Entity Owned 
For Lease
$3,595,000
621 North Ave Northeast, Atlanta, GA 30308
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1935
Total area
25,386 SF
Lot
4.1 ac (178,596 SF)
Zoning code
I1
APN
14 001800010232
UPID
US22-1731624
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Film Production Television Studio
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Physician
-
Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
I1 · Atlanta, GA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.60M
Value range
$3.24M – $3.95M
±10% around blend
Estimated value / SF
$142 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$3.24M
blend $3.60M
$3.95M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,386 SF
Lot area
4.1 ac
Year built
1935
Stories
1
APN
14 001800010232
Zoning
I1
Assessed value
$6,289,240
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.75M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.14M
@ 6.5% CAP return
$4.75M
@ 7% CAP return
$4.41M
4
Sales comparison
Partial preview
Sales approach indication
$5.80M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.1 mi away · 21,194 SF
24.4 mi away · 29,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.60M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 507 sales
$281
-50%
County 397 sales
$244
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $142/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.29M
Move the market yield to see immediate price impact.
Value / SF
$248
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$396k
$7.92M
$5.66M
$4.40M
$440k
$8.80M
$6.29M
$4.89M
$484k
$9.69M
$6.92M
$5.38M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$10.25M
17.0 mi · Sep 2025 · $410/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$6,289,240
Assessed 2023
Previous assessed
$4,008,920
+56.9% YoY
Assessed land
$1,181,560
Assessed improvement
$5,107,680
Land market value
$2,953,900
Improvement market value
$12,769,200
Total market value
$15,723,100
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1935
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
25,386 SF
Lot
4.1 ac (178,596 SF)
Zoning code
I1
APN
14 001800010232
UPID
US22-1731624
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GAZoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
4.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I1
Jurisdiction
Atlanta, GA
Recorded code
I1
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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