Creative Office Recording
For Sale
$1,850,000
1740 Defoor Pl NW, Atlanta, GA 30318
Customized creative office and recording studio with multiple recording rooms, private offices, secure fenced access, and on-site parking.
Property Size5,724 SF
Price / SF$323.20
Days on Market74
Property Features for 1740 Defoor Pl NW
General Information
Standard status
Active
Size
5,724 SF
Property subtype
Office
Zoning
11 - Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Building Size
5,724 SF
Listing Agency:
Bull Realty
Listed By:
Michael Wess, CCIM
(404) 876-1640
Source:
Bullrealty
Added: Jun 25
Changed: Sep 5
Last Checked: Sep 5 at 6:45AM
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 highly customized creative office and recording studio facility combines professional office functionality with specialized studio infrastructure. The space includes multiple recording rooms, collaborative lounge areas, private offices, and secure fenced access, designed to support day-to-day production and client workflow. Abundant on-site parking is included with the property, offering straightforward arrival and vehicle accommodation.
Located on Defoor Place NW in Atlanta’s Upper Westside, the property is steps from The Works, Westside Provisions District, and Chattahoochee Food Works, with immediate access to Defoor Avenue, Howell Mill Road, and I-75. Nearby amenities referenced in the remarks include Topgolf, along with dining and entertainment destinations within the surrounding area.
The asset totals approximately 5,724 SF and is positioned as a distinctive, ready-to-use creative workplace tailored to studio and office operations under one roof.
Located on Defoor Place NW in Atlanta’s Upper Westside, the property is steps from The Works, Westside Provisions District, and Chattahoochee Food Works, with immediate access to Defoor Avenue, Howell Mill Road, and I-75. Nearby amenities referenced in the remarks include Topgolf, along with dining and entertainment destinations within the surrounding area.
The asset totals approximately 5,724 SF and is positioned as a distinctive, ready-to-use creative workplace tailored to studio and office operations under one roof.
Key Highlights
- Customized creative office and recording studio totaling 5,724 SF, built in 1969
- Multiple recording rooms plus private offices and collaborative lounge areas
- Secure fenced access for controlled entry
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
$76,650
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
4.14%
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%
$1,533,000
$1.5M
Cap Rate 7%
$1,095,000
$1.1M
Cap Rate 9%
$851,667
$851.7K
Market Conditions
NOI Build-Up for 5,724 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
$136.6K $23.87/SF
− Vacancy
−$34.4K −$6.02/SF
EGI
$102.2K $17.85/SF
− OpEx
−$25.6K −$4.46/SF
NOI
$76.7K $13.39/SF
Area
ZIP 30318
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%
$1,533,000
Cap Rate 7%
$1,095,000
Cap Rate 9%
$851,667
Alternative Uses
Best Use
Office B
$1.10M
$958.1K – $1.28M
NOI $76,650 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,005 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
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 - Customized creative office and recording studio with multiple recording rooms, private offices, secure fenced access, and on-site parking.
Where is this creative space located?
The property is located at 1740 Defoor Pl NW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Customized creative office and recording studio totaling 5,724 SF, built in 1969; Multiple recording rooms plus private offices and collaborative lounge areas; Secure fenced access for controlled entry
