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Property profile & analytics
FOR LEASE
Amusement parks
500 Interchange Dr SW Atlanta, GA 30336
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1782353
For Lease
$2,940,000
500 Interchange Dr SW, Atlanta, GA 30336
View Listing →
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1967
Total area
82,992 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M2
APN
14F0052 LL0938
UPID
US22-1782353
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mas-Help, Inc. Discount Store
-
Heritage Foods Production Facility Feed Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
500 Interchange Drive LLC · 3 yrs held
500 Interchange Drive LLC
since 2023
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
M2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,710,000
ML approach
$2,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $3.22M (May 22 2023)
Last sale anchor
$3.22M
May 22 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,971
Tax year 2023
Assessed value
$743,000
Assessed 2023
Previous assessed
$743,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$189,000
Assessed improvement
$554,000
Land market value
$472,500
Improvement market value
$1,385,000
Total market value
$1,857,500
Applied tax rate
70.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Amusement parks
Use group
AMUSEMENT PARK
Status
For Lease
Year built
1967
Heating
NONE
Stories
1
Total area
82,992 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M2
APN
14F0052 LL0938
UPID
US22-1782353
Jurisdiction
FULTON
Zoning & alternative use
M2 · Atlanta, GA
Zoning M2 · permitted uses
M2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
500 Interchange Drive LLC
Entity
Mailing address
1600 NW 16TH AVE, MIAMI, FL 33125
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$3,224,000
500 Interchange Drive LLC
Interchange Associates Fulton LLC
Warranty Deed
$2,224,000 · Interchange Associates Fulton
Jan 25, 2013
—
Portfolio Properties LLC
Portfolio Properties II LLC
Quit Claim Deed
related
—
Jun 2, 2006
$775,000
Interchange Assocs Fulton LLC
Interchange Warehouse
Grant Deed
—
Jun 1, 2006
$775,000
Interchange Assoc Fulton LLC
Interchange,warehouse L P
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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