Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Bishop NW St Atlanta, GA 30318-4366

    • Office buildings
    • 19,380 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $4,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1464804
    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

    • Kelsey Edwards Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • STK Property Group / Real Estate Agency
    • 360 Collaborative Space / Hotel & Motel / Resort
    • BAA Mechanical Engineers Inc / Engineering Consultant
    • Gotham Sound Atlanta / Tech Support Center / Rental Equipment Company

    Property Details for 500 Bishop NW St

    Year built
    1925
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    19,380 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    17 0148 LL0313
    APU
    170148LL0313

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,615,000
      6.5%
      $4,260,000
      7%
      $3,955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,941,000
      Market price range: $1.03M - $3.70M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,480,000
      COMMERCIAL (GENERAL)
      $6,085,000
      INDUSTRIAL (GENERAL)
      $6,050,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4041
    Latitude
    33.792
    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
    $0.00
    $476,080
    $863,200
    $1,339,280
    -
    $1,190,200
    $2,158,000
    $3,348,200

    Comparable in this City

    • Value Estimation by Request
      215,206 SF

      1050 Techwood NW Dr

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 215,206 SF
      1050 Techwood NW Dr, Atlanta, GA 30318-5604
      View Details
    • Value Estimation
      $3,120,000
      5,480 SF

      1710 Defoor NW Ave

      OFFICE BUILDING (MULTI-STORY) • 5,480 SF
      1710 Defoor NW Ave, Atlanta, GA 30318-7530
      View Details
    • Value Estimation
      $2,440,000
      17,621 SF

      2030 Main NW St

      OFFICE BUILDING (MULTI-STORY) • 17,621 SF
      2030 Main NW St, Atlanta, GA 30318-1876
      View Details
    • Value Estimation
      $1,000,000
      2,633 SF

      887 Marietta NW St

      OFFICE BUILDING (MULTI-STORY) • 2,633 SF
      887 Marietta NW St, Atlanta, GA 30318-5252
      View Details
    • Value Estimation
      $4,020,000
      7,452 SF

      739 Trabert NW Ave

      OFFICE BUILDING (MULTI-STORY) • 7,452 SF
      739 Trabert NW Ave, Atlanta, GA 30318-4241
      View Details
    • Value Estimation
      $8,340,000
      38,768 SF

      2282 Defoor Hls NW Rd

      OFFICE BUILDING (MULTI-STORY) • 38,768 SF
      2282 Defoor Hls NW Rd, Atlanta, GA 30318-2200
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multi-Tenant Brick Building For Sale

      Multi-tenant brick building near Joseph E Lowery Blvd.
      976 Jefferson St, Atlanta, GA 30318
      View Details
    • Contact for pricing
      28,874 SF

      Multi-Tenant Brick Office Building

      28,874 SF multi-tenant office building for sale.
      976 Jefferson St NW, Atlanta, GA 30318
      View Details
    • $1,900,000

      Midtown Office Building For Sale

      Two-story office building with high visibility and ample parking.
      360 14Th St NW, Atlanta, GA 30318
      View Details
    • Contact for pricing
      5,125 SF

      Atlanta Medical Office For Sale

      Single tenant medical office building 100% leased through 2036.
      1940 Moores Mill Rd NW, Atlanta, GA 30318
      View Details
    • $440,000
      961 SF

      Office/Live-Work Space For Sale

      961± SF Office/Live-Work space available for purchase.
      1440 Woodmont Ln NW, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wired Campus with Lab Infrastructure

      Sublease opportunity: fully wired campus with lab infrastructure.
      8th Spring St, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Office Building Near Top Golf

      Office building for rent in the Upper Westside area.
      1280 Chattahoochee Ave NW, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Westside Atlanta Loft Office Building

      11,500 SF loft office building in Westside Atlanta.
      1431 Woodmont Ln NW, Atlanta, GA 30318
      View Details
    • $4,500 /Mo
      27,530 SF

      Versatile Commercial Space in Atlanta

      Commercial space suitable for office, retail, or restaurant use.
      2346 Bolton Rd, Atlanta, GA 30318
      View Details
    • $26 SF/Yr
      256,000 SF

      King Plow Arts Center Office Space

      Atlanta Creative Office Suites Available
      887 Marietta St, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Loft Office Space Available

      Loft office with private offices, kitchen, lounge, and parking.
      500 Bishop St NW, Atlanta, GA 30318
      View Details
    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.
    500 Bishop NW St
    Atlanta, GA 30318-4366
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!