Two-Level Restaurant and Bar
For Sale
Contact for pricing
12 W Peachtree Pl NW, Atlanta, GA 30308
Built-in kitchen equipment, bars, seating, and restrooms support restaurant operations across both levels.
Property Size2,526 SF
Price / SF$395.88
Days on Market137
Property Features for 12 W Peachtree Pl NW
General Information
Standard status
Active
Size
2,526 SF
Class
B
Property subtype
Retail, Hospitality
Zoning
SPI-1
Building Details
Year Built
1920
Units
1
Listing Agency:
Crye-Leike Commercial
(770) 209-1700
Listed By:
Matthew Levin · License #19351
Source:
Crexi
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Commercial
Investment Insights
Based on property information with market context.
This condominium restaurant unit occupies 2,526 SF across two levels within a circa-1920 brick building. The space was built out in 1999 and renovated in 2022, with hardwood flooring, exposed brick, custom bar millwork, pendant lighting, and a glazed storefront facing West Peachtree Place. The main floor includes an equipped commercial kitchen, dining area, full bar, and two restrooms; the upper floor adds seating, another full-service bar, and two restrooms. Built-in kitchen equipment includes a hood and walk-in cooler, with additional fixed items identified in the contract equipment schedule. Furniture, small wares, tableware, cookware, A/V, POS systems, décor, and other vacating tenant-owned items are excluded.
The property is positioned between Downtown and Midtown Atlanta, with a Walk Score of 90. An adjacent pay parking lot serves the property. The Atlanta Marriott Marquis, Hyatt Regency Atlanta, and Westin Peachtree Plaza are within a 3 to 4 minute walk, while major attractions and convention destinations are also nearby. Zoning is SPI-1.
The property is positioned between Downtown and Midtown Atlanta, with a Walk Score of 90. An adjacent pay parking lot serves the property. The Atlanta Marriott Marquis, Hyatt Regency Atlanta, and Westin Peachtree Plaza are within a 3 to 4 minute walk, while major attractions and convention destinations are also nearby. Zoning is SPI-1.
Key Highlights
- 2,526 SF condominium restaurant unit arranged across two levels
- Restaurant build‑out renovated in 2022 within a circa‑1920 brick building
- Equipped commercial kitchen with hood, walk‑in cooler, and other fixed equipment
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
$34,192
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
3.42%
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%
$683,840
$683.8K
Cap Rate 7%
$488,457
$488.5K
Cap Rate 9%
$379,911
$379.9K
Market Conditions
NOI Build-Up for 2,526 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
$48.5K $19.20/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$45.6K $18.05/SF
− OpEx
−$11.4K −$4.51/SF
NOI
$34.2K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$683,840
Cap Rate 7%
$488,457
Cap Rate 9%
$379,911
Alternative Uses
Best Use
Specialty Retail
$488.5K
$427.4K – $569.9K
NOI $34,192 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$208.4K
$182.3K – $243.1K
NOI $14,586 @ 7.0% cap · market cap 1.46%
Theoretical Best
Office A
$706.1K
$617.9K – $823.8K
NOI $49,428 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,044
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cafe Momo — 231 Peachtree St b71, Atlanta, GA 30303
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built-in kitchen equipment, bars, seating, and restrooms support restaurant operations across both levels.
Where is this conventional restaurant located?
The property is located at 12 W Peachtree Pl NW Atlanta, GA.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: 2,526 SF condominium restaurant unit arranged across two levels; Restaurant build‑out renovated in 2022 within a circa‑1920 brick building; Equipped commercial kitchen with hood, walk‑in cooler, and other fixed equipment
