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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Burrell Ct, GA

    • Garden apartment buildings
    • 3.12 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2020
    $700,000
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2397699
    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

    • Garden apartment buildings

    Property Details

    Lot size
    3.12 lot acres
    Zone code
    CBD
    Property type
    Garden apartment buildings
    APN
    20016701100
    APU
    20016701100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $610,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burrell Ct
    County
    Cobb
    State
    Georgia
    Longitude
    -84.615
    Latitude
    34.018
    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
    $180,966
    $483,084
    $5,519,120
    $6,002,204
    -
    $1,207,710
    $13,797,800
    $15,005,510

    Comparable in this City

    • Value Estimation
      $490,000
      176,985 SF

      Cres Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 176,985 SF
      Cres Pkwy, Se, GA
      View Details
    • Value Estimation by Request
      11,872 SF

      Martin Luther King Jr Dr

      GARDEN APT, COURT APT (5+ UNITS) • 11,872 SF
      Martin Luther King Jr Dr, Sw, GA
      View Details
    • Value Estimation
      $300,000
      35,904 SF

      Brumby St, GA

      GARDEN APT, COURT APT (5+ UNITS) • 35,904 SF
      Brumby St, GA
      View Details
    • Value Estimation
      $255,000
      2.32 Acres

      Eastside Dr

      MOBILE HOME PARK, TRAILER PARK • 2.32 Acres
      Eastside Dr, Se, GA
      View Details
    • Value Estimation
      $275,000
      15.20 Acres

      Sandtown Rd, GA

      MOBILE HOME PARK, TRAILER PARK • 15.20 Acres
      Sandtown Rd, GA
      View Details
    • Value Estimation by Request
      0.50 Acres

      Us-41

      Land • 0.50 Acres
      0 Us-41, Hahira, GA undefined
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,450 SF

      Prime Atlanta Office Building

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      View Details
    • $600,000

      Macon Commercial Land Available

      3.224 acres of M-1 zoned land with utilities.
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      Commercial Land Parcel Available

      Commercial land for sale, ground lease, or build-to-suit.
      1851 Us 82, Tifton, GA
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    • $1,327,500

      Land with I-85 Frontage

      Commercial land with high traffic and development potential.
      85 Whitworth Rd & Hwy, Lavonia, GA
      View Details
    • $415,000
      4,800 SF

      Restaurant, Laundromat, and Mini-Storage Property

      4,800 SF property with restaurant, laundromat, and mini-storage.
      4151 Bath-Edie Rd, Hephzibah, GA
      View Details
    • $11,000,000

      Land Near Power Substation

      Land suitable for solar energy project near power substation.
      2591 Randall Hunt Rd, Thomson, GA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,168 SF

      Creative/Flex Space with Ample Parking

      Creative/Flex space in urban location with exceptional amenities and parking.
      120 Interstate Pkwy N, Atlanta, GA
      View Details
    • Contact for pricing
      376,245 SF

      LakePoint Commerce Center Distribution Hub

      Prime distribution location near I-75 in Northwest Georgia.
      780 Lake Point Pkwy, Cartersville, GA
      View Details
    • Contact for pricing
      2,908 SF

      Class A Office Space Available

      Class A office space for rent in Johns Creek.
      6470 E Johns Xing, Johns Creek, GA
      View Details
    • Contact for pricing
      305,000 SF

      New Warehouse Facility Near I-75

      306,378 SF warehouse with easy I-75 access.
      460 Joe Frank Harris Pkwy, Emerson, GA
      View Details
    • Contact for pricing
      84,920 SF

      Industrial Parcel with Bottling Facility

      19.73-acre industrial parcel with two buildings for lease.
      6341 Natures Way, Grovetown, GA
      View Details
    • Contact for pricing
      249,413 SF

      Class A Industrial Development

      Class A industrial space for lease in Bloomingdale, GA.
      & I-16 Jimmy Deloach Pkwy, Bloomingdale, GA
      View Details
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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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