanta, GA 30331-8037
      View Details
    • Value Estimation
      $1,025,000
      2,736 SF

      3580 Cascade SW Rd

      CONVENIENCE STORE • 2,736 SF
      3580 Cascade SW Rd, Atlanta, GA 30331-2104
      View Details
    • Value Estimation by Request
      2,240 SF

      3580 Campbellton SW Rd

      CONVENIENCE STORE • 2,240 SF
      3580 Campbellton SW Rd, Atlanta, GA 30331-5218
      View Details
    • Value Estimation by Request
      880 SF

      3550 Campbellton SW Rd

      CONVENIENCE STORE • 880 SF
      3550 Campbellton SW Rd, Atlanta, GA 30331-5218
      View Details
    • Value Estimation by Request
      1,965 SF

      3750 Campbellton SW Rd

      CONVENIENCE STORE • 1,965 SF
      3750 Campbellton SW Rd, Atlanta, GA 30331-5222
      View Details
    • Value Estimation
      $540,000
      4,348 SF

      3515 Cascade SW Rd

      CONVENIENCE STORE • 4,348 SF
      3515 Cascade SW Rd, Atlanta, GA 30331-2103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Campbellton Road Commercial Development Opportunity

      Commercial property for sale with development potential in Southwest Atlanta.
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    • $299,000
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      Residential Land in Atlanta

      3.45-acre residential corner parcel in Atlanta, zoned R-4.
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      Prime Land Lot in Atlanta

      Centrally located land lot near highways, restaurants, and shopping.
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      2841 Greenbriar Pkwy SW, Atlanta, GA 30331

      Commercial land
      2841 Greenbriar Pkwy SW, Atlanta, GA 30331
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    • $324,900
      1,198 SF

      Professional Office Condo for Sale

      Office condo in Cascade Road Business District, Atlanta.
      920 Dannon Vw, Atlanta, GA 30331
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    • $222,000
      2.20 Acres

      Developing Atlanta Land with Suite

      2.2-acre parcel with suite in developing South Fulton corridor.
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    Similar Nearby for Lease

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      196,283 SF

      Camp Creek Marketplace II Retail Spaces

      High-traffic retail spaces available in Southwest Atlanta.
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      Atlanta Power Center Retail Space

      Retail and restaurant spaces available in Atlanta's Southwest market.
      3670 Camp Creek Pkwy, Atlanta, GA 30331
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      Retail Space Available For Lease

      Retail space for lease in Atlanta, Georgia.
      2841 Greenbriar Pkwy SW, Atlanta, GA 30331
      View Details
    • Contact for pricing

      Atlanta Retail Outparcels For Lease

      Outparcels available near Hartsfield Jackson Atlanta International Airport.
      Greenbriar Pkwy SW, Atlanta, GA 30331
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      Retail Space in Grocery Anchored Center

      High-traffic retail space in a Publix-anchored shopping center.
      3730 Carmia Dr SW, Atlanta, GA 30331
      View Details
    • Contact for pricing

      Publix Anchored Retail Center

      Highly visible retail center near I-285 and Cascade Road.
      3695 Cascade Rd SW, Atlanta, GA 30331
      View Details
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    490 Fairburn SW Rd
    Atlanta, GA 30331-8650
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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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