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

    Westgate Pkwy Atlanta, GA 30336

    • Parking lots & garages
    • 9.02 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3561445
    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

    • Parking lots & garages

    Property Details for Westgate Pkwy

    Lot size
    9.02 lot acres
    Zone code
    M2
    Property type
    Parking lots & garages
    APN
    14F0136 LL0136
    APU
    14F0136LL0136

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.6
    Latitude
    33.7106
    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
    $8,651
    $243,560
    $24,880
    $268,440
    -
    $608,900
    $62,200
    $671,100

    Comparable in this City

    • Value Estimation
      $255,000
      1.00 Acre

      4255 Fulton Industrial SW Blvd

      PARKING LOT • 1.00 Acre
      4255 Fulton Industrial SW Blvd, Atlanta, GA 30336
      View Details
    • Value Estimation
      $240,000
      0.11 Acres

      140 Enterprise SW Blvd

      PARKING LOT • 0.11 Acres
      140 Enterprise SW Blvd, Atlanta, GA 30336-2106
      View Details
    • Value Estimation
      $270,000
      2.04 Acres

      Boat Rock Blvd

      PARKING LOT • 2.04 Acres
      Boat Rock Blvd, Atlanta, GA 30336
      View Details
    • Value Estimation
      $810,000
      40,896 SF

      100 Wendell SW Ct

      PARKING LOT • 40,896 SF
      100 Wendell SW Ct, Atlanta, GA 30336-1725
      View Details
    • Value Estimation
      $5,500,000
      0.67 Acres

      4200 Fulton Industrial SW Blvd

      PARKING LOT • 0.67 Acres
      4200 Fulton Industrial SW Blvd, Atlanta, GA 30336-1925
      View Details
    • Value Estimation
      $345,000
      3.84 Acres

      8285 Tradewater Pkwy

      PARKING LOT • 3.84 Acres
      8285 Tradewater Pkwy, Atlanta, GA 30336
      View Details

    Similar Nearby for Sale

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      1.16 Acres

      Atlanta Industrial Garage - $850K

      Spacious Atlanta garage, 6,840 sq ft, 19 parking spaces.
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      0.43 Acres

      Ellijay, GA Vacant Mountain Lot

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    • $120,000

      1.79 Acres Wooded Land Atlanta

      1.79-acre wooded property near Fulton Industrial Blvd, Atlanta.
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      31,310 SF

      Fulton Industrial Freestanding Building

      31,310 SF industrial building in Fulton Industrial area.
      140 Mendel Dr SW, Atlanta, GA 30336
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    • Contact for pricing
      65,327 SF

      Industrial Space Near Fulton Industrial

      64,505 SF available near I-20 and I-285.
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    • $55,000
      0.98 Acres

      Residential Land in Cascade Area

      Residential land lot in the Cascade area on Butner Road.
      2617B SW Butner Rd SW, Atlanta, GA 30336
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,400 SF

      Automotive Shop Space Available

      1,400 SF shop space with two bays for lease.
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    • Contact for pricing
      10,707 SF

      Camp Creek Retail Space Available

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    • Contact for pricing
      213,000 SF

      Industrial Space with CSX Rail

      85,973 SF industrial space available for sublease.
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    • Contact for pricing
      4,665 SF

      Atlanta Industrial Space for Lease

      Industrial space available in established Atlanta industrial area.
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      95,400 SF

      Atlanta Warehouse: 95,400 SF

      Prime Atlanta industrial space, ready for occupancy.
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      View Details
    • Contact for pricing
      33,430 SF

      Atlanta Warehouse: 33,430 SF

      Prime Fulton Industrial Blvd warehouse space.
      5950 Fulton Industrial Blvd, Atlanta, GA 30336
      View Details
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    Westgate Pkwy
    Atlanta, GA 30336
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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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