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

    70 Lenox NE Rd Atlanta, GA 30324

    • Office Properties & Spaces
    • 1,420 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    7.6%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US22-0911946
    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

    • Office Properties & Spaces

    Property Details for 70 Lenox NE Rd

    Year built
    1996
    Lot size
    0.03 lot acres
    Property size
    1,420 SF
    Zone code
    OI
    Property type
    Office Properties & Spaces
    APN
    17 000600040830
    APU
    17000600040830

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $310,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $269,000
      Market price range: $270k - $489k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $350,000
      Current use
      COMMERCIAL (GENERAL)
      $400,000
      Change: +13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $385,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $385,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $360,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $320,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3537
    Latitude
    33.826
    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
    $2,371
    $30,680
    $26,600
    $57,280
    -
    $76,700
    $66,500
    $143,200

    Comparable in this City

    • Value Estimation
      $685,000
      2,400 SF

      36 Lenox Pointe NE

      CONDOMINIUM OFFICES • 2,400 SF
      36 Lenox Pointe NE, Atlanta, GA 30324-3169
      View Details
    • Value Estimation
      $300,000
      1,058 SF

      2660 Lenox NE Rd

      CONDOMINIUM OFFICES • 1,058 SF
      2660 Lenox NE Rd, Atlanta, GA 30324
      View Details
    • Value Estimation
      $335,000
      2,722 SF

      47 Lenox Pointe NE

      CONDOMINIUM OFFICES • 2,722 SF
      47 Lenox Pointe NE, Atlanta, GA 30324-3162
      View Details
    • Value Estimation by Request
      2,964 SF

      7 Lenox Pointe NE

      CONDOMINIUM OFFICES • 2,964 SF
      7 Lenox Pointe NE, Atlanta, GA 30324-3499
      View Details
    • Value Estimation
      $215,000
      2,784 SF

      10 Lenox Pointe NE

      CONDOMINIUM OFFICES • 2,784 SF
      10 Lenox Pointe NE, Atlanta, GA 30324-3168
      View Details
    • Value Estimation
      $285,000
      2,460 SF

      54 Lenox Pointe NE

      CONDOMINIUM OFFICES • 2,460 SF
      54 Lenox Pointe NE, Atlanta, GA 30324-3170
      View Details

    Similar Nearby for Sale

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    • $7,250,000
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      Standalone office with private offices, open area, and break room.
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    • $1,395,000
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      Turnkey Dental Office in Atlanta

      Fully operational dental office in a prime Atlanta location.
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    • $1,750,000
      0.27 Acres

      Versatile Property in Prime Location

      Flexible space in high-traffic area, ideal for various uses.
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    • $1,995,000
      6,726 SF

      Piedmont Road Retail Building

      ±6,726 SF Freestanding Retail Space
      2087 Piedmont Rd, Atlanta, GA 30324
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,000 SF

      Cheshire Bridge Office Suites

      Atlanta Office Space: 1,000-2,000 SF
      2100 Cheshire Bridge Rd, Atlanta, GA 30324
      View Details
    • Contact for pricing
      49,630 SF

      Industrial Flex Space Available

      Industrial flex space featuring office and warehouse components.
      2091 Faulkner Rd NE, Atlanta, GA 30324
      View Details
    • $22 SF/Yr
      1,373 SF

      Buckhead Creative Office Space

      1,373 sq ft Design Showroom, Miami Circle
      690 Miami Cir, Atlanta, GA 30324
      View Details
    • $27 SF/Yr
      34,059 SF

      Midtown Atlanta Flex Space

      Prime Midtown Atlanta flex space, 2,000 sq ft available.
      800 Lambert Dr, Atlanta, GA 30324
      View Details
    • Contact for pricing
      185,052 SF

      Buckhead Retail Center: Prime Location

      Atlanta retail space, multiple suites available.
      2625 Piedmont Rd, Atlanta, GA 30324
      View Details
    • Contact for pricing
      32,402 SF

      Lenox Village Retail Center

      Buckhead Atlanta retail space available
      2770 Lenox Rd, Atlanta, GA 30324
      View Details
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    70 Lenox NE Rd
    Atlanta, GA 30324
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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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