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

    Johnson NW Rd Atlanta, GA 30318

    • Industrial land
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2021
    $650,000
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3559238
    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

    • Industrial land

    Property Details for Johnson NW Rd

    Lot size
    0.08 lot acres
    Zone code
    I1C
    Property type
    Industrial land
    APN
    17 0225 LL0376
    APU
    170225LL0376

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4392
    Latitude
    33.786
    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
    $4,480
    $0.00
    $4,480
    -
    $11,200
    $0.00
    $11,200

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      Bankhead NW Ave

      INDUSTRIAL - VACANT LAND • 0.24 Acres
      Bankhead NW Ave, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      13.70 Acres

      Woods NW St

      INDUSTRIAL - VACANT LAND • 13.70 Acres
      Woods NW St, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      0.19 Acres

      Scott NW St

      INDUSTRIAL - VACANT LAND • 0.19 Acres
      Scott NW St, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      0.67 Acres

      Seaboard Industrial NW Blvd

      INDUSTRIAL - VACANT LAND • 0.67 Acres
      Seaboard Industrial NW Blvd, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      2.90 Acres

      Fisher NW Ave

      INDUSTRIAL - VACANT LAND • 2.90 Acres
      Fisher NW Ave, Atlanta, GA 30318
      View Details
    • Value Estimation by Request
      0.35 Acres

      Marietta NW Rd

      INDUSTRIAL - VACANT LAND • 0.35 Acres
      Marietta NW Rd, Atlanta, GA 30318
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land Near Westside Park

      2.36 acres of industrial land near Westside Park.
      1789 Perry Blvd, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Industrial Land Near Future Beltline

      2.048 acres of industrial land near future development.
      1401 English St, Atlanta, GA 30318
      View Details
    • Contact for pricing

      2.68 Acres Zoned C-1 & I-2

      Land in two parcels with mixed zoning and future development potential.
      1915 Perry Blvd, Atlanta, GA 30318
      View Details
    • $280,000
      0.27 Acres

      Desirable Hills Park Land Opportunity

      Two adjacent lots for building in Hills Park neighborhood.
      1711 Marietta Rd, Atlanta, GA 30318
      View Details
    • $65,000
      0.24 Acres

      Residential Land in Almond Park

      Prime residential land parcel in Atlanta's Almond Park community.
      NW Lotus Ave, Atlanta, GA 30318
      View Details
    • $82,000
      0.90 Acres

      Vacant Land in Grove Park

      Large vacant lot near Westside Park and Atlanta Beltline.
      Newman Pl NW, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property for Lease

      Industrial property with outside storage opportunity in West Midtown.
      1575-1593 Huber St NW, Atlanta, GA 30318
      View Details
    • $18 SF/Yr

      West Midtown Restaurant Space

      Turnkey Commercial Kitchen, High-Demand Area
      800 Forrest St, Atlanta, GA 30318
      View Details
    • $3,999 /Mo
      51,222 SF

      Atlanta Commercial Lot For Rent

      Buildable lot suitable for parking, storage, or retail development.
      3070 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Atlanta Commercial Land - 3.35 Acres

      Prime Atlanta land, C-1 zoning, ideal for development.
      2790 Donald Lee Hollowell Pkwy, Atlanta, GA 30318
      View Details
    • $4,000 /Mo

      3.35 Acres in Atlanta, GA

      3.35 acres of land for rent in Atlanta, GA.
      2790 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
      View Details
    • Contact for pricing
      10,890 SF

      Midtown West Atlanta Parking Lot

      28 Spaces, Short-Term Lease Available
      663 11Th St, 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.
    Johnson NW Rd
    Atlanta, GA 30318
    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!