Sign Up Successful!
You now have access to more from Realmo!
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

    590 Central Ave Hapeville, GA 30354-1648

    • Banks
    • 10,326 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2025
    $2,360,000
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0040504
    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

    • Banks

    Property Details for 590 Central Ave

    Year built
    1958
    Lot size
    0.92 lot acres
    Property size
    10,326 SF
    Zone code
    C1
    Property type
    Banks
    APN
    14 009800200489
    APU
    14009800200489

    Description

    This exceptional 11,328-square-foot retail building, located at 590 South Central Avenue in Hapeville, Georgia, presents a unique investment opportunity. Situated on a 1.75-acre lot, this Class B property boasts a prime location and is zoned C1. Originally constructed in 1958, the building is currently vacant and offers significant potential for redevelopment or immediate occupancy. The single-tenant structure features convenient drive-thru ATMs, a significant advantage for financial institutions or businesses requiring similar access. Ample parking is available, ensuring ease of access for customers and employees. The property's address is 590 South Central Avenue, with a cross street of Perkins Street, and its APN is 14-0098-0020-048-9. Its previous use as a Wells Fargo branch makes it particularly well-suited for a bank or similar financial services business, but its versatile layout and ample space offer possibilities for a wide range of retail uses. The property's size and location in Hapeville, Georgia, zip code 30354, make it an attractive proposition for businesses seeking high visibility and convenient access. This is a rare opportunity to acquire a substantial retail space in a thriving Georgia community. The property's convenient location and existing infrastructure make it an ideal choice for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,798,000
      Market price range: $2.80M - $8.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hapeville
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4079
    Latitude
    33.6574
    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
    $20,046
    $264,480
    $445,720
    $710,200
    -
    $661,200
    $1,114,300
    $1,775,500

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      3800 Browns Ml SE Rd

      FINANCIAL BUILDING • 6,000 SF
      3800 Browns Ml SE Rd, Atlanta, GA 30354-2929
      View Details
    • Value Estimation by Request
      8,650 SF

      3604 Atlanta Ave

      FINANCIAL BUILDING • 8,650 SF
      3604 Atlanta Ave, Hapeville, GA 30354-1958
      View Details
    • Value Estimation
      $1,080,000
      23,584 SF

      600 Central Ave

      FINANCIAL BUILDING • 23,584 SF
      600 Central Ave, Atlanta, GA 30354-1928
      View Details
    • Value Estimation
      $3,515,000
      3,609 SF

      971 Virginia Ave

      CONVENIENCE STORE • 3,609 SF
      971 Virginia Ave, Hapeville, GA 30354-1339
      View Details
    • Value Estimation
      $510,000
      3,660 SF

      798 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,660 SF
      798 Central Ave, Hapeville, GA 30354-1936
      View Details
    • Value Estimation
      $2,255,000
      23,585 SF

      411 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,585 SF
      411 Central Ave, Hapeville, GA 30354-1602
      View Details

    Similar Nearby for Sale

    • $475,000
      2.64 Acres

      Commercial Lots on Conley Road

      Three commercial lots with frontage on Conley Road in Atlanta.
      Conley Rd, Atlanta, GA 30354
      View Details
    • New
      $70,000
      0.34 Acres

      Residential Lot in Growing Atlanta

      0.34-acre residential lot in Atlanta's appreciating Hapeville area.
      2971 Hapeville Rd SW, Atlanta, GA 30354
      View Details
    • $225,000
      0.83 Acres

      Hapeville Commercial Land - C-1 Zoning

      0.83-Acre Lot, Retail Potential, All Utilities
      3045 Springdale Rd, Hapeville, GA 30354
      View Details
    • $65,000
      0.41 Acres

      Land in Atlanta, Georgia

      Residential land suitable for single-family homes or townhomes.
      3231 Jonesboro Rd SE, Atlanta, GA 30354
      View Details
    • $109,000
      0.23 Acres

      Partially Developed Land Opportunity

      Partially developed land, ideal for builders, investors, or visionaries.
      194 Wallace Dr SW, Atlanta, GA 30354
      View Details
    • Contact for pricing
      335,606 SF

      Hapeville Office Buildings and Land

      Two office buildings and land in revitalizing Hapeville, Georgia.
      3579-3585 Atlanta Ave, Hapeville, GA 30354
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Hapeville Restaurant Spaces Available

      Prime Hapeville location, two spaces available.
      636 Central Ave, Hapeville, GA 30354
      View Details
    • Contact for pricing
      1 SF

      Prime Hapeville Retail Opportunity

      Atlanta Retail Land - For Lease
      3552 Perkins St, Atlanta, GA 30354
      View Details
    • Contact for pricing
      2,650 SF

      Hapeville Retail Space - High Visibility

      Prime Retail Building, High Traffic Area, 2,650 sq ft.
      438 Porsche Ave, Hapeville, GA 30354
      View Details
    • Contact for pricing
      27,878 SF

      Atlanta Retail Land: I-75 Frontage

      High-traffic retail land near Hartsfield-Jackson.
      3845 Browns Mill Rd, Atlanta, GA 30354
      View Details
    • Contact for pricing
      165,365 SF

      Atlanta Airport Distribution Center

      High-demand industrial space near Hartsfield-Jackson.
      4099 Old Dixie Hwy, Atlanta, GA 30354
      View Details
    • $11 SF/Yr
      9,287 SF

      Atlanta Warehouse Space Available

      9,287 SF warehouse space for lease in Atlanta.
      1000 Tradeport Blvd, Atlanta, GA 30354
      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.
    590 Central Ave
    Hapeville, GA 30354-1648
    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.