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    Property profile & analytics

    96 Park Ave Atlanta, GA 30315

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0860162
    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

    • Commercial real estate

    Property Details for 96 Park Ave

    Property type
    Commercial real estate
    APN
    14 005700060023

    Description

    This exceptional 6,490 square foot residential lot in Atlanta, Georgia, presents a remarkable opportunity for building a new home. Located at 96 Park Ave SE, in Fulton County (zip code 30315), this flat lot is zoned R-4 and boasts convenient access to all utilities – public streets, sewers, and water are readily available. The property includes a completed survey, site plan, and blueprints, streamlining the construction process. Building permits have been approved and are awaiting issuance. This is a prime location within a rapidly developing Atlanta neighborhood, close to the BeltLine trail, offering easy access to the vibrant amenities of the city. Nearby attractions include The Sawtell development (adjacent to the Southside BeltLine), Lakewood Amphitheatre (approximately one mile east), and numerous coffee shops, retail outlets, and businesses within walking distance. Residents will also enjoy the proximity to SouthBend Park, featuring a pool, playground, and dog park. An adjacent lot (100 Park Avenue) is also available for purchase. The asking price for this exceptional property is $85,000. APN: 14 005700060023.

    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
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.38578
    Latitude
    33.711716

    Comparable in this City

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      4.5 acres in Atlanta, zoned for multifamily development.
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      ±0.97 Acres, Prime Location
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    • $345,000
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      Renovated Duplex with ADU Potential

      Income-producing duplex in Atlanta with potential for additional dwelling unit.
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    • $625,000
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      Atlanta 3-Acre Commercial Land

      Prime Atlanta development land, 3 acres, OI zoning.
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    • $2,750,000
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      Prime Atlanta Land: 4.48 Acres

      Exceptional multi-family development opportunity in Atlanta.
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    Similar Nearby for Sale

    • $1,999,990
      0.91 Acres

      Atlanta Commercial Land - Prime Location

      0.91-acre lot, prime Atlanta location, high growth area.
      314 Mcdonough Blvd, Atlanta, GA 30315
      View Details
    • $2,750,000
      4.48 Acres

      Prime Atlanta Land: 4.48 Acres

      Exceptional multi-family development opportunity in Atlanta.
      0 Constitution Rd, Atlanta, GA 30315
      View Details
    • $880,000
      4.50 Acres

      Multifamily Development Opportunity in Atlanta

      4.5 acres in Atlanta, zoned for multifamily development.
      Jonesboro Rd SE, Atlanta, GA 30315
      View Details
    • $600,000
      0.97 Acres

      Atlanta Sylvan Hills Development Site

      ±0.97 Acres, Prime Location
      23 Scott St, Atlanta, GA 30315
      View Details
    • $345,000
      0.25 Acres

      Renovated Duplex with ADU Potential

      Income-producing duplex in Atlanta with potential for additional dwelling unit.
      2977 5Th St SW, Atlanta, GA 30315
      View Details
    • $625,000
      3.00 Acres

      Atlanta 3-Acre Commercial Land

      Prime Atlanta development land, 3 acres, OI zoning.
      2904 Springdale Rd, Atlanta, GA 30315
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Top Floor Unit

      Fully renovated unit with open floor plan and expansive deck.
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    • $1,850 /Mo
      130,680 SF

      Atlanta Land for Lease

      3-acre commercial land available for lease in Atlanta, GA.
      1057 Constitution Rd SW, Atlanta, GA 30315
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    • $0.18 SF/Yr
      17,000 SF

      Sawtell Ave SE Industrial Complex

      Four Buildings, 1.8 Acres, Flexible Space
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    • $14 SF/Yr
      300,204 SF

      Crossroads Shopping Center: Atlanta Retail

      High-traffic Atlanta retail space available.
      2091 Metropolitan Pkwy, Atlanta, GA 30315
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    • $1,875 /Mo
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      Commercial Space Near Lakewood Amphitheater

      Retail and office suites available near I-75/85 and downtown Atlanta.
      1917 Pryor Rd, Atlanta, GA 30315
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    • Contact for pricing

      Flex Building Near Grant Park

      Single tenant flex building in Peoplestown, near Grant Park.
      400 Grant Cir SE, Atlanta, GA 30315
      View Details
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    96 Park Ave
    Atlanta, GA 30315
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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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