Retail Space Near Interstate
2517 Gresham SE Road Atlanta, GA 30316
For Sale
$450,000
Pending
Retail space with high visibility and recent updates.
Property Size3,420 SF
Lot Size1.00 Acres
Days on Market534
Property Features for 2517 Gresham SE Road
General Information
Standard status
Pending
Size
3,420 SF
Lot size
1.00 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1963
Listing Agency:
Keller Williams Realty Atlanta Partners
(678) 805-7576
Listed By:
Anthony Hippeli · License #267777
(678) 805-7576
Source:
Exitrealty
Added: Feb 11, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:35AM
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 Keller Williams Realty Atlanta Partners
Investment Insights
Based on property information with market context.
This property features 3,420 square feet of retail space. It is located off I-20 at Exit #63 westbound and Exit #62 eastbound, and is situated 0.4 miles from a Walmart Supercenter. The space is currently divided into two units, as shown in the floor plans. The property includes ample parking. It is an end unit with additional space on the side of the building suitable for constructing a fence and storing work trucks or equipment. The interior has been recently updated with painted and polished concrete floors, and includes four finished bathrooms in total, as well as newer HVAC units. The property offers street visibility and is suitable for a small business owner. The average daily traffic count is 16,400.
Key Highlights
- High traffic location with 16,400 average daily traffic and street visibility
- 3420 sqft retail space, offering flexible usage as it is currently divided into two spaces
- Conveniently located off I‑20 (Exits 63 and 62) and near a Walmart Supercenter
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $18.00 |
| − Vacancy | −$4.6k | −$1.35 |
| EGI | $56.9k | $16.65 |
| − OpEx | −$17.1k | −$5.00 |
| NOI | $39.9k | $11.66 |
3,420 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$569.4K
$498.3K – $664.3K
NOI $39,860 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.0K
$836.5K – $1.12M
NOI $66,921 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility and recent updates.
Where is this retail space located?
The property is located at 2517 Gresham SE Road Atlanta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High traffic location with 16,400 average daily traffic and street visibility; 3420 sqft retail space, offering flexible usage as it is currently divided into two spaces; Conveniently located off I‑20 (Exits 63 and 62) and near a Walmart Supercenter
