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

    659 Auburn NE Ave Atlanta, GA 30312-1940

    • Specialty properties
    • 1,780 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Apr 04, 2022
    $2,000,000
    Value Estimations
    $2,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1206917
    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

    • Glide Pizza / Restaurant
    • NICH Culture / Consultant
    • Orange Sparkle Ball / Business Service Center
    • AirTight Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Toolbox No. 9 / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 659 Auburn NE Ave

    Year built
    1925
    Construction
    BRICK
    Lot size
    0.04 lot acres
    Property size
    1,780 SF
    Zone code
    I1
    Property type
    Specialty properties
    APN
    14 001900101667
    APU
    14001900101667

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,080,000
      ML approach
      $2,095,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3663
    Latitude
    33.756
    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
    $11,496
    $34,880
    $242,800
    $277,680
    -
    $87,200
    $607,000
    $694,200

    Comparable in this City

    • Value Estimation by Request
      3,050 SF

      468 Blvd SE Blvd

      VETERINARY, ANIMAL HOSPITAL • 3,050 SF
      468 Blvd SE Blvd, Atlanta, GA 30312-3426
      View Details
    • Value Estimation
      $860,000
      18,438 SF

      412 John Wesley Dobbs NE Ave

      CHARITABLE ORGANIZATION • 18,438 SF
      412 John Wesley Dobbs NE Ave, Atlanta, GA 30312-1344
      View Details
    • Value Estimation by Request
      1,547 SF

      211 Georgia SE Ave

      CHARITABLE ORGANIZATION • 1,547 SF
      211 Georgia SE Ave, Atlanta, GA 30312-3001
      View Details
    • Value Estimation
      $770,000
      3,198 SF

      440 Ralph Mcgill NE Blvd

      CHARITABLE ORGANIZATION • 3,198 SF
      440 Ralph Mcgill NE Blvd, Atlanta, GA 30312-1217
      View Details
    • Value Estimation
      $2,055,000
      2,024 SF

      659 Auburn Ave Ne Ste, Unit 150

      CHARITABLE ORGANIZATION • 2,024 SF
      659 Auburn Ave Ne Ste, Atlanta, GA 30312-1986
      View Details
    • Value Estimation by Request
      3,912 SF

      378 Auburn NE Ave

      FUNERAL HOME • 3,912 SF
      378 Auburn NE Ave, Atlanta, GA 30312-1544
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Atlanta Specialty Property For Sale

      Specialty property available for purchase in Atlanta, Georgia.
      444 Highland Ave Northeast, Atlanta, GA 30312
      View Details
    • $720,000

      Luxury Townhome in Old Fourth Ward

      Stunning end-unit townhome with abundant natural light and premium features.
      326 Brownstones Cir NE, Atlanta, GA 30312
      View Details
    • Contact for pricing

      Ralph McGill Blvd Opportunity

      Property on Ralph McGill Blvd in Atlanta, GA available for sale.
      446-448 Ralph Mcgill Blvd NE, Atlanta, GA 30312
      View Details
    • Contact for pricing

      Decatur Street Specialty Property

      Specialty property available for sale on Decatur Street.
      536 Decatur St SE, Atlanta, GA 30312
      View Details
    • $2,650,000

      Restaurant in Grant Park Neighborhood

      Flourishing full-service restaurant with covered patio and event space.
      350 Memorial Dr SE, Atlanta, GA 30312
      View Details
    • $700,000
      0.08 Acres

      Historic Church in Old Fourth Ward

      Historic property in Atlanta's Old Fourth Ward, ready for redevelopment.
      597 Auburn Ave NE, Atlanta, GA 30312
      View Details

    Similar Nearby for Lease

    • $3,980 /Mo

      New Townhome with Downtown Views

      Luxurious new construction townhome in Summerhill, close to everything.
      105 Georgia Ave SE, Atlanta, GA 30312
      View Details
    • $35 SF/Yr
      10,000 SF

      Front Porch on Auburn Retail Space

      Prime Auburn Ave Retail, Multiple Units Available
      348 Auburn Ave, Atlanta, GA 30312
      View Details
    • $2,400 /Mo
      1,492 SF

      Spacious Home with Bonus Room

      Stylish 2BR/2.5BA home with open floor-plan and oversized bonus room.
      879 Commonwealth Ave SE, Atlanta, GA 30312
      View Details
    • Contact for pricing
      3 SF

      Downtown Atlanta Industrial Storage Opportunity

      Prime industrial land for outside storage in downtown Atlanta.
      570 Glenn St, Atlanta, GA 30312
      View Details
    • $1,350 /Mo

      Renovated Condo in Gated Community

      Renovated 2 bed, 1 bath condo in central Atlanta.
      561 Formwalt St, Atlanta, GA 30312
      View Details
    • Contact for pricing
      1,332 SF

      Retail Space Available for Rent

      Retail space available for rent in Atlanta, GA.
      1015 Boulevard SE, Atlanta, GA 30312
      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.
    659 Auburn NE Ave
    Atlanta, GA 30312-1940
    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.