547 Ponce De Leon Ave NE Atlanta, GA 30308
Property profile & analytics
547 Ponce De Leon Ave NE Atlanta, GA 30308
- Office buildings
- 5,250 SF
- 0.47 lot acres
Property ID
US22-1589712
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.
Location Intelligence
Current Use by Public Records
- Crowe Chris M PhD / Physician / Medical Clinic
- Mediated Resolutions, LLC / Law Firm
- Tillman & Associates, Attorneys At Law / Law Firm
- Laba Jessica A MD / Physician / Medical Clinic
- Mathis Sharon PHD / Physician / Medical Clinic
Property Details for 547 Ponce De Leon Ave NE
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Property size
- 5,250 SF
- Zone code
- C2
- Property type
- Office buildings
- APN
- 14 004800120555
- APU
- 14004800120555
Description
This exceptional 5,250 square foot executive office building, situated on a 0.471-acre lot at 547 Ponce De Leon Avenue NE in Atlanta, Georgia, presents a compelling investment opportunity. Built in 1950 and renovated in 2006, the two-story brick structure boasts 22 gated surface parking spaces – a rare find in this vibrant location. The property's current configuration includes a first floor with a meeting room, conference room, four offices, two restrooms, a breakroom, and a lobby; and a second floor featuring five offices, a breakroom, two meeting rooms, a conference room, two bathrooms, and a file room. Flooring is a mix of hardwood, carpet, and tile. Recent improvements include roof and HVAC upgrades. The building is classified as a Class C investment property. However, its prime location, a block from Ponce City Market and the BeltLine, offers significant redevelopment potential. Options include utilizing the existing building, demolishing for new construction at the current level, or excavating to the Ponce level. A completed geotechnical exploration indicates minimal resistance for foundation construction down to at least 14-59 feet. The surrounding area's thriving business and entertainment scene, along with record-breaking rental rates, supports various development scenarios, including a boutique hotel (up to five stories) or a mixed-use development of private residences and leased units. The asking price is $3,000,000. This property offers a unique blend of immediate income potential and substantial long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,580,000
- ML approach
- $1,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,250,000
- 6.5%
- $1,155,000
- 7%
- $1,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,783,000
Market price range: $619k - $2.13M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,230,000 Current use
- COMMERCIAL (GENERAL)
- $1,475,000 Change: +20% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,430,000 Change: +16% Conversion: Difficult
- MEDICAL BUILDING
- $1,425,000 Change: +16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,335,000 Change: +8% Conversion: Difficult
- RETAIL STORES
- $1,180,000 Change: -4% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,170,000 Change: -5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3691
- Latitude
- 33.7732
- 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
$417,680
$207,600
$625,280
-
$1,044,200
$519,000
$1,563,200
