4938 Atlanta SE Rd Atlanta, GA 30339-1519
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$1.07M
Range $963k – $1.18M (±10%)
Property ID
US22-1781111
Property summary
AI-generated overview
This exceptional 12,072-square-foot flex/warehouse space is ideally situated in Atlanta, Georgia's Chattahoochee Industrial area, offering convenient access to major transportation arteries. Located at 4938 S Atlanta Rd SE, Suite 600, this single-tenant property boasts a Class B building constructed in 1988 within a larger 57,966 square foot complex. The unit features a desirable 20-foot ceiling height, providing ample vertical space for storage or operational needs. Loading and unloading are facilitated by three dock-high doors and one drive-in ramp, ensuring efficient logistics. The space is equipped with 400 amps of power. While elevators are not present, the layout is designed for efficient material handling. The property is zoned HI and benefits from its proximity to key transportation routes, including I-285 (2 miles) and I-75 (3 miles), providing easy access to the broader Atlanta metropolitan area. This sublease opportunity presents a compelling option for businesses seeking a well-located, functional industrial space. The property is part of a larger one-building complex.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
55,114 SF
Lot
4.31 ac (187,743 SF)
Zoning code
HI
APN
17096200070
UPID
US22-1781111
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
General Contractor Renovation Specialist
-
Waste Management Facility Hazardous Waste Disposal
-
General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.30M
Comparable Approach
Comparable
$10.55M
Blend (final)
Blend
$1.07M
Owner & transaction history
since 2026
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
HI · Atlanta, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.07M
Value range
$963k – $1.18M
±10% around blend
Estimated value / SF
$19 / SF
Confidence
High
8 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
80
$963k
blend $1.07M
$1.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
55,114 SF
Lot area
4.31 ac
Year built
1987
APN
17096200070
Assessed value
$1,619,920
Annual tax
$48,841
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.16M
@ 6.5% CAP return
$10.30M
@ 7% CAP return
$9.57M
4
Sales comparison
Partial preview
Sales approach indication
$10.21M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.9 mi away · 64,232 SF
10.9 mi away · 63,572 SF
11.0 mi away · 47,990 SF
11.1 mi away · 50,360 SF
11.3 mi away · 56,080 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 507 sales
$281
-93%
County 520 sales
$177
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $19/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.73M
Move the market yield to see immediate price impact.
Value / SF
$195
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$676k
$13.51M
$9.65M
$7.51M
$751k
$15.02M
$10.73M
$8.34M
$826k
$16.52M
$11.80M
$9.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$12.90M
10.9 mi · Dec 2025 · $181/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,841
Tax year 2024
Assessed value
$1,619,920
Assessed 2024
Previous assessed
$1,349,360
+20.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$451,452
Assessed improvement
$1,168,468
Land market value
$1,128,630
Improvement market value
$2,921,170
Total market value
$4,049,800
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
NONE
Total area
55,114 SF
Lot
4.31 ac (187,743 SF)
Zoning code
HI
APN
17096200070
UPID
US22-1781111
Jurisdiction
COBB
Zoning & alternative use
HI · Atlanta, GAZoning HI · permitted uses
HI · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
4.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HI
Jurisdiction
Atlanta, GA
Recorded code
HI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HI in Atlanta, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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