Multi-Tenant Office
For Sale
$1,400,000
2692 Harris Street, Atlanta, GA 30344
Commercial Sale, Atlanta, GA
Property Size6,048 SF
Lot Size0.37 Acres
Price / SF$231.48
Days on Market186
Property Features for 2692 Harris Street
General Information
Property type
Residential
Property subtype
Office
Zoning
C1
Parking
60
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Business Park, Free Standing, Private
View
City
Directions
Use GPS
Standard status
Active
APN
14 013300200320
Size
6,048 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4216
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1969
Floors in Building
2
Building materials
Brick, Brick 4 Sides, Stucco
Roof type
Asbestos Shingle
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
DuJuan Mosely
(470) 774-9362
Added: Mar 1
Changed: Aug 19
Last Checked: Sep 3 at 3:06AM
MLS# 7727822
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 office property comprises two multi-tenant buildings with over 40 combined suites and 6,048 square feet of building area. The suite-oriented configuration supports multiple established businesses, while 90% occupancy and a reported 15% CAP rate provide measurable operating context. On-site parking, central heating and central air, brick and stucco construction, and an accessible approach with ramp are included. The buildings were constructed in 1969 and carry C1 zoning.
The property is approximately 7 minutes from Hartsfield-Jackson Atlanta International Airport and about 8 miles from Atlanta's Downtown core. Additional physical details include a 0.3662-acre site, a parking lot, cable availability, and an asbestos shingle roof. The layout and existing multi-suite format provide a defined office environment for the current tenant mix.
The property is approximately 7 minutes from Hartsfield-Jackson Atlanta International Airport and about 8 miles from Atlanta's Downtown core. Additional physical details include a 0.3662-acre site, a parking lot, cable availability, and an asbestos shingle roof. The layout and existing multi-suite format provide a defined office environment for the current tenant mix.
Key Highlights
- Two multi‑tenant office buildings with over 40 combined suites
- 90% occupied with a reported 15% CAP rate
- 6,048 square feet on a 0.3662‑acre site
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
$80,989
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
5.78%
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%
$1,619,780
$1.6M
Cap Rate 7%
$1,156,986
$1.2M
Cap Rate 9%
$899,878
$899.9K
Market Conditions
NOI Build-Up for 6,048 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
$144.4K $23.87/SF
− Vacancy
−$36.4K −$6.02/SF
EGI
$108.0K $17.85/SF
− OpEx
−$27.0K −$4.46/SF
NOI
$81.0K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,619,780
Cap Rate 7%
$1,156,986
Cap Rate 9%
$899,878
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,989 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,345 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings offer suite-based layouts, central HVAC, parking, and C1 zoning for professional commercial occupancy.
Where is this office building located?
The property is located at 2692 Harris Street Atlanta, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two multi‑tenant office buildings with over 40 combined suites; 90% occupied with a reported 15% CAP rate; 6,048 square feet on a 0.3662‑acre site
