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    Property profile & analytics

    7471 Mcelroy Dr, Unit Riverdale Riverdale, GA 30296

    • Investment properties
    • 868 SF
    • 1.84 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence
    Property ID
    US22-0501068
    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

    • Investment properties

    Property Details for 7471 Mcelroy Dr

    Year built
    1948
    Construction
    FRAME
    Lot size
    1.84 lot acres
    Property size
    868 SF
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    13-183C- A-008
    APU
    13183CA008

    Description

    This exceptional 1.84-acre commercial property, located at 7471 McElroy Drive in Riverdale, Georgia, presents a compelling investment opportunity for developers and investors. Situated at the strategic intersection of GA Highway 85 and GA Highway 138, this parcel is part of a larger 5.279-acre assemblage (including properties at 7423, 7471, and 7453 McElroy Road – see separate listings). The property is zoned GB (General Business), allowing for a range of permitted commercial uses. The current zoning supports residential townhome development, making this a highly versatile site with significant potential for future growth. The expansive acreage offers ample space for a substantial project. Note that this property is being sold as part of the larger 5.279-acre assemblage and will not be subdivided for separate sale. The asking price for this 1.84-acre parcel is $750,000. This prime location and flexible zoning make this an exceptional opportunity for those seeking a high-impact commercial development project in a rapidly growing area. Detailed zoning information and permitted business uses are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4163
    Latitude
    33.5511
    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
    2024
    $1,880
    $48,000
    $200
    $48,200
    -
    $120,000
    $500
    $120,500

    Comparable in this City

    • Value Estimation by Request
      792 SF

      842 Scott Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 792 SF
      842 Scott Rd, Riverdale, GA 30296-1554
      View Details
    • Value Estimation
      $255,000
      2,296 SF

      1225 Hwy 138th SW

      OFFICE/RESIDENTIAL (MIXED USE) • 2,296 SF
      1225 Hwy 138th SW, Riverdale, GA 30296-1437
      View Details
    • Value Estimation
      $210,000
      1,374 SF

      1030 Scott Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,374 SF
      1030 Scott Rd, Riverdale, GA 30296-1558
      View Details
    • Value Estimation by Request
      1,566 SF

      862 Scott Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,566 SF
      862 Scott Rd, Riverdale, GA 30296-1554
      View Details
    • Value Estimation by Request
      1,044 SF

      7453 Mcelroy Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,044 SF
      7453 Mcelroy Dr, Riverdale, GA 30296-1569
      View Details
    • Value Estimation
      $275,000
      1,104 SF

      1755 Hwy 138th SW

      OFFICE/RESIDENTIAL (MIXED USE) • 1,104 SF
      1755 Hwy 138th SW, Riverdale, GA 30296-1962
      View Details

    Similar Nearby for Sale

    • $650,000
      5 SF

      5.1 Acre Development Opportunity

      5.1 acres prime for residential townhome development.
      7471 Mcelroy Dr, Riverdale, GA 30296
      View Details
    • $280,000
      5 SF

      5.1 Acre Development Opportunity

      5.1 acres prime location for transformative project.
      7441 Mcelroy Dr, Riverdale, GA 30296
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    • $275,000
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      All-Brick Duplex in Riverdale, GA

      Solid duplex with income potential in Riverdale, Georgia.
      6105 Fayetteville Dr E, Riverdale, GA 30296
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    • $800,000
      1.54 Acres

      South Fulton Retail Land

      High-traffic, C-1 zoned land.
      0 Jonesboro Rd & Old National Hwy, Riverdale, GA 30296
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    • Contact for pricing
      0.18 Acres

      Riverdale Cul-de-Sac Lot

      Prime lot in Riverdale's Sugarcreek neighborhood, ideal for building.
      Sugarcreek Way, Riverdale, GA 30296
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    • Contact for pricing
      0.54 Acres

      Riverdale Office Building with Flexibility

      Well-located office building suitable for various professional uses.
      948 Hwy 138 Hwy, Riverdale, GA 30296
      View Details
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    7471 Mcelroy Dr, Unit Riverdale
    Riverdale, GA 30296
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    Realmo Value Estimation

    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.

    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.

    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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