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    640 North Ave NW Atlanta, GA 30318
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    Property profile & analytics

    640 North Ave NW Atlanta, GA 30318

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    • Investment properties
    • 5,092 SF
    • 2.14 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Creative Office Space Near Beltline For Lease
    $21 SF/Yr

    Creative Office Space Near Beltline

    Creative office space with high ceilings and abundant natural light.

    640 North Avenue NW, Atlanta, GA 30318
    View Listing
    Property ID
    US22-0932611
    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

    • International Cinematographers Guild, Local 600 Atlanta / Advocacy Group
    • Smilestone Photographers / Photography Service / (Bike/Boat/Book/etc) Store
    • The PM Group Corp / Information Services
    • KITT Labs / Business Park / Industrial Park
    • Georgia Family Planning System / Family Planning Center / Local Medical Services

    Property Details for 640 North Ave NW

    Year built
    1920
    Construction
    WOOD
    Lot size
    2.14 lot acres
    Property size
    5,092 SF
    Zone code
    I1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14 011100030517
    APU
    14011100030517

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,060,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,054,000
      Market price range: $191k - $1.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4082
    Latitude
    33.7696
    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
    $41,675
    $521,480
    $485,160
    $1,006,640
    -
    $1,303,700
    $1,212,900
    $2,516,600

    Comparable in this City

    • Value Estimation
      $505,000
      4,720 SF

      692 Lindsay NW St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,720 SF
      692 Lindsay NW St, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      1,648 SF

      562 English NW Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,648 SF
      562 English NW Ave, Atlanta, GA 30318-8404
      View Details
    • Value Estimation
      $17,790,000
      19,287 SF

      1311 Logan NW Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 19,287 SF
      1311 Logan NW Cir, Atlanta, GA 30318-2858
      View Details
    • Value Estimation
      $4,125,000
      31,110 SF

      1700 Marietta NW Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 31,110 SF
      1700 Marietta NW Blvd, Atlanta, GA 30318-3647
      View Details
    • Value Estimation
      $8,215,000
      34,139 SF

      2301 Defoor Hls NW Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 34,139 SF
      2301 Defoor Hls NW Rd, Atlanta, GA 30318-2207
      View Details
    • Value Estimation by Request
      1,714 SF

      42 Johnson NW Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,714 SF
      42 Johnson NW Rd, Atlanta, GA 30318-4810
      View Details

    Similar Nearby for Sale

    • $799,000
      5,888 SF

      Grove Park Mixed-Use Opportunity

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      Atlanta Commercial Land For Sale

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      Atlanta Land For Sale

      Commercial/Residential/Mixed Use Land in the heart of Center Hill.
      2527 Donald Lee Holloway Hwy NW, Atlanta, GA 30318
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    • $1,800,000
      2,985 SF

      Flex Space Commercial Grey Building

      High-presence flex space near Howell Mill commercial district.
      692 10Th St Northwest, Atlanta, GA 30318
      View Details
    • $440,000
      961 SF

      Office/Live-Work Space For Sale

      961± SF Office/Live-Work space available for purchase.
      1440 Woodmont Ln NW, Atlanta, GA 30318
      View Details
    • $440,000

      Upper Westside Live-Work Space

      Renovated office/live-work space in trendy Upper Westside location.
      1440 Woodmont Ln Northwest, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Chattahoochee Industrial Flex/Showroom Suites

      Multi-tenant flex building in the Chattahoochee Industrial District.
      2195 Defoor Hills Rd NW, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Upper Westside Mixed-Use Property

      Located in the Upper Westside, near The Works development.
      1745 De Foor Pl NW, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Upper Westside Mixed-Use Property

      Mixed-use property in Upper Westside with retail or office potential.
      1720 De Foor Pl NW, Atlanta, GA 30318
      View Details
    • $26 SF/Yr
      256,000 SF

      King Plow Arts Center Office Space

      Atlanta Creative Office Suites Available
      887 Marietta St, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Loft Office Space Available

      Loft office with private offices, kitchen, lounge, and parking.
      500 Bishop St NW, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Prime Showroom/Office Space Available

      Modern-industrial showroom/office space with excellent frontage and parking.
      500 Bishop St NW, Atlanta, GA 30318
      View Details
    View Listing
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    640 North Ave NW
    Atlanta, GA 30318
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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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