Office Condo with Dual
For Sale
$324,900
920 Dannon View SW, Atlanta, GA 30331
Commercial Sale, Atlanta, GA
Property Size1,198 SF
Lot Size0.03 Acres
Price / SF$271.20
Days on Market724
Property Features for 920 Dannon View SW
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Business Park, Level, Near Public Transit
Directions
From Hartsfield - Jackson Airport take Camp Creek Pkwy to I-285 (North). Exit Cascade Rd., turn left, at 2nd traffic light turn left into the Cascade Business Park, make a left turn at stop sign and quick right. The unit is in the 2nd building on the right.
Standard status
Active
APN
14F0010 LL1150
Size
1,198 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
4006
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Flooring type
Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Apollo Associates Realty
(404) 753-7373
Listed By:
Jeffrey Hicks · License #152065
(404) 234-4994
Added: Sep 10, 2024
Changed: Aug 31
Last Checked: Sep 3 at 6:06PM
MLS# 10377407
Copyright © 2026 Georgia Multiple Listing Service. 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 1,198-square-foot office condo, built in 2006, offers a practical professional layout with a client reception area, two sizable private offices, a breakroom, and an ADA-compliant restroom. Front and rear entry points provide convenient access, while brick construction, carpeted floors, central heating, and central air support a finished office environment. The property also includes access to a parking lot, public water, public sewer, and cable availability.
The unit is within a business complex in Atlanta’s Cascade Road Business district and sits along a MARTA bus route. I-285 is readily accessible, with restaurants, the shops at Camp Creek, Hartsfield-Jackson airport, and downtown Atlanta identified in the surrounding area. The configuration is suited to professional office users seeking separate work areas and a dedicated client-facing setting.
The unit is within a business complex in Atlanta’s Cascade Road Business district and sits along a MARTA bus route. I-285 is readily accessible, with restaurants, the shops at Camp Creek, Hartsfield-Jackson airport, and downtown Atlanta identified in the surrounding area. The configuration is suited to professional office users seeking separate work areas and a dedicated client-facing setting.
Key Highlights
- 1,198‑square‑foot office condo with front and rear entrances
- Two large private offices plus a client waiting area
- ADA‑compliant restroom and dedicated breakroom
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
$16,043
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
4.94%
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%
$320,860
$320.9K
Cap Rate 7%
$229,186
$229.2K
Cap Rate 9%
$178,256
$178.3K
Market Conditions
NOI Build-Up for 1,198 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
$28.6K $23.87/SF
− Vacancy
−$7.2K −$6.02/SF
EGI
$21.4K $17.85/SF
− OpEx
−$5.3K −$4.46/SF
NOI
$16.0K $13.39/SF
Area
ZIP 30331
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%
$320,860
Cap Rate 7%
$229,186
Cap Rate 9%
$178,256
Alternative Uses
Best Use
Office B
$229.2K
$200.5K – $267.4K
NOI $16,043 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,442 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 30331, GA
60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
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 units - Professional suite with two private offices, waiting area, breakroom, and ADA-compliant restroom.
Where is this office units located?
The property is located at 920 Dannon View SW Atlanta, GA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,198‑square‑foot office condo with front and rear entrances; Two large private offices plus a client waiting area; ADA‑compliant restroom and dedicated breakroom
