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Property profile & analytics
FOR LEASE
Office buildings
83 Walton St NW Atlanta, GA 30303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1240507
For Lease
1 / 8
$6,000/Mo
83 Walton St NW, Atlanta, GA 30303
View Listing →
Property summary
AI-generated overview
This stunning, renovated 1916 building at 83 Walton Street NW in Atlanta's Fairlie-Poplar Historic District offers 4,000,000 dollars of prime commercial real estate. Listed on the National Register of Historic Places, this single building on a 0.092-acre lot boasts high wood-beam ceilings and exposed brick, reflecting its rich history as the former home of Capricorn Records. The building's versatile layout is ideal for medical offices or executive suites, catering to a variety of business needs. Its central downtown location provides unparalleled access to top-tier universities like Georgia State University and Georgia Tech, ensuring a strong talent pool. The surrounding area is vibrant, with renowned restaurants and major attractions such as the College Football Hall of Fame and Georgia Aquarium within easy reach. This exceptional property presents a unique opportunity to own a piece of Atlanta's history while enjoying a prime commercial location. The building was originally known as The Massell Building and designed by architect Lodwick J. Hill, Jr.
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1916
Total area
21,484 SF
Lot
0.09 ac (3,964 SF)
Zoning code
SPI1
APN
14 007800120277
UPID
US22-1240507
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
Current use
Occupant on record · Public records
-
Iverson Studios & Salon Suites (Bike/Boat/Book/etc) Store Cosmetic Store
-
Phase 3 Marketing and Communications Advertising Agency Marketing & Advertising
-
Luxury Label Hair Co. Cosmetic Store Big Box & Wholesale Store
-
OBLA Atlanta Loan Service
-
Hernandez Towing Company Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.74M
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.69M
Owner & transaction history
Gls Walton LLC · 4 yrs held
Gls Walton LLC
since 2021
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
SPI1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.8M
+16.3%
Medical building
$5.8M
+16.1%
Auto repair, garage
$5.5M
+8.5%
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
$3,770,000
ML approach
$3,735,000
CAP Approach
CAP Return
Estimation
6%
$5,115,000
6.5%
$4,720,000
7%
$4,385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,845,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$5,840,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,455,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$4,820,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,790,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $3.63M (Oct 14 2021)
Last sale anchor
$3.63M
Oct 14 2021
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
$172 / 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
Tax billed
$60,552
Tax year 2023
Assessed value
$1,305,000
Assessed 2023
Previous assessed
$1,305,000
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$162,000
Assessed improvement
$1,143,000
Land market value
$405,000
Improvement market value
$2,857,500
Total market value
$3,262,500
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
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
For Lease
Year built
1916
Heating
YES
Cooling
YES
Stories
1
Total area
21,484 SF
Lot
0.09 ac (3,964 SF)
Zoning code
SPI1
APN
14 007800120277
UPID
US22-1240507
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GA
Zoning SPI1 · permitted uses
SPI1 · 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
OFFICE BUILDING Current
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1916
Heating
YES
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Gls Walton LLC
Entity
Mailing address
203 SAINT NICHOLAS CIR NW, ATLANTA, GA 30327-4983
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$3,625,000
Gls Walton LLC
Two Americas LLC
Warranty Deed
$2,900,000 · United Community Bank
Dec 4, 2017
$3,200,000
Two Americas LLC
Kme 83 Walton LLC
Grant Deed
—
Dec 17, 2014
$1,485,000
Kme-83 Walton LLC
Tpg Walton Street LLC
Grant Deed
—
Dec 17, 2014
—
Kme-83 Walton LLC
Tpg Walton Street LLC
Quit Claim Deed
related
$1,188,000 · Georgia Cmrc Bk
Sep 26, 2007
$1,750,000
Tpg Walton Street LLC
Walden Enterprises Lllp
Grant Deed
—
Sep 25, 2007
$1,750,000
Tpg Walton Street LLC
Walden,enterprises Lllp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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