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    5953 Buford NE Hwy Atlanta, GA 30340-1375
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    Property profile & analytics

    5953 Buford NE Hwy Atlanta, GA 30340-1375

    View on Map
    • Retail space
    • 1,566 SF
    • 0.04 lot acres
    Off-Market
    Last Sale Feb 21, 2024
    Property ID
    US22-4400718
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paris Hall ATL / Hotel & Motel / Resort
    • Sapphire Extensions / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Stone Bowl House 운암정 스톤 볼 하우스 / Restaurant
    • Chamblee Medical Clinic - Skin & Vein Clinic / Medical Clinic
    • Henry Chung / Alternative Medicine Practice / Acupuncture

    Property Details for 5953 Buford NE Hwy

    Year built
    2004
    Lot size
    0.04 lot acres
    Property size
    1,566 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    18 337 09 036
    APU
    1833709036

    Description

    Seoul Plaza offers exceptional office space in Doraville, Georgia, perfectly situated on Buford Highway NE, zip code 30340. This vibrant location boasts high visibility and easy access, just 1.5 miles from Assembly and Doraville Station and directly on a bus route. The building features three suites in total, with four spaces currently available, ranging from 1,000 to 3,700 contiguous square feet. The minimum divisible space is 1,000 square feet. One available suite, located on the second floor, offers 1,588 square feet. The property is ideal for various businesses, including medical offices, traditional offices, hair salons, and beauty salons. The building includes elevator access and ample parking with over 100 spaces. This multi-tenant building presents a unique opportunity to establish your business in a thriving commercial corridor. The property's location provides unparalleled accessibility and visibility, making it an attractive option for businesses seeking a high-traffic area with convenient public transportation. The diverse range of available space sizes caters to businesses of various scales and needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2617
    Latitude
    33.9128
    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
    $5,421
    $17,455
    $100,625
    $118,080
    -
    $43,637
    $251,563
    $295,200

    Comparable in this City

    • Value Estimation
      $5,445,000
      29,400 SF

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      RETAIL STORES (PERSONAL SERVICES) • 29,400 SF
      5877 Buford NE Hwy, Atlanta, GA 30340-2421
      View Details
    • Value Estimation by Request
      3,906 SF

      6046 New Peachtree Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,906 SF
      6046 New Peachtree Rd, Atlanta, GA 30340
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    • Value Estimation by Request
      450 SF

      4001 Presidential Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 450 SF
      4001 Presidential Pkwy, Atlanta, GA 30340-3719
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    • Value Estimation by Request
      1,932 SF

      5953 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,932 SF
      5953 Buford NE Hwy, Atlanta, GA 30340-1375
      View Details
    • Value Estimation
      $1,340,000
      7,689 SF

      5210 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,689 SF
      5210 Buford NE Hwy, Atlanta, GA 30340-1107
      View Details
    • Value Estimation
      $1,030,000
      6,160 SF

      5382 Buford NE Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,160 SF
      5382 Buford NE Hwy, Atlanta, GA 30340-6105
      View Details

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    Similar Nearby for Lease

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      Versatile Retail/Office Space Available Now

      2962 sqft retail/office space in vibrant Doraville location.
      5953 Buford Hwy NE, Atlanta, GA 30340
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    Atlanta, GA 30340-1375
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    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.

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