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Property profile & analytics
OFF-MARKET
Estimated value
$5,780,000
Retail space
663 11th NW St Atlanta, GA 30318
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1530791
Property summary
AI-generated overview
This exceptional 0.25-acre commercial land parcel, located in Atlanta's vibrant Midtown West submarket at 663-667 11th Street NW, offers a prime opportunity for short-term lease. The property features a fully operational parking lot with capacity for 28+ vehicles, providing convenient parking solutions in a high-demand area. Situated in Fulton County, Georgia, zip code 30318, this single-tenant property boasts easy access to Northside Drive and benefits from the bustling activity of Midtown West. The existing building on the site is currently leased, making this a unique investment opportunity focused solely on the parking lot's income potential. The property's location within Midtown West ensures high visibility and accessibility, making it an attractive option for businesses and individuals seeking convenient parking. This short-term lease presents a flexible and lucrative opportunity to capitalize on the strong demand for parking in this desirable Atlanta neighborhood. The land is zoned for commercial use. Interested parties should inquire about lease terms and conditions.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
9,900 SF
Lot
0.3 ac (13,242 SF)
Zoning code
I1
APN
17 015000071482
UPID
US22-1530791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.78M
Owner & transaction history
663 11th Street Ga LLC · 3 yrs held
663 11th Street Ga LLC
since 2023
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+156.3%
Restaurant
$5.4M
+142.8%
Office building
$3.7M
+66.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,575,000
ML approach
$5,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,680,000
Change: +156% · Conversion: Difficult
RESTAURANT
$5,385,000
Change: +143% · Conversion: Easy
OFFICE BUILDING
$3,695,000
Change: +67% · Conversion: Easy
Blend value · Realmo final
$5.78M
Range $5.20M – $6.36M · ±10% · vs last sale $6.00M (May 15 2023)
Last sale anchor
$6.00M
May 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$584 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$191,280
Assessed 2023
Previous assessed
$158,280
+20.8% YoY
Assessed land
$79,680
Assessed improvement
$111,600
Land market value
$199,200
Improvement market value
$279,000
Total market value
$478,200
Applied tax rate
5.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Total area
9,900 SF
Lot
0.3 ac (13,242 SF)
Zoning code
I1
APN
17 015000071482
UPID
US22-1530791
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
663 11th Street Ga LLC
Entity
Mailing address
2303 WINELEAS RD, DECATUR, GA 30033-5518
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$6,000,000
663 11th Street Ga LLC
11th Street Owner LLC
Warranty Deed
$3,500,000 · Emerald Financial Group
May 10, 2022
$4,040,000
11th Street Owner LLC
Joyce Kennedy Marks
Warranty Deed
—
May 10, 2022
—
11th Street Owner LLC
Joyce Kennedy Marks
Quit Claim Deed
related
—
—
—
James E Marks
—
Deed Of Trust
related
$300,000 · Pnc Bk/oh
—
—
James E Marks
—
Deed Of Trust
related
$288,653 · Pnc Bk/oh
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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