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

    501 Roberts Dr Riverdale, GA 30274-3050

    • Garden apartment buildings
    • 196 SF
    • 19.90 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2022
    $25,800,000
    Value Estimations
    $18,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1008033
    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

    • Emerald Pointe Apartments / Apartment Complex / Apartment Building
    • The Snack Shack / Restaurant
    • SeaMossya, LLC / Physician
    • MandC Mobile Tires / Auto Repair Shop
    • Mandc Mobile tyres / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 501 Roberts Dr

    Year built
    1972
    Lot size
    19.90 lot acres
    Property size
    196 SF
    Zone code
    C
    Property type
    Garden apartment buildings
    APN
    13-171A- A-002
    APU
    13171AA002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,786,000
      Market price range: $417k - $17.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4045
    Latitude
    33.5655
    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
    2024
    $402,604
    $875,600
    $23,563,366
    $875,600
    -
    $2,189,000
    $58,908,414
    $61,097,414

    Comparable in this City

    • Value Estimation by Request
      176 SF

      8265 Hwy 85

      GARDEN APT, COURT APT (5+ UNITS) • 176 SF
      8265 Hwy 85, Riverdale, GA 30274
      View Details
    • Value Estimation
      $33,255,000
      387 SF

      5758 Hwy 85

      GARDEN APT, COURT APT (5+ UNITS) • 387 SF
      5758 Hwy 85, Riverdale, GA 30274-1410
      View Details
    • Value Estimation by Request
      150 SF

      235 Roberts Dr

      GARDEN APT, COURT APT (5+ UNITS) • 150 SF
      235 Roberts Dr, Riverdale, GA 30274-3344
      View Details
    • Value Estimation
      $13,370,000
      148 SF

      363 Uppr Riverdale SW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 148 SF
      363 Uppr Riverdale SW Rd, Riverdale, GA 30274-2539
      View Details
    • Value Estimation
      $4,875,000
      73 SF

      6428 Church St

      GARDEN APT, COURT APT (5+ UNITS) • 73 SF
      6428 Church St, Riverdale, GA 30274-2046
      View Details
    • Value Estimation by Request
      224 SF

      8050 Taylor Rd

      GARDEN APT, COURT APT (5+ UNITS) • 224 SF
      8050 Taylor Rd, Riverdale, GA 30274-4365
      View Details

    Similar Nearby for Sale

    • $169,900

      Renovated Townhome Near Medical Center

      Completely renovated townhome near Southern Regional Medical Center, no HOA.
      6464 River Park Dr, Riverdale, GA 30274
      View Details
    • Contact for pricing
      1,112 SF

      Freshly Painted Townhome with Patio

      Recently renovated townhome featuring two bedrooms with en-suite bathrooms.
      7109 Brookview Way, Riverdale, GA 30274
      View Details
    • $1,500,000
      7.49 Acres

      Riverdale Development Land Assemblage

      7.49 acres, prime Riverdale location.
      139 And King Rd, Riverdale, GA 30274
      View Details
    • $740,000
      7,200 SF

      Retail Space on Highway 85

      7,200 SF retail space with high visibility and parking.
      6474 Highway 85, Riverdale, GA 30274
      View Details
    • $125,000
      1.06 Acres

      Riverdale Commercial Land - $125K

      Prime 1.06-acre commercial lot, ready for development.
      0 Ga-138, Riverdale, GA 30274
      View Details
    • $275,000
      Pending

      Commercial Land in Riverdale, GA

      3.02 acre commercial lot with high development potential.
      Taylor Rd, Riverdale, GA 30274
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,276 SF

      Move-in Ready 3 Bedroom Condo

      Three-bedroom condo with modern finishes and stainless steel appliances.
      79 Flint River Rd, Riverdale, GA 30274
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space Available For Rent

      Retail space available for rent in Riverdale, Georgia.
      7016-7038 Highway 85, Riverdale, GA 30274
      View Details
    • Contact for pricing

      Medical Office Sublease Opportunity

      Prime medical office space for sublease in Riverdale, Georgia.
      34 Upper Riverdale Rd SW, Riverdale, GA 30274
      View Details
    • $500 /Mo
      2,930 SF

      Professional Office Building on Highway

      Professional office building on Highway 138 in Riverdale, GA.
      136 Highway 138 SW, Riverdale, GA 30274
      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.
    501 Roberts Dr
    Riverdale, GA 30274-3050
    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!