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    Class A Office Tower Atlanta Title is generated by Realmo AI

    50 Hurt Plaza SE, Atlanta, GA 30303

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    Landmark 1913 building, renovated in 2018, in downtown Atlanta.

    Type:Office
    Property size:
    446,707 SF
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 1 at 11:52 am

    Property Features for 50 Hurt Plaza SE

    General Information

    Standard status
    Active
    Size
    446,707 SF
    Property subtype
    Office

    Building Details

    Year Built
    1913

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    Listing Contact
    Ralph Smalley

    Listing agent Ralph Smalley

    Listing office

    Listing date Apr 1, 2026

    Source Franklinst

    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 Ralph Smalley

    HighLights

    • Class A office tower in the heart of Downtown Atlanta's Central Business District.
    • Landmark 1913 construction with comprehensive 2018 renovation, blending historic character with modern amenities.
    • Anchored by Grady Health System and Morehouse School of Medicine with long‑term leases.
    • Significant recent upgrades including renovated lobby, penthouse amenity floor, fitness center, and conference facilities.
    • LEED EB Platinum, BOMA 360, and Energy Star certified building.
    • Walk Score of 95 providing immediate access to retail, dining, hospitality, and transit.

    Overview

    The Hurt Building is an 18-story, 446,707 square foot Class A office tower situated at 50 Hurt Plaza SE in downtown Atlanta's Central Business District. Originally constructed in 1913 and comprehensively renovated in 2018, the property combines historic architectural character with modernized building systems and contemporary tenant amenities. The building is 58 percent occupied, presenting an immediate lease-up opportunity across approximately 44 percent vacancy. Anchored by Grady Health System and Morehouse School of Medicine, with leases extending through 2029 and 2034, the diversified 49-tenant roster spans healthcare, legal, nonprofit, government, and professional services. Recent leasing activity includes over 96,000 square feet following capital improvements. Significant recent upgrades include a renovated lobby, penthouse amenity floor, fitness center, and conference facilities. Parking is available at a ratio of 2.0 per 1,000 square feet with an adjacent multi-level parking garage. The building is LEED EB Platinum, BOMA 360, and Energy Star certified. A Walk Score of 95 provides immediate access to retail, dining, hospitality, and transit. It offers direct access to Interstates 75, 85, and 20, with proximity to multiple MARTA rail stations. The location is near major demand drivers including Georgia State University, Centennial Yards, Mercedes Benz Stadium, and State Farm Arena.
    Location Intelligence

    Current Use by Public Records

    The Men's Style Concierge™ (Bike/Boat/Book/etc) Store Sages Networks (Bike/Boat/Book/etc) Store JLR Plumbing Plumbing Service Paul D. Hermann ... Law Firm Randy Weaver: Allstate ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3877929
    Latitude
    33.7540397

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    FAQs

    What type of property is this?
    Office building - Landmark 1913 building, renovated in 2018, in downtown Atlanta.
    Where is this office building located?
    The property is located at 50 Hurt Plaza SE Atlanta, GA.
    What are key features of this property?
    This property features: Class A office tower in the heart of Downtown Atlanta's Central Business District.; Landmark 1913 construction with comprehensive 2018 renovation, blending historic character with modern amenities.; Anchored by Grady Health System and Morehouse School of Medicine with long‑term leases.
    (737) 238-5357
    We can help!
    Listing Contact
    Ralph Smalley
    Learn More
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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.

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