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

    Martin Luther King Jr Dr Nw, GA

    • Strip malls
    • 6,640 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1251888
    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

    • Strip malls

    Property Details for Martin Luther King Jr Dr

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    6,640 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14 017300020372
    APU
    14017300020372

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nw
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4471
    Latitude
    33.7507
    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
    $5,225
    $40,240
    $85,960
    $126,200
    -
    $100,600
    $214,900
    $315,500

    Comparable in this City

    • Value Estimation by Request
      50,641 SF

      Ew

      SHOPPING CENTER, STRIP CENTER • 50,641 SF
      Ew, Conn, GA
      View Details
    • Value Estimation
      $385,000
      12,928 SF

      Liberty St, GA

      SHOPPING CENTER, STRIP CENTER • 12,928 SF
      Liberty St, GA
      View Details
    • Value Estimation
      $140,000
      6,000 SF

      Ledo Rd, GA

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      Ledo Rd, GA
      View Details
    • Value Estimation
      $935,000
      20,640 SF

      Norman Berry Dr, GA

      SHOPPING CENTER, STRIP CENTER • 20,640 SF
      Norman Berry Dr, GA
      View Details
    • Value Estimation
      $2,700,000
      47,100 SF

      Rainbow Way, GA

      SHOPPING CENTER, STRIP CENTER • 47,100 SF
      Rainbow Way, GA
      View Details
    • Value Estimation
      $2,305,000
      8,564 SF

      State Bridge

      SHOPPING CENTER, STRIP CENTER • 8,564 SF
      State Bridge, Rd, GA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,629 SF

      Retail Building Near Interstate I-75

      67,629 SF retail building on 9.6 acres near I-75.
      350 Cobb Pkwy, Ringgold, GA
      View Details
    • Contact for pricing
      8,379 SF

      Retail Space Near I-75

      Retail property near I-75 and Atlanta United practice facility.
      1060 Franklin Gtwy SE, Marietta, GA
      View Details
    • Contact for pricing
      2,600 SF

      Drive-Thru Equipped Retail Opportunity

      Retail property with drive-thru, located off Interstate 75.
      321 Ga-49, Byron, GA
      View Details
    • Contact for pricing
      5,895 SF

      Retail Property in Warner Robins

      Retail property available for sale in Warner Robins, Georgia.
      860 Hwy, Warner Robins, 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
    • $115,000
      1,036 SF

      Thomson Commercial Building For Sale

      Commercial building with 1,036 square feet of space.
      1385 Washington Rd, Thomson, GA
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,400 SF

      Retail Space in High-Traffic Area

      Retail space available in Walmart-anchored shopping center.
      3851 Evans To Lck Rd, Martinez, GA
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Medically Anchored Center

      Retail space available in high-visibility, medically anchored Cartersville center.
      11 Charley Harper Dr, Cartersville, GA
      View Details
    • $20 SF/Yr
      1,600 SF

      Retail Space in Savannah Center

      Retail space for lease in Food Lion anchored shopping center.
      109 Minus Ave, Savannah, GA
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Entertainment Complex

      Retail space in Publix-anchored center near Rigby's entertainment complex.
      1114 Hwy, Warner Robins, GA
      View Details
    • Contact for pricing
      3,382 SF

      Retail Space in Food Lion Center

      Retail spaces available in Food Lion anchored shopping center.
      207 E Mcpherson St, Nashville, GA
      View Details
    • Contact for pricing
      2,800 SF

      Retail Center Near I-75

      12,929 SF retail center located off I-75.
      1430 Hwy 82 W, Tifton, GA
      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.
    Martin Luther King Jr Dr
    Nw, GA
    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.