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    634 Jolly Ave S Clarkston, GA 30021
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    Property profile & analytics

    634 Jolly Ave S, Clarkston, GA 30021

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    • Garden apartment buildings
    • 3,556 SF
    • 0.04 lot acres
    For Sale
    $549,000
    View Listing →
    Clarkston Quadraplex Investment Opportunity For Sale
    $549,000
    0.10 Acres

    Clarkston Quadraplex Investment Opportunity

    Four-unit multifamily property in Clarkston, near I-285 and Dekalb Farmers Market.

    634 Jolly Avenue S, Clarkston, GA 30021
    View Listing
    Property ID
    US22-4260486
    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

    • Garden apartment buildings

    Property Details for 634 Jolly Ave S

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    0.04 lot acres
    Zone code
    RM85
    Property type
    Garden apartment buildings
    APN
    18 066 14 002
    APU
    1806614002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 10, 2024 — 634 Jolly Ave S LLC James J Ferrari Quit Claim Deed · related —
    Apr 4, 2024 $430,500 James J Ferrari Drews Investment Group LLC Warranty Deed $323k · First Option Mortgage
    Apr 4, 2024 — James J Ferrari James J Ferrari Quit Claim Deed · related —
    Jun 24, 2021 — Monteiro Edson Benzan — Deed · related $166k · Panorama Mortgage Group
    Dec 31, 2019 — Drews Investment Group LLC Monteiro Edson J Benzan Warranty Deed · related —
    Aug 1, 2019 — Edson J Benzanmonteiro — Deed · related $155k · Homestar Financial
    Dec 8, 2004 — Melak B Bishaw Ethid Invest Grp INC Quit Claim Deed · related —
    — — Melak B Bishaw — Deed Of Trust · related $113k · Bank Of America

    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
    Clarkston
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2419
    Latitude
    33.7967
    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
    $3,662
    $4,978
    $73,902
    $78,880
    -
    $12,446
    $184,754
    $197,200

    Comparable in this City

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    • Value Estimation
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      16,100 SF

      751 Indian Crk Dr

      GARDEN APT, COURT APT (5+ UNITS)
      751 Indian Crk Dr, Clarkston, GA 30021-2344
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    • Value Estimation
      $34,590,000
      15,584 SF

      3600 Montreal Crk Cir

      GARDEN APT, COURT APT (5+ UNITS)
      3600 Montreal Crk Cir, Clarkston, GA 30021-1447
      View Details
    • Value Estimation
      $605,000
      3,155 SF

      1092 Jolly Ave

      GARDEN APT, COURT APT (5+ UNITS)
      1092 Jolly Ave, Clarkston, GA 30021-1163
      View Details
    • Value Estimation
      $560,000
      4,020 SF

      741 Northern Ave

      GARDEN APT, COURT APT (5+ UNITS)
      741 Northern Ave, Clarkston, GA 30021-1919
      View Details
    • Value Estimation
      $4,415,000
      12,408 SF

      976 Montreal Rd

      GARDEN APT, COURT APT (5+ UNITS)
      976 Montreal Rd, Clarkston, GA 30021
      View Details

    Similar Nearby for Sale

    • $549,000
      0.10 Acres

      Clarkston Quadraplex Investment Opportunity

      Four-unit multifamily property in Clarkston, near I-285 and Dekalb Farmers Market.
      634 Jolly Ave S, Clarkston, GA 30021
      View Details
    • New
      $289,000
      1.20 Acres

      Duplex on Large Clarkston Lot

      Duplex on 1.2 acres with development potential in Clarkston.
      3514 Hill St, Clarkston, GA 30021
      View Details
    • $289,000
      1.20 Acres

      Duplex on Large Lot

      Duplex on 1.2 acres with development potential in Clarkston.
      3514 Hill St, Clarkston, GA 30021
      View Details
    • $249,900
      1.44 Acres

      Development Opportunity in Clarkston Location

      1.44 acres in Clarkston, ideal for redevelopment.
      4201 Church St, Clarkston, GA 30021
      View Details
    • $249,900
      1.44 Acres

      Clarkston Land Development Opportunity

      1.44 acres of high-density residential land in Clarkston, GA.
      4201 Church St, Clarkston, GA 30021
      View Details
    • $995,000

      Land Along I-285 Frontage

      4.63 acres with I-285 frontage, multi-family redevelopment potential.
      700 Northern Ave, Clarkston, GA 30021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clarkston Industrial Property For Rent

      Industrial property with immediate I-285 access in Clarkston, Georgia.
      3550 Clarkston Industrial Blvd, Clarkston, GA 30021
      View Details
    • $2,895 /Mo
      13,068 SF

      Renovated Office Space in Clarkston

      Move-in ready office space with excellent road visibility in Clarkston.
      3986 E Ponce De Leon Ave, Clarkston, GA 30021
      View Details
    • $2,895 /Mo
      13,068 SF

      Renovated Office Space in Clarkston

      Move-in ready office space with excellent road visibility.
      3986 E Ponce De Leon Ave, Clarkston, GA 30021
      View Details
    View Listing
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    Clarkston, GA 30021
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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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