Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Upscale Restaurant Investment Opportunity Title is generated by Realmo AI

    1620 Piedmont Ave NE, Atlanta, GA 30324

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime Midtown Atlanta location near iconic attractions.

    Type:Retail
    Property size:
    3,639 SF
    Price / SF:
    $879/SF
    Added:
    Dec 11, 2024
    Days on Market:
    543
    Last Refresh:
    May 12 at 9:24 pm

    Property Features for 1620 Piedmont Ave NE

    General Information

    Standard status
    Active
    Size
    3,639 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Dustin Saboorian
    Dustin Saboorian

    Listing agent Dustin Saboorian License #426633

    Listing office Sands Investment Group

    Listing date Dec 11, 2024

    Source Crexi

    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 Sands Investment Group

    HighLights

    • Upscale 3,639 SF Restaurant Investment
    • Prime Midtown Atlanta Location
    • Easy Access to Atlanta Botanical Garden
    • Proximity to Lenox Square and Phipps Plaza
    • Close to Buckhead District
    • Unique Investment Opportunity

    Overview

    This 3,639 square foot upscale restaurant investment opportunity is located at 1620 Piedmont Avenue NE in Atlanta, GA. The property benefits from its proximity to iconic attractions such as the Atlanta Botanical Garden, Lenox Square, and Phipps Plaza, as well as the Buckhead District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Toranj Middle East ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3683951
    Latitude
    33.7988521

    Nearby Similar for Sale

    • $549,997
      4,829 SF

      Freestanding Brick Commercial Building

      Freestanding brick building with flexible zoning, prominent frontage, and on-site parking, but needs a new roof and mechanical updates.
      638 Dill Avenue SW, Atlanta, GA 30310
      View Details
    • $590,000
      2,868 SF

      Atlanta Commercial Property Renovation Opportunity

      High-visibility commercial property in Southwest Atlanta, ideal for retail.
      2065 Campbellton Road SW, Atlanta, GA 30311
      View Details
    • $450,000
      2,157 SF

      Atlanta Office Building on Campbellton

      2,157 SF office building in growing West Atlanta corridor.
      3080 Campbellton Road SW, Atlanta, GA 30311
      View Details
    • $450,000
      2,157 SF

      Atlanta Office Building For Sale

      2,157 SF office building in a growing West Atlanta corridor.
      3080 Campbellton Road SW, Atlanta, GA 30311
      View Details
    • $579,900

      Turnkey Salon Suites in Atlanta

      Fully renovated commercial property with salon suites in Jefferson Park.
      1469 Wadley Avenue, Atlanta, GA 30344
      View Details
    • $434,900
      2,950 SF

      Lakewood Commercial Building with Vacant Lot

      Two-parcel commercial property in Atlanta's growing Lakewood submarket.
      1657 Lakewood Avenue SE, Atlanta, GA 30315
      View Details
    • $598,000
      2,742 SF

      Craftsman Farmhouse in Hampton Preserve

      Stunning Craftsman Farmhouse in Atlanta's Hampton Preserve neighborhood.
      2430 Rose Mill Court SW, Atlanta, GA 30311
      View Details
    • $1,400,000
      6,048 SF

      Multi-Tenant Office Investment Opportunity

      Two Atlanta office buildings, 90% occupied, high-yield investment.
      2692 Harris Street, Atlanta, GA 30344
      View Details
    • $549,997

      Freestanding Brick Commercial Building

      C1 zoned freestanding building with parking and prominent street frontage, formerly used as a dry cleaners.
      638 Dill AVE SW, Atlanta, GA 30310
      View Details
    • $549,997

      Freestanding Brick Commercial Building

      Freestanding brick asset with prominent street frontage, flexible zoning, and parking for a range of commercial concepts.
      638 Dill Avenue SW, Atlanta, GA 30310
      View Details
    • $799,000
      2,304 SF

      Commercial Building in Atlanta, GA

      Freestanding commercial building suitable for medical, retail, or office use.
      3296 Northcrest Road, Atlanta, GA 30340
      View Details
    • $385,000
      1,684 SF

      Mixed-Use Property in Downtown East Point

      1,684 SF mixed-use property with historic charm and modern updates.
      2741 Church Street, Atlanta, GA 30344
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Prime Midtown Atlanta location near iconic attractions.
    Where is this conventional restaurant located?
    The property is located at 1620 Piedmont Ave NE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Upscale 3,639 SF Restaurant Investment; Prime Midtown Atlanta Location; Easy Access to Atlanta Botanical Garden
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dustin Saboorian
    Dustin Saboorian
    Real Estate License ID: 426633
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1620 Piedmont Ave NE, Atlanta, GA 30324
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!