Historic Brick Flex
For Sale
$1,065,000
136 Walker Street Southwest, Atlanta, GA 30313
Three-level loft with live-work, retail, and multifamily conversion options.
Property Size5,560 SF
Price / SF$191.55
Days on Market194
Property Features for 136 Walker Street Southwest
General Information
Standard status
Active
Size
5,560 SF
Total Parking Spaces
2
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$14,822
Amenities
Renovated Kitchen
wood floors
Zoned
Forced Air, Natural Gas, Zoned
Driveway Access, Exterior Entry, Full, Interior Entry, Unfinished
Carpet, Hardwood
Brick/Mortar, Slab
Three Or More
Insulated Windows
High Ceilings 10 or Greater, Living Space Available, Reception Area, Restrooms
Flat, Other
Overhead Door, Other
No
Paved
2
City Street
Accessible Entrance, Accessible Hallway(s)
Brick 4 Sides, Frame
Building Details
Year Built
1925
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Coldwell Banker Residential Brokerage
(404) 434-8434
Listed By:
BRIDGET RIGDON · License #127718
(404) 434-8434
Source:
Compass
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 30 at 10:11AM
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 Coldwell Banker Residential Brokerage
Investment Insights
Based on property information with market context.
Constructed in 1925, this 5,560-square-foot flex property occupies three levels and retains exposed brick walls, wood floors, high ceilings, and insulated windows. The interior includes a renovated kitchen, two bedrooms, two full bathrooms, a service bathroom, living space, reception area, and restrooms. A single garage is included, with an option for a second garage accessed from the rear alley and basement. The unfinished basement provides additional expandable area beyond the stated square footage.
Located at 136 Walker Street Southwest in Atlanta’s Castleberry Hill artists loft district, the property is within walking distance of Mercedes-Benz Stadium and State Farm Arena. Centennial Yards, the Gulch, and Cosm are also identified as nearby destinations. The space is positioned for multifamily conversion, single-family owner-occupied live/work use, or commercial and retail occupancy, and is offered as-is.
Located at 136 Walker Street Southwest in Atlanta’s Castleberry Hill artists loft district, the property is within walking distance of Mercedes-Benz Stadium and State Farm Arena. Centennial Yards, the Gulch, and Cosm are also identified as nearby destinations. The space is positioned for multifamily conversion, single-family owner-occupied live/work use, or commercial and retail occupancy, and is offered as-is.
Key Highlights
- 5,560 SF, three‑level loft building constructed in 1925
- Conversion options include multifamily, owner‑occupied live/work, commercial, and retail use
- Original brick walls and wood floors paired with a renovated kitchen and newer windows
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
$74,454
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
6.99%
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%
$1,489,080
$1.5M
Cap Rate 7%
$1,063,629
$1.1M
Cap Rate 9%
$827,267
$827.3K
Market Conditions
NOI Build-Up for 5,560 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
$132.7K $23.87/SF
− Vacancy
−$33.4K −$6.02/SF
EGI
$99.3K $17.85/SF
− OpEx
−$24.8K −$4.46/SF
NOI
$74.5K $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%
$1,489,080
Cap Rate 7%
$1,063,629
Cap Rate 9%
$827,267
Alternative Uses
Best Use
Office B
$1.06M
$930.7K – $1.24M
NOI $74,454 @ 7.0% cap · market cap 6.99%
Second Best
Mixed Use
$965.1K
$844.4K – $1.13M
NOI $67,554 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,796 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,905
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30313, GA
9,788
Population
3,604
Households
2.7
Avg Household Size
26
Median Age
55%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
8,157
Density / Sq Mi
$79,068
Median Household Income
$33,832
Median Earnings
$1,696
Median Rent
$365,200
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.
Similar Off Market Nearby
- Affextionate Cuizine — 777 oak st sw, atlanta, ga 30310
- CPC — 777 Oak St SW, Atlanta, GA 30310
- Crowd Pleazers Catering — 777 Oak St SW, Atlanta, GA 30310, United States
- Chauncy's Kitchen — 777 Oak St SW, Atlanta, GA 30310
- GG’s Kitchen & Catering — 565 Terry St SE, Atlanta, GA 30312
Frequently Asked Questions
What type of property is this?
Flex space - Three-level loft with live-work, retail, and multifamily conversion options.
Where is this flex space located?
The property is located at 136 Walker Street Southwest Atlanta, GA.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: 5,560 SF, three‑level loft building constructed in 1925; Conversion options include multifamily, owner‑occupied live/work, commercial, and retail use; Original brick walls and wood floors paired with a renovated kitchen and newer windows
