Soundproofed Creative Production
For Sale
$484,000
934 Glenwood Avenue SE, Atlanta, GA 30316
Commercial Sale, Atlanta, GA
Property Size1,320 SF
Lot Size0.03 Acres
Price / SF$366.67
Days on Market237
Property Features for 934 Glenwood Avenue SE
General Information
Property type
Residential
Property subtype
Office
Zoning
PDMU
Parking
1
Parking features
Parking Lot, Covered
Security features
Security
Window features
Insulated Windows
Interior features
Restrooms, Reception Area, Low Flow Plumbing Fixtures
Fencing
Gate
Accessibility
Accessible Elevator Installed
Lot features
Business Park, Corner Lot, Free Standing
View
City, Park
Directions
From downtown Atlanta I-20 East to Bill Kennedy. Take a right to right on Glenwood and property is on the left.
Standard status
Active
APN
14 001200063278
Size
1,320 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4446
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchen
meeting space
redundant power
secure building access
Building Details
Year built
2005
Floors in Building
3
Building materials
Brick 4 Sides, Brick
Roof type
Asphalt
Listing Agency:
Bolst, Inc.
(404) 482-2293
Listed By:
DAVID GARRISON · License #273222
(404) 668-4645
Added: Jan 14
Changed: Sep 6
Last Checked: Sep 8 at 3:06PM
MLS# 7704734
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.
Suite 170 is a 1,320-square-foot creative workspace built for audio, video, and post-production operations. The interior contains nine sound-controlled rooms with hard-capped ceilings, double-pane windows, added drywall, sound barrier strips, and enhanced insulation. A kitchen, meeting area, reception area, restrooms, central HVAC, and accessible elevator are also provided. Redundant building power supports the suite, while one covered, gated parking space is assigned to the property.
The suite is located at 934 Glenwood Avenue SE in Atlanta’s Ormewood Park, along the Atlanta BeltLine and within the Glenwood Park mixed-use setting. Dining, retail, grocery, and entertainment options are nearby, including Madison Yards theatre and Gunshow. I-20 provides regional access, with East Atlanta, Grant Park, Reynoldstown, and Cabbagetown also identified in the surrounding area. The property carries PDMU zoning and includes secure building access for owners and clients.
The suite is located at 934 Glenwood Avenue SE in Atlanta’s Ormewood Park, along the Atlanta BeltLine and within the Glenwood Park mixed-use setting. Dining, retail, grocery, and entertainment options are nearby, including Madison Yards theatre and Gunshow. I-20 provides regional access, with East Atlanta, Grant Park, Reynoldstown, and Cabbagetown also identified in the surrounding area. The property carries PDMU zoning and includes secure building access for owners and clients.
Key Highlights
- 1,320 SF creative suite with nine individual soundproofed rooms
- Built‑out environment for audio, video, and post‑production operations
- Hard‑capped ceilings, double‑pane windows, sound barrier strips, and enhanced insulation
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
$17,676
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
3.65%
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%
$353,520
$353.5K
Cap Rate 7%
$252,514
$252.5K
Cap Rate 9%
$196,400
$196.4K
Market Conditions
NOI Build-Up for 1,320 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
$31.5K $23.87/SF
− Vacancy
−$7.9K −$6.02/SF
EGI
$23.6K $17.85/SF
− OpEx
−$5.9K −$4.46/SF
NOI
$17.7K $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%
$353,520
Cap Rate 7%
$252,514
Cap Rate 9%
$196,400
Alternative Uses
Best Use
Office B
$252.5K
$221.0K – $294.6K
NOI $17,676 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.0K
$322.9K – $430.5K
NOI $25,829 @ 7.0% cap · market cap 5.34%
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
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 30316, GA
33,625
Population
18,095
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,587
Density / Sq Mi
$96,491
Median Household Income
$61,116
Median Earnings
$1,570
Median Rent
$401,800
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?
Creative space - Professionally configured for audio, video, and post-production work with private rooms and client-facing areas.
Where is this creative space located?
The property is located at 934 Glenwood Avenue SE Atlanta, GA.
What is the asking price?
The asking price for this property is $484,000.
What are key features of this property?
This property features: 1,320 SF creative suite with nine individual soundproofed rooms; Built‑out environment for audio, video, and post‑production operations; Hard‑capped ceilings, double‑pane windows, sound barrier strips, and enhanced insulation
