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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    640 Cordell Dr Atlanta, GA 30349

    • Warehouses
    • 43,658 SF
    • 5.33 lot acres
    For Lease
    View listing
    Last Sale
    May 20, 2025
    $12,084,634
    Value Estimations
    $9,190,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1710939
    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

    • DCB LOGISTICS LLC (Freight Force ATL) / Transportation Service
    • CHR international express / Trucking Company
    • Ecycle Atlanta / Recycling Center / Computer Security Service

    Property Details for 640 Cordell Dr

    Year built
    1975
    Lot size
    5.33 lot acres
    Property size
    43,658 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    13-042D- A-001
    APU
    13042DA001

    Description

    The Clark Howell Commerce Center, located at 640 Cordell Dr, Atlanta, GA 30349, offers a unique opportunity to lease exceptional office and distribution space. This multi-tenant property, built in 1975, boasts a total of 43,137 square feet, with a significant 17,580 square feet currently available for lease. The building is ideally suited for businesses requiring both executive office space and efficient distribution capabilities. The available space offers a high ceiling of 18 feet, providing ample vertical storage and operational flexibility. Four dock-high doors ensure seamless loading and unloading of goods, streamlining logistics and enhancing operational efficiency. The property's location in Atlanta, Georgia provides excellent access to major transportation arteries, facilitating easy movement of goods and personnel. This is a prime opportunity for a business seeking a versatile and strategically located space to support its growth and operational needs. The property type is classified as Office and Industrial, offering a blend of executive office space and distribution capabilities within a single location. This combination makes it an attractive option for companies seeking to consolidate their operations or expand into a new market. The available space presents a significant opportunity for a business seeking a substantial footprint in a well-established Atlanta commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,465,000
      ML approach
      $8,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,204,000
      Market price range: $3.19M - $10.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,745,000
      Current use
      COMMERCIAL (GENERAL)
      $12,270,000
      Change: +82% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $11,880,000
      Change: +76% Conversion: Moderate
      MEDICAL BUILDING
      $11,870,000
      Change: +76% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $11,085,000
      Change: +64% Conversion: Easy
      OFFICE BUILDING
      $10,220,000
      Change: +51% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4111
    Latitude
    33.6248
    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
    $38,262
    $138,600
    $841,400
    $980,000
    -
    $346,500
    $2,103,500
    $2,450,000

    Comparable in this City

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      256,828 SF

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      WAREHOUSE, STORAGE • 256,828 SF
      3515 Naturally Fresh Blvd, South Fulton, GA 30349-2939
      View Details
    • Value Estimation
      $6,100,000
      628,193 SF

      4475 Fulton Pkwy

      WAREHOUSE, STORAGE • 628,193 SF
      4475 Fulton Pkwy, South Fulton, GA 30349-2603
      View Details
    • Value Estimation by Request
      773,776 SF

      4475 Fulton Pkwy

      WAREHOUSE, STORAGE • 773,776 SF
      4475 Fulton Pkwy, South Fulton, GA 30349-2603
      View Details
    • Value Estimation
      $10,695,000
      32,682 SF

      1757 Phoenix Pkwy

      WAREHOUSE, STORAGE • 32,682 SF
      1757 Phoenix Pkwy, Atlanta, GA 30349
      View Details
    • Value Estimation
      $8,560,000
      88,100 SF

      4050 Southmeadow W Pkwy

      WAREHOUSE, STORAGE • 88,100 SF
      4050 Southmeadow W Pkwy, South Fulton, GA 30349-1800
      View Details
    • Value Estimation
      $17,845,000
      293,222 SF

      4091 Southmeadow W Pkwy

      WAREHOUSE, STORAGE • 293,222 SF
      4091 Southmeadow W Pkwy, South Fulton, GA 30349-1998
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,380 SF

      South Fulton Warehouse on 6.16 AC

      42,380 SF warehouse near I-85 and I-285 in Atlanta.
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      42 SF

      Industrial Space Available in Atlanta

      Industrial property with up to 26,858 SF available 7/1/2025.
      4820 Clark Howell Hwy, Atlanta, GA 30349
      View Details
    • $6,200,000
      82.00 Acres

      Atlanta Residential Land - 82 Acres

      Prime South Fulton development opportunity.
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    • $7,110,000
      26.33 Acres

      Atlanta Mixed-Use Land Opportunity

      26.33 Acres, Prime Location, $7.1M
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    • $299,000
      0.92 Acres

      Prime College Park Commercial Land

      0.92-acre lot, C-3 zoning, ideal for development.
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    • $55,000
      4.50 Acres

      South Fulton Acreage Opportunity

      4.5-acre parcel in South Fulton, suitable for development.
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    Similar Nearby for Lease

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      34,910 SF

      Atlanta Warehouse Space Available

      34,910 SF warehouse space for lease in Atlanta.
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    • $9 SF/Yr
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      Atlanta Warehouse Space Available

      7,627 SF warehouse space for rent in Atlanta.
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    • $7 SF/Yr
      725,000 SF

      Fulton Parkway Warehouse Space

      253,300 SF warehouse space with ample parking available for lease.
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    • Contact for pricing
      7,000 SF

      Warehouse with Gravel Storage Yard

      Warehouse with gravel storage yard available Summer 2023.
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    • Contact for pricing
      201,500 SF

      South Fulton Warehouse Space Available

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      View Details
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    640 Cordell Dr
    Atlanta, GA 30349
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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.

    More about this property
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