Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    968 Image NW Ave Atlanta, GA 30318-5510

    • Warehouses
    • 2,400 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2023
    $1,569,900
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2413531
    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

    • Super Atlanta Mobile Mechanic / Auto Repair Shop

    Property Details for 968 Image NW Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    2,400 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    17 015000080806
    APU
    17015000080806

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,320,000
      ML approach
      $1,360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,070,000
      Market price range: $324k - $1.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $805,000
      Current use
      OFFICE BUILDING
      $895,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4103
    Latitude
    33.7812
    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
    $0.00
    $46,680
    $92,360
    $139,040
    -
    $116,700
    $230,900
    $347,600

    Comparable in this City

    • Value Estimation
      $300,000
      2,880 SF

      1263 Ellsworth NW Dr

      WAREHOUSE, STORAGE • 2,880 SF
      1263 Ellsworth NW Dr, Atlanta, GA 30318-4105
      View Details
    • Value Estimation
      $685,000
      68,675 SF

      1506 Howell Ml NW Rd

      MINI-WAREHOUSE, STORAGE • 68,675 SF
      1506 Howell Ml NW Rd, Atlanta, GA 30318-7653
      View Details
    • Value Estimation
      $700,000
      35,065 SF

      1271 Tacoma NW Dr

      WAREHOUSE, STORAGE • 35,065 SF
      1271 Tacoma NW Dr, Atlanta, GA 30318-4145
      View Details
    • Value Estimation
      $910,000
      47,129 SF

      2235 Defoor Hls NW Rd

      WAREHOUSE, STORAGE • 47,129 SF
      2235 Defoor Hls NW Rd, Atlanta, GA 30318-2203
      View Details
    • Value Estimation
      $805,000
      109,090 SF

      1280 Chattahoochee NW Ave

      WAREHOUSE, STORAGE • 109,090 SF
      1280 Chattahoochee NW Ave, Atlanta, GA 30318-3649
      View Details
    • Value Estimation
      $870,000
      60,126 SF

      890 Chattahoochee NW Ave

      MINI-WAREHOUSE, STORAGE • 60,126 SF
      890 Chattahoochee NW Ave, Atlanta, GA 30318-7656
      View Details

    Similar Nearby for Sale

    • $5,669,560
      21,806 SF

      Atlanta Warehouse: $5.6M

      Midtown West industrial warehouse, 21,806 SF
      1610 Southland Cir, Atlanta, GA 30318
      View Details
    • Contact for pricing
      80,586 SF

      Atlanta Warehouse Property for Sale

      1.85 acres in Atlanta near future Beltline expansion.
      1475 Old Chattahoochee Ave NW, Atlanta, GA 30318
      View Details
    • $2,200,000
      6,900 SF

      West Midtown Industrial Property

      Atlanta Flex Space, Redevelopment Opportunity
      1385 English St, Atlanta, GA 30318
      View Details
    • Contact for pricing
      0.89 Acres

      Prime Atlanta Bishop Street Property

      0.89-acre development site, I-1 zoning.
      489 Bishop St, Atlanta, GA 30318
      View Details
    • Contact for pricing

      West Midtown Atlanta Land - 2.36 Acres

      Prime 2.36-acre industrial land, ideal for development.
      1789 Perry Blvd, Atlanta, GA 30318
      View Details
    • Contact for pricing
      25,312 SF

      Industrial Property in Beltline Overlay

      25,312 SF industrial property with income potential.
      1303 Boyd Ave, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Atlanta Industrial Property: 7,500 SF

      Prime Atlanta manufacturing/distribution space.
      2132 James Jackson Pkwy, Atlanta, GA 30318
      View Details
    • Contact for pricing
      70,000 SF

      Atlanta Industrial Property: 70,000 SF

      Prime Atlanta manufacturing/warehouse space. Two suites available.
      1231 Collier Rd, Atlanta, GA 30318
      View Details
    • Contact for pricing
      78,700 SF

      Southland Circle Warehouse Space

      Prime Fulton County warehouse; 10,934 SF available.
      1500 Southland Cir, Atlanta, GA 30318
      View Details
    • $17 SF/Yr
      5,600 SF

      Woodmont Lane Executive Office/Warehouse

      Prime 5,600 SF Office/Warehouse Space
      1422 Woodmont Ln, Atlanta, GA 30318
      View Details
    • $8,000 /Mo
      27,650 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease near I-75 in Atlanta.
      Atlanta, GA 30318
      View Details
    • Contact for pricing
      7,856 SF

      Office/Flex/Retail/Warehouse Space Available

      7,856 SF space for lease with convenient beltline access.
      1257 Marietta Blvd NW, Atlanta, GA 30318
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    968 Image NW Ave
    Atlanta, GA 30318-5510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.