Corner Commercial-Residential Land
For Sale
Contact for pricing
1503 Memorial SE, Atlanta, GA 30317
Corner lot parcel at 1503 Memorial SE suitable for commercial or residential use, including retail or restaurant concepts.
Property Size1,880 SF
Price / SF$345.74
Days on Market548
Property Features for 1503 Memorial SE
General Information
Standard status
Active
Size
1,880 SF
Property subtype
RETAIL
Listing Agency:
1st Classic Realty
(404) 410-2922
Listed By:
Mbanefo Osakwe · License #375644
(404) 510-8368
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Aug 14
Last Checked: Sep 8 at 6:37AM
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 1st Classic Realty
Investment Insights
Based on property information with market context.
This is a corner lot commercial land parcel offered for sale at 1503 Memorial SE, Atlanta, GA 30317. The site is described as adaptable for both commercial and residential use, with potential highlighted for a restaurant or retail store.
The property is positioned on a corner at Memorial Drive and Lamon Avenue. Its existing location at an intersection supports flexible planning for compatible commercial or residential development, subject to applicable approvals.
The parcel is listed at approximately 1,880 square feet, providing a compact footprint for appropriate site planning and design.
The property is positioned on a corner at Memorial Drive and Lamon Avenue. Its existing location at an intersection supports flexible planning for compatible commercial or residential development, subject to applicable approvals.
The parcel is listed at approximately 1,880 square feet, providing a compact footprint for appropriate site planning and design.
Key Highlights
- Corner lot parcel at 1503 Memorial SE
- Corner location at Memorial Drive and Lamon Avenue
- Suitable for commercial or residential use, including retail or restaurant concepts
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
$25,448
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
3.92%
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%
$508,960
$509.0K
Cap Rate 7%
$363,543
$363.5K
Cap Rate 9%
$282,756
$282.8K
Market Conditions
NOI Build-Up for 1,880 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
$36.1K $19.20/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$33.9K $18.05/SF
− OpEx
−$8.5K −$4.51/SF
NOI
$25.4K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$508,960
Cap Rate 7%
$363,543
Cap Rate 9%
$282,756
Alternative Uses
Best Use
Specialty Retail
$363.5K
$318.1K – $424.1K
NOI $25,448 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$525.5K
$459.8K – $613.1K
NOI $36,787 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30317, GA
13,774
Population
7,220
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
3,935
Density / Sq Mi
$105,190
Median Household Income
$64,968
Median Earnings
$1,619
Median Rent
$510,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner lot parcel at 1503 Memorial SE suitable for commercial or residential use, including retail or restaurant concepts.
Where is this storefront property located?
The property is located at 1503 Memorial SE Atlanta, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Corner lot parcel at 1503 Memorial SE; Corner location at Memorial Drive and Lamon Avenue; Suitable for commercial or residential use, including retail or restaurant concepts
