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    Property profile & analytics

    697 Forest Pkwy Forest Park, GA 30297

    • Commercial real estate
    • 2,580 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0129471
    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

    • BlueBox Property Management, LLC / Real Estate Agency / Property Management Company
    • Restoration And Deliverance Church Of God In Christ / Church
    • GMS Business Communications, Inc. / Telecommunications Service
    • EW Real Estate Services LLC / Real Estate Agency

    Property Details for 697 Forest Pkwy

    Year built
    1971
    Lot size
    0.22 lot acres
    Property size
    2,580 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,580 square foot executive office building, constructed in 1971, is situated on a 0.222-acre lot at 697 Forest Parkway in Forest Park, Georgia (zip code 30297). The property boasts a highly desirable location, offering excellent visibility and accessibility. Its prime position on busy Forest Parkway/Highway 331, with a traffic count of 20,300 vehicles per day, ensures significant exposure for any business. The strategic proximity to major thoroughfares further enhances its appeal

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Clayton - GA
    State
    Georgia
    Longitude
    -84.367352
    Latitude
    33.6205946

    Comparable in this City

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    • $2,200,000
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      Forest Park Industrial Property

      2.5-Acre Trucking Lot, Office Building
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    • $750,000
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      Two-Story Office Building Near Airport

      5,000 SF office building close to major interstates and airport.
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    • $795,000
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      Forest Park Professional Suites Property

      Professional suites property with 30+ offices in Forest Park.
      1019 Astor Ave, Forest Park, GA 30297
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    • $795,000
      5,974 SF

      Forest Park Professional Suites Property

      Professional suites with 30+ offices near I-75 and I-285.
      1019 Astor Ave, Forest Park, GA 30297
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    • $650,000
      2.24 Acres

      Forest Park Land: $650,000

      2.24 Acres, C2-GB Zoned, High Visibility
      5926 Old Dixie Hwy, Forest Park, GA 30297
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,202 SF

      Forest Park Executive Office Space

      Prime Forest Park Office Building, 5,202 SF
      525 Forest Pkwy, Forest Park, GA 30297
      View Details
    • $2,200,000
      2,380 SF

      Forest Park Industrial Property

      2.5-Acre Trucking Lot, Office Building
      55 Alston Ct, Forest Park, GA 30297
      View Details
    • $750,000
      5,000 SF

      Two-Story Office Building Near Airport

      5,000 SF office building close to major interstates and airport.
      Forest Park, GA 30297
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    • $795,000
      5,974 SF

      Forest Park Professional Suites Property

      Professional suites property with 30+ offices in Forest Park.
      1019 Astor Ave, Forest Park, GA 30297
      View Details
    • $795,000
      5,974 SF

      Forest Park Professional Suites Property

      Professional suites with 30+ offices near I-75 and I-285.
      1019 Astor Ave, Forest Park, GA 30297
      View Details
    • $650,000
      2.24 Acres

      Forest Park Land: $650,000

      2.24 Acres, C2-GB Zoned, High Visibility
      5926 Old Dixie Hwy, Forest Park, GA 30297
      View Details

    Similar Nearby for Lease

    • $7,534 /Mo
      29,359 SF

      Prime Commercial Building on Parkway

      High-traffic location with roll-up door and ample parking.
      713 Forest Pkwy, Forest Park, GA 30297
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    • Contact for pricing
      10,000 SF

      Forest Parkway Industrial Property

      ±10,000 SF Flex Space, 2.5 Acres
      349 Forest Pkwy, Forest Park, GA 30297
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      50,135 SF

      Forest Park Warehouse Space Available

      Georgia industrial warehouse, multiple suites.
      5442 Frontage Rd, Forest Park, GA 30297
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    • $68,307
      229,561 SF

      Forest Park Industrial Land

      5.27-acre industrial site, ideal for storage.
      5585 Old Dixie Rd, Forest Park, GA 30297
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    • Contact for pricing
      6,323 SF

      Warehouse with Outside Storage Available

      6,200 SF warehouse with outside storage near airport.
      5755 Old Dixie Hwy, Forest Park, GA 30297
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    • $1,350 /Mo
      148,104 SF

      Versatile Retail Storefront in Forest Park

      Retail storefront in a bustling plaza, suitable for various businesses.
      4035 Jonesboro Rd, Forest Park, GA 30297
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    697 Forest Pkwy
    Forest Park, GA 30297
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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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