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

    598 Fletcher SW St Atlanta, GA 30310-3164

    • Specialty properties
    • 2,007 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2023
    $436,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0689755
    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

    • Specialty properties

    Property Details for 598 Fletcher SW St

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    0.19 lot acres
    Property size
    2,007 SF
    Zone code
    R5
    Property type
    Specialty properties
    APN
    14 008700070034
    APU
    14008700070034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4071
    Latitude
    33.7255
    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
    $44,240
    $120,000
    $164,240
    -
    $110,600
    $300,000
    $410,600

    Comparable in this City

    • Value Estimation
      $1,220,000
      70,457 SF

      1116 Murphy SW Ave

      CHARITABLE ORGANIZATION • 70,457 SF
      1116 Murphy SW Ave, Atlanta, GA 30310-3803
      View Details
    • Value Estimation by Request
      7,360 SF

      982 Murphy SW Ave

      CHARITABLE ORGANIZATION • 7,360 SF
      982 Murphy SW Ave, Atlanta, GA 30310-2835
      View Details
    • Value Estimation by Request
      0.16 Acres

      1381 Metropolitan SW Pkwy

      CHARITABLE ORGANIZATION • 0.16 Acres
      1381 Metropolitan SW Pkwy, Atlanta, GA 30310-4455
      View Details
    • Value Estimation by Request
      2,252 SF

      330 Laurel SW Ave

      FUNERAL HOME • 2,252 SF
      330 Laurel SW Ave, Atlanta, GA 30310-1235
      View Details
    • Value Estimation by Request
      880 SF

      699 Mcdaniel SW St

      CHARITABLE ORGANIZATION • 880 SF
      699 Mcdaniel SW St, Atlanta, GA 30310
      View Details
    • Value Estimation by Request
      3,888 SF

      923 Mcdaniel SW St

      FUNERAL HOME • 3,888 SF
      923 Mcdaniel SW St, Atlanta, GA 30310-3017
      View Details

    Similar Nearby for Sale

    • $600,000
      4,849 SF

      Atlanta Commercial Building on Dill Avenue

      Free-standing brick building near Beltline, ideal for retail or office.
      638 Dill Ave SW, Atlanta, GA 30310
      View Details
    • Contact for pricing

      Lucile Avenue Property for Sale

      Lucile Avenue property available for purchase in Atlanta, Georgia.
      1194 Lucile Ave SW, Atlanta, GA 30310
      View Details
    • Contact for pricing

      Dill Avenue Specialty Property

      Specialty property available for sale in Atlanta, Georgia.
      918 Dill Ave SW, Atlanta, GA 30310
      View Details
    • $1,850,000
      Pending

      Sylvan Hills Freestanding Building

      30,000+ sq ft building on 3+ acres near Beltline.
      1775 Buckeye St SW, Atlanta, GA 30310
      View Details
    • $1,850,000
      Pending

      Atlanta Church/Redevelopment Opportunity

      3+ acre property near Beltline, ideal for redevelopment or business.
      1775 Buckeye St SW, Atlanta, GA 30310
      View Details
    • $1,850,000
      3.16 Acres

      Sylvan Hills Freestanding Building

      30,000+ sq ft building on 3+ acres near Beltline.
      1775 Buckeye St SW, Atlanta, GA 30310
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      Atlanta Retail Space: Oak Street SW

      Prime Atlanta retail space, 1201 sq ft, single tenant.
      777 Oak St, Atlanta, GA 30310
      View Details
    • Contact for pricing
      9,100 SF

      Prime Atlanta Retail Space

      9,100 SF Retail Building - Atlanta, GA
      2310 M.l.k. Jr Dr, Atlanta, GA 30310
      View Details
    • Contact for pricing
      26,050 SF

      Oak Street Retail Center Investment

      Atlanta Retail Space Available Now
      855 Oak St, Atlanta, GA 30310
      View Details
    • Contact for pricing

      Atlanta BeltLine Medical Office Suite

      Prime Atlanta location, flexible lease options.
      929 Lee St, Atlanta, GA 30310
      View Details
    • Contact for pricing
      211,585 SF

      Atlanta Warehouse/Flex Space

      211,585 SF, Multiple Tenants, Atlanta West End
      1200 White St, Atlanta, GA 30310
      View Details
    • $12 SF/Yr
      13,359 SF

      Prime West End Atlanta Warehouse

      Newly Renovated Industrial Space, I-1 Zoning
      1320 White St, Atlanta, GA 30310
      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.
    598 Fletcher SW St
    Atlanta, GA 30310-3164
    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.