Two Multi-Tenant Office
For Sale
$1,400,000
2692 Harris Street, Atlanta, GA 30344
SINGLE_FAMILY - Atlanta, GA
Property Size6,048 SF
Lot Size0.37 Acres
Price / SF$231.48
Days on Market163
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 4
Last Checked: Aug 11 at 8:06AM
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 offering features two multi-tenant office buildings with over 40 combined suites and functional suite layouts designed to support a range of established office users. The property is currently 90% occupied, offering in-place income while retaining leasing flexibility across the suite mix. The site provides over 60 parking spaces, supporting everyday tenant and client access.
Zoned C1, the property is located at 2692 Harris Street in Atlanta, Fulton County. It is described as being about 7 minutes from Hartsfield-Jackson Atlanta International Airport and approximately 8 miles from Atlanta’s downtown core, providing convenient accessibility for business activity tied to the airport and surrounding market.
With a total building size of 6,048 square feet on a 0.3662-acre lot, this asset is positioned as a value-add investment with continued leasing and rental growth potential, supported by the current occupancy and diversified business tenancy.
Zoned C1, the property is located at 2692 Harris Street in Atlanta, Fulton County. It is described as being about 7 minutes from Hartsfield-Jackson Atlanta International Airport and approximately 8 miles from Atlanta’s downtown core, providing convenient accessibility for business activity tied to the airport and surrounding market.
With a total building size of 6,048 square feet on a 0.3662-acre lot, this asset is positioned as a value-add investment with continued leasing and rental growth potential, supported by the current occupancy and diversified business tenancy.
Key Highlights
- High‑yield investment opportunity with a 15% CAP rate and strong cash flow.
- 90% occupancy with a diverse mix of established businesses.
- Strategic location 7 minutes from Hartsfield‑Jackson Atlanta International Airport.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two multi-tenant office buildings with functional suite layouts and 60+ parking spaces, currently 90% occupied.
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: High‑yield investment opportunity with a **15% CAP rate** and strong cash flow.; 90% occupancy with a diverse mix of established businesses.; Strategic location 7 minutes from Hartsfield‑Jackson Atlanta International Airport.
