Covered-Land Retail Building with
1495 Northside Dr NW Atlanta, GA 30318
New
For Sale
$4,225,000
Two-tenant retail building with up to 18' ceilings, 49-space surface parking, and frontage on Northside Drive NW.
Property Size13,368 SF
Lot Size0.77 Acres
Price / SF$316.05
Days on Market3
Property Features for 1495 Northside Dr NW
General Information
- Standard status
- Active
- Size
- 13,368 SF
- Lot size
- 0.77 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1952
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Michael Wess, CCIM
Source:
Bullrealty
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 4:22AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This two-tenant retail building totals 13,368 square feet and is currently 100% leased to Team Rehabilitation and Sam Flax. The tenant roster includes a physical therapy provider and an Atlanta art supply retailer. Interior ceiling heights range up to approximately 18 feet, supporting flexible retail and service layouts.
The property sits on a 0.774-acre parcel with excellent visibility along Northside Drive NW, with three ingress/egress points and a permanent easement from Deering Road NW. It is directly across from the Atlanta BeltLine, and the site includes 49 surface parking spaces to support customer access.
For sale as a covered land investment, the asset offers in-place rental income along with the option to evaluate future redevelopment possibilities as the BeltLine corridor continues to evolve. Immediate access is also described for I-75 and the West Midtown, Georgia Tech, Midtown, and Downtown Atlanta areas.
The property sits on a 0.774-acre parcel with excellent visibility along Northside Drive NW, with three ingress/egress points and a permanent easement from Deering Road NW. It is directly across from the Atlanta BeltLine, and the site includes 49 surface parking spaces to support customer access.
For sale as a covered land investment, the asset offers in-place rental income along with the option to evaluate future redevelopment possibilities as the BeltLine corridor continues to evolve. Immediate access is also described for I-75 and the West Midtown, Georgia Tech, Midtown, and Downtown Atlanta areas.
Key Highlights
- 13,368 SF two‑tenant retail building built in 1952 with up to 18' ceiling heights
- 100% leased to Team Rehabilitation and Sam Flax (physical therapy provider and art supply retailer)
- 7.2% current cap rate and in‑place cash flow supported by full occupancy
Financial Insights For Healthcare Medical
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 | $352.9k | $26.40 |
| − Vacancy | −$28.2k | −$2.11 |
| EGI | $324.7k | $24.29 |
| − OpEx | −$129.9k | −$9.72 |
| NOI | $194.8k | $14.57 |
13,368 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.78M
$2.44M – $3.25M
NOI $194,809 @ 7.0% cap · market cap 4.61%
Second Best
Retail
$2.69M
$2.35M – $3.13M
NOI $188,026 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,581 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sam Flax
(Bike/Boat/Book/etc) Store
Team Rehabilitation Physical ...
Physician
DIWA: Sports Massage ...
Alternative Medicine Practice
Ashley Cathcart
Physician
Mario Beltran
Physician
FAQs
What type of property is this?
Retail space - Two-tenant retail building with up to 18' ceilings, 49-space surface parking, and frontage on Northside Drive NW.
Where is this retail space located?
The property is located at 1495 Northside Dr NW Atlanta, GA.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: 13,368 SF two‑tenant retail building built in 1952 with up to 18' ceiling heights; 100% leased to Team Rehabilitation and Sam Flax (physical therapy provider and art supply retailer); 7.2% current cap rate and in‑place cash flow supported by full occupancy
