Multi-Level Office
For Sale
$875,000
1892 Washington Road, Atlanta, GA 30344
Four separate entry points support circulation between departments, tenants, or visitors.
Property Size4,020 SF
Days on Market117
Property Features for 1892 Washington Road
General Information
Standard status
Active
Size
4,020 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,070
Building Details
Building Size
4,020 SF
Year Built
2004
Listing Agency:
Engel & Volkers Atlanta
Listed By:
JENEA E KENNEDY · License #242671
(404) 304-8964
Source:
Evatlanta
Added: Jun 19
Changed: Oct 11
Last Checked: Oct 13 at 12:07AM
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 Engel & Volkers Atlanta
Investment Insights
Based on property information with market context.
Built in 2004, this office property has a reception area, private offices, conference and boardroom space, classrooms, and dedicated copy, server, and storage rooms. The upper level adds six cubicles, collaborative workspace, storage, and mechanical rooms. Restrooms with multiple stalls serve both men and women.
A kitchen and break area is equipped with a stove, dishwasher, two refrigerators, a deep freezer, pantry, and two microwaves. Laundry facilities include a washer and dryer. Classroom features include built-in shelving and monitor displays. The layout also includes four separate entry and exit points.
The existing configuration supports office, educational, community, and service-oriented uses. The property is located at 1892 Washington Road in Atlanta, Georgia.
A kitchen and break area is equipped with a stove, dishwasher, two refrigerators, a deep freezer, pantry, and two microwaves. Laundry facilities include a washer and dryer. Classroom features include built-in shelving and monitor displays. The layout also includes four separate entry and exit points.
The existing configuration supports office, educational, community, and service-oriented uses. The property is located at 1892 Washington Road in Atlanta, Georgia.
Key Highlights
- Office property built in 2004
- Four separate entry and exit points
- Upper level includes six cubicles and collaborative workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,832
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,640
$1.1M
Cap Rate 7%
$769,029
$769.0K
Cap Rate 9%
$598,133
$598.1K
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$96.0K $23.87/SF
− Vacancy
−$24.2K −$6.02/SF
EGI
$71.8K $17.85/SF
− OpEx
−$17.9K −$4.46/SF
NOI
$53.8K $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 Rate 5%
$1,076,640
Cap Rate 7%
$769,029
Cap Rate 9%
$598,133
Alternative Uses
Best Use
Office B
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$983.3K – $1.31M
NOI $78,662 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Office units - Four separate entry points support circulation between departments, tenants, or visitors.
Where is this office units located?
The property is located at 1892 Washington Road Atlanta, GA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Office property built in 2004; Four separate entry and exit points; Upper level includes six cubicles and collaborative workspace
