Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    993 Forest Ave Forest Park, GA 30297
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    993 Forest Ave Forest Park, GA 30297

    View on Map
    • Day care centers
    • 5,830 SF
    • 0.37 lot acres
    For Sale
    $2,000,000
    View Listing →
    Special Purpose For Sale
    $2,000,000
    9,630 SF

    Special Purpose

    Day care centers · 9,630 SF

    993 Forest Avenue, Forest Park, GA 30297
    View Listing
    Property ID
    US22-1686689
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Unity Farm Stand and Market / Specialty Food Shop / Farmer's Market
    • Little Ones Learning Center / High School / Daycare Center

    Property Details for 993 Forest Ave

    Year built
    1965
    Lot size
    0.37 lot acres
    Property size
    5,830 SF
    Zone code
    C
    Property type
    Day care centers
    APN
    13-049A- A-007
    APU
    13049AA007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3576
    Latitude
    33.6232
    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
    $5,782
    $16,160
    $148,240
    $164,400
    -
    $40,400
    $370,600
    $411,000

    Comparable in this City

    • Value Estimation by Request
      840 SF

      4829 Hazel St

      DAY CARE, PRE-SCHOOL • 840 SF
      4829 Hazel St, Forest Park, GA 30297
      View Details
    • Value Estimation by Request
      1,773 SF

      4959 Ww St

      DAY CARE, PRE-SCHOOL • 1,773 SF
      4959 Ww St, Forest Park, GA 30297-2205
      View Details
    • Value Estimation
      $1,030,000
      11,098 SF

      4405 Jonesboro Rd

      DAY CARE, PRE-SCHOOL • 11,098 SF
      4405 Jonesboro Rd, Forest Park, GA 30297-3540
      View Details
    • Value Estimation by Request
      1,860 SF

      702 Main St

      DAY CARE, PRE-SCHOOL • 1,860 SF
      702 Main St, Forest Park, GA 30297-1422
      View Details
    • Value Estimation by Request
      1,726 SF

      957 Astor Ave

      DAY CARE, PRE-SCHOOL • 1,726 SF
      957 Astor Ave, Forest Park, GA 30297-3530
      View Details
    • Value Estimation by Request
      780 SF

      4826 Courtney Dr

      DAY CARE, PRE-SCHOOL • 780 SF
      4826 Courtney Dr, Forest Park, GA 30297-3820
      View Details

    Similar Nearby for Sale

    • $2,000,000
      9,630 SF

      993 Forest Avenue, Forest Park, GA 30297

      Day care centers • 9,630 SF
      993 Forest Ave, Forest Park, GA 30297
      View Details
    • $5,000,000
      7,000 SF

      Commercial Property on Jonesboro Road

      Commercial property for sale with frontage on Jonesboro Road.
      4666 Jonesboro Rd, Forest Park, GA 30297
      View Details
    • Contact for pricing
      1,043 SF

      Retail Investment Opportunity in Forest

      Retail investment property with two tenants and high visibility.
      6324 Old Dixie Hwy, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Atlanta MSA Specialty Property

      Specialty property available for sale in Forest Park, Georgia.
      Atlanta Msa, Forest Park, GA 30297
      View Details
    • Contact for pricing

      South Atlanta Commercial Property

      6,323 SF commercial property for sale in South Atlanta.
      5755 Old Dixie Hwy, Forest Park, GA 30297
      View Details
    • Contact for pricing
      5,000 SF

      Two-Story Building Near Airport

      5,000 SF building close to I-85 and I-285.
      525 Forest Pkwy, Forest Park, GA 30297
      View Details

    Similar Nearby for Lease

    • New
      $1,275 /Mo
      4,008 SF

      Commercial Building in Forest Park

      Commercial building with flexible layout in a convenient location.
      5279 Springdale Rd, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Industrial Building with Fenced Parking

      Multi-tenant industrial building with I-75 visibility in Forest Park.
      5442 Frontage Rd, Forest Park, GA 30297
      View Details
    • $1,350 /Mo
      148,104 SF

      Versatile Retail Storefront in Forest Park

      Retail space suitable for various customer-facing businesses.
      4035 Jonesboro Rd, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Industrial Space Near Airport

      Industrial space available for lease near Hartsfield-Jackson Airport.
      5286 Georgia Highway 85, Forest Park, GA 30297
      View Details
    • Contact for pricing

      Industrial Building with Outside Storage

      2,000 SF industrial building on 2.20 acres for lease.
      87 Royal Dr, Forest Park, GA 30297
      View Details
    • $8 SF/Yr
      164,140 SF

      Industrial Space For Sublease

      20,760 SF industrial space available for sublease in 60 days.
      5324 Georgia 85, Forest Park, GA 30297
      View Details
    View Listing
    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.
    993 Forest Ave
    Forest Park, GA 30297
    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.
    Sign Up Successful!
    You now have access to more from Realmo!