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    The Largest CRE Database in the US with Over 1 Million Listings

    83 Walton St NW, Unit 400 Atlanta, GA 30303

    Sponsored
    For Lease
    $6,500 /Mo ($19 SF/Yr)

    COMMERCIAL - Atlanta, GA

    Type:Office
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 8:06 pm

    Property Features for 83 Walton St NW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Window features
    Wood Frames, Skylight(s), Insulated Windows
    Zoning
    c-2
    Parking features
    On Street
    Interior features
    Reception Area
    Accessibility
    Accessible Elevator Installed
    Lot size
    0.09 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Floors in Building
    3
    Flooring type
    Carpet, Hardwood
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jessica Booth

    Chapman Hall Realtors (404) 236-0043

    Listing agent Jessica Booth (770) 696-3443

    Listing date Feb 3, 2026

    MLS# 7713554

    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.

    Learn more

    Property Insight Report

    Overview

    Historic Downtown Atlanta Office Space

    Located in the heart of Downtown Atlanta's Fairlie Poplar Historic District, 83 Walton Street is a renovated historic row building, originally constructed in 1916. The property, originally known as the Massell Building and designed by architect Lodwick J. Hill, Jr., is listed on the National Register of Historic Places. The building blends architectural character with modern usability. The space features high wood-beam ceilings, exposed brick walls, and large windows that provide natural light. The fourth floor offers a layout suitable for law firms, architecture firms, consulting groups, tech companies, and other professional service providers. The space allows for patient flow design, private treatment rooms, reception areas, and administrative offices, making it suitable for a dental or boutique medical office. The open loft-style architecture, exposed structural elements, and ceiling height make this floor attractive for a coworking operator or collaborative workspace environment. The building aligns well with creative professionals, startups, and entrepreneurs. Tenants benefit from access to dining and hospitality destinations, along with attractions including the Georgia Aquarium, World of Coca-Cola, College Football Hall of Fame, and the National Center for Civil and Human Rights. The property is located next door to Georgia State University and minutes from Georgia Institute of Technology. The entire fourth floor is available for lease. Previously occupied by an architecture firm, the space offers flexibility for professional office build-outs, medical conversion, or an open coworking layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iverson Studios & Salon ... (Bike/Boat/Book/etc) Store Phase 3 Marketing ... Advertising Agency Luxury Label Hair ... Cosmetic Store OBLA Atlanta Loan Service Hernandez Towing Company Auto Repair Shop

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Restaurant Daycare Center Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.390952
    Latitude
    33.756917

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    FAQs

    What type of property is this?
    Office space - Renovated historic building with modern usability in vibrant downtown location.
    Where is this office space located?
    The property is located at 83 Walton St NW, Unit 400 Atlanta, GA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Atlanta location in the Fairlie-Poplar Historic District; - Listed on the National Register of Historic Places, featuring unique architectural character, including **high wood-beam ceilings and exposed brick walls**; - Flexible space suitable for various uses
    (770) 696-3443
    Request Owner's contact information
    83 Walton St NW, Unit 400 Atlanta, GA 30303
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    Atlanta, GA 30303
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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
    83 Walton St NW, Unit 400 Atlanta, GA 30303
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    We can help!
    Listing Contact
    Jessica Booth
    (770) 696-3443
    Learn more
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