Two-Level Office
For Sale
$875,000
1892 Washington Road, Atlanta, GA 30344
Commercial Sale, Atlanta, GA
Property Size4,020 SF
Lot Size0.68 Acres
Price / SF$217.66
Days on Market92
Property Features for 1892 Washington Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
8
Parking features
Parking Lot
Lot features
Level
Directions
From Downtown Atlanta, Take 75/85S, Exit onto Langford Parkway (West), Exit US-29/SR-154/Tyler Perry Studies/East Point, Turn Right onto Womack Ave, Right onto Main Street , Right onto E Point Street and Right onto Washington Road, Building will be on your left.
Standard status
Active
APN
14 016400070410
Size
4,020 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5070
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Flooring type
Carpet, Laminate
Building materials
Concrete
Roof type
Composition
Listing Agency:
Engel & V?lkers Atlanta · Engel & Völkers
(404) 845-7724
Listed By:
Jenea Kennedy · License #242671
(404) 304-8964
Added: Jun 19
Changed: Sep 15
Last Checked: Sep 18 at 7:06AM
MLS# 10789518
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2004, this 4,020-square-foot office property occupies two levels within a 0.683-acre parcel. The interior combines private offices, meeting and boardroom areas, classroom space, reception functions, storage, copy and server rooms, and restrooms. A kitchen and break area includes two refrigerators, a deep freezer, stove, dishwasher, pantry, two microwaves, and laundry equipment. The second level adds six cubicles, open work space, storage, and mechanical rooms.
The building has four separate entry and exit points, a parking lot, central heating, central air conditioning, laminate and carpet flooring, concrete construction, and a composition roof. Public water and public sewer serve the property, with cable available. The configuration supports office, training, administrative, or other professional operations requiring a combination of enclosed rooms and shared work areas.
The building has four separate entry and exit points, a parking lot, central heating, central air conditioning, laminate and carpet flooring, concrete construction, and a composition roof. Public water and public sewer serve the property, with cable available. The configuration supports office, training, administrative, or other professional operations requiring a combination of enclosed rooms and shared work areas.
Key Highlights
- 4,020 square feet across two levels on a 0.683‑acre parcel
- Built in 2004 with concrete construction and a composition roof
- Four separate entry and exit points support multiple access patterns
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
$53,832
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
6.15%
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%
$1,076,640
$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
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
$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 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%
$1,076,640
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.
Property Analytics
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Open Analytics
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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Market
Vacancy Rate% for Office in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Office building - Adaptable professional facility with private offices, meeting rooms, classrooms, support areas, and on-site parking.
Where is this office building 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: 4,020 square feet across two levels on a 0.683‑acre parcel; Built in 2004 with concrete construction and a composition roof; Four separate entry and exit points support multiple access patterns
