Soundproofed Creative Production
New
For Sale
$484,000
934 Glenwood Ave SE, Atlanta, GA 30316
Professionally built creative workspace with private rooms, kitchen facilities, and controlled access near the Atlanta BeltLine.
Property Size1,320 SF
Price / SF$366.67
Days on Market4
Property Features for 934 Glenwood Ave SE
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
1
Additional Details
Highway Access
Yes
Amenities
secure building access
redundant power
kitchen
meeting space
soundproofed
Building Details
Year Built
2005
Listing Agency:
Bolst, Inc.
Listed By:
David Garrison · License #273222
(404) 668-4645
Source:
Leagrouprealestate
Added: Sep 5
Last Checked: Sep 8 at 12:20PM
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 Bolst, Inc.
Investment Insights
Based on property information with market context.
Suite 170 is a 1,320-square-foot creative space built for audio, video, editing, and post-production work. The interior contains nine soundproofed rooms with hard-capped ceilings, double-pane glass, added drywall, sound barrier strips, and enhanced insulation. A kitchen and meeting area support daily operations, while redundant power serves the building. One assigned covered parking space and secure entry for owners and clients are included.
The property is at 934 Glenwood Ave SE in Atlanta’s Ormewood Park, along the Atlanta BeltLine and within Glenwood Park. Dining, retail, grocery, and entertainment options surround the suite, including Gunshow and Madison Yards theatre. I-20 provides regional access, with East Atlanta, Grant Park, Reynoldstown, and Cabbagetown nearby. The suite was built in 2005 and is described as ready for immediate occupancy.
The property is at 934 Glenwood Ave SE in Atlanta’s Ormewood Park, along the Atlanta BeltLine and within Glenwood Park. Dining, retail, grocery, and entertainment options surround the suite, including Gunshow and Madison Yards theatre. I-20 provides regional access, with East Atlanta, Grant Park, Reynoldstown, and Cabbagetown nearby. The suite was built in 2005 and is described as ready for immediate occupancy.
Key Highlights
- 1,320 SF creative suite with nine soundproofed rooms
- Sound‑control construction includes hard‑capped ceilings, double‑pane glass, added drywall, barrier strips, and enhanced insulation
- Built for audio, video, editing, and post‑production operations
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
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Frequently Asked Questions
What type of property is this?
Creative space - Professionally built creative workspace with private rooms, kitchen facilities, and controlled access near the Atlanta BeltLine.
Where is this creative space located?
The property is located at 934 Glenwood Ave 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 soundproofed rooms; Sound‑control construction includes hard‑capped ceilings, double‑pane glass, added drywall, barrier strips, and enhanced insulation; Built for audio, video, editing, and post‑production operations
