West Midtown Flex Office
For Sale
$750,000
1422 Woodmont Lane NW, Atlanta, GA 30318
SINGLE_FAMILY - Atlanta, GA
Property Size2,800 SF
Lot Size0.06 Acres
Price / SF$267.86
Days on Market313
Property Features for 1422 Woodmont Lane NW
General Information
Property type
Residential
Property subtype
Retail
Zoning
I2
Parking
40
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater
Fencing
Fenced
Lot features
Business Park
Directions
GPS
Standard status
Active
APN
17 019200020430
Size
2,800 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6773
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
2
Building materials
Brick 4 Sides
Roof type
Flat
Listing Agency:
Keller Knapp
(404) 370-0092
Listed By:
Darren Comer
(678) 358-4321
Added: Oct 9, 2025
Changed: Apr 15
Last Checked: Aug 17 at 2:06AM
MLS# 7663550
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,800 square foot flex office retail space is available for purchase, suitable for an owner-user or investors. The property is located in the West Midtown market, moments from the Works at Chattahoochee mixed-use development. The area features adaptive reuse projects, luxury residential developments, and creative office spaces. The property is zoned I2 (Heavy Industrial), offering a range of permitted uses. The versatile layout is suited for a creative office, boutique retail showroom, or modern retail and warehouse use. A mezzanine level includes a kitchen and full bathroom, accommodating a live-work option. A new TPO roof was installed in 2021, and the HVAC system was replaced in 2016. The property can be sold as a fully leased investment, offering immediate income for the next four years with 3% annual escalations and a mark-to-market opportunity in 2029. West Midtown continues to deliver appreciation and growth, making this a strategic asset.
Key Highlights
- Prime location in the surging West Midtown market, moments from The Works at Chattahoochee mixed‑use development.
- Flexible I2 (Heavy Industrial) zoning allows for a vast range of permitted uses and long‑term adaptability.
- Versatile 2,800 sf flex space suited for creative office, boutique retail showroom, or modern retail and warehouse use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$715,480
$715.5K
Cap Rate 7%
$511,057
$511.1K
Cap Rate 9%
$397,489
$397.5K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.5K $21.60/SF
− Vacancy
−$5.4K −$1.94/SF
EGI
$55.0K $19.66/SF
− OpEx
−$19.3K −$6.88/SF
NOI
$35.8K $12.78/SF
Area
ZIP 30318
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$715,480
Cap Rate 7%
$511,057
Cap Rate 9%
$397,489
Alternative Uses
Best Use
Flex RnD
$511.1K
$447.2K – $596.2K
NOI $35,774 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Market
Vacancy Rate% for Industrial in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flavor Catering and Special — 1429 Fairmont Ave NW, Atlanta, GA 30318
- District Events & Catering — 1500 Southland Cir NW, Atlanta, GA 30318
- Jerry Dilts Professional Catering & Events — 1122 Old Chattahoochee Ave NW # A, Atlanta, GA 30318, United States
- Totally Tipsy — 1445 Woodmont Ln NW, Atlanta, GA 30318
- Stellow Coffee & Floral — 1500 Southland Cir NW Suite C, Atlanta, GA 30318
Frequently Asked Questions
What type of property is this?
Flex space - Premier 2,800 SF flex space in surging West Midtown.
Where is this flex space located?
The property is located at 1422 Woodmont Lane NW Atlanta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location in the surging West Midtown market, moments from The Works at Chattahoochee mixed‑use development.; Flexible I2 (Heavy Industrial) zoning allows for a vast range of permitted uses and long‑term adaptability.; Versatile 2,800 sf flex space suited for creative office, boutique retail showroom, or modern retail and warehouse use.
