Office/Retail Building with
For Sale
$5,500,000
935 Chattahoochee Ave NW, Atlanta, GA 30318
25,600 SF building with office, retail, and warehouse space.
Property Size25,600 SF
Lot Size1.12 Acres
Price / SF$214.84
Days on Market96
Property Features for 935 Chattahoochee Ave NW
General Information
Standard status
Active
Size
25,600 SF
Lot size
1.12 Acres
Property subtype
Retail
Building Details
Year Built
1944
Listing Agency:
(404) 451-3678
Listed By:
Eric T. Smith, MBA
(404) 451-3678
Source:
Naiglobal
Added: May 14
Changed: Jul 10
Last Checked: Aug 16 at 4:43AM
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 Eric T. Smith, MBA
Investment Insights
Based on property information with market context.
This 25,600 square foot building is available for sale. It features 8,000 square feet of office and retail space and 17,000 square feet of warehouse space. The building is equipped with a sprinkler system and has a ceiling height of 12 to 14 feet. It is situated on a 1.12-acre lot with 40 surface parking spaces. The roof was replaced in 2021. The property is zoned I2 by the City of Atlanta. Built in 1944, the building has dimensions of 290 feet deep by 972 feet wide and has 600 amp 3 phase high leg electric.
Key Highlights
- Large 25,600 SF Office/Retail/Warehouse Building
- Boasts 17,000 SF of Warehouse Space
- I2 Zoning (City of Atlanta)
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
$360,074
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
6.55%
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%
$7,201,480
$7.2M
Cap Rate 7%
$5,143,914
$5.1M
Cap Rate 9%
$4,000,822
$4.0M
Market Conditions
NOI Build-Up for 25,600 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
$562.2K $21.96/SF
− Vacancy
−$47.8K −$1.87/SF
EGI
$514.4K $20.09/SF
− OpEx
−$154.3K −$6.03/SF
NOI
$360.1K $14.07/SF
Area
ZIP 30318
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$7,201,480
Cap Rate 7%
$5,143,914
Cap Rate 9%
$4,000,822
Alternative Uses
Best Use
Retail
$5.14M
$4.50M – $6.00M
NOI $360,074 @ 7.0% cap · market cap 6.55%
Second Best
Mixed Use
$4.94M
$4.32M – $5.76M
NOI $345,600 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $500,933 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
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?
Mixed-use property - 25,600 SF building with office, retail, and warehouse space.
Where is this mixed-use property located?
The property is located at 935 Chattahoochee Ave NW Atlanta, GA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Large 25,600 SF Office/Retail/Warehouse Building; Boasts 17,000 SF of Warehouse Space; I2 Zoning (City of Atlanta)
