Multi-Use Commercial Building with Four
For Sale
Contact for pricing
1892 Washington Road, Atlanta, GA 30344
Flexible interior with reception, private offices, classrooms, and a fully equipped kitchen, supported by four exterior entrances.
Property Size4,020 SF
Price / SF$217.66
Days on Market53
Property Features for 1892 Washington Road
General Information
Standard status
Active
Size
4,020 SF
Total Parking Spaces
8
Property subtype
Office, Retail
Zoning
C1
Building Details
Year Built
2004
Buildings
1
Stories
2
Listing Agency:
Engel & Volkers Atlanta
(404) 304-8964
Listed By:
Jenea E Kennedy · License #242671
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 10 at 8:09AM
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.
This versatile commercial building is set up for a range of professional, educational, community, retail, and service-oriented uses. The layout features a reception area with a front desk, multiple private offices, conference and boardroom space, and dedicated classrooms with built-in shelving and monitor displays. Additional functional rooms include a copy room, server room, storage, and men’s and women’s restrooms with multiple stalls. The property also includes a fully equipped kitchen and break area with a stove, dishwasher, two refrigerators, deep freezer, pantry, two microwaves, and laundry facilities with a washer and dryer. The upper level provides six cubicles, an open collaborative workspace, storage areas, and mechanical rooms that can support administrative functions, co-working use, or additional tenant occupancy.
Access is designed for operational flexibility, with four separate entry and exit points. This configuration can support multiple departments, staggered customer flow, or the separation of different functional areas within the building.
The current room mix makes the property practical for an owner-user who wants to occupy part of the building while leasing remaining space, as well as for organizations seeking educational or community programming capacity. The facility’s combination of offices, meeting space, classroom-ready rooms, and staff-support amenities can accommodate many neighborhood-serving commercial concepts, subject to applicable use requirements.
Access is designed for operational flexibility, with four separate entry and exit points. This configuration can support multiple departments, staggered customer flow, or the separation of different functional areas within the building.
The current room mix makes the property practical for an owner-user who wants to occupy part of the building while leasing remaining space, as well as for organizations seeking educational or community programming capacity. The facility’s combination of offices, meeting space, classroom-ready rooms, and staff-support amenities can accommodate many neighborhood-serving commercial concepts, subject to applicable use requirements.
Key Highlights
- Year built 2004 commercial property with a flexible interior layout for multiple types of uses
- Four separate exterior entry/exit points for convenient access and operational flexibility
- Main level includes reception/front desk, private offices, conference/boardroom space, and dedicated classrooms
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
Retail
$669.3K
$585.7K – $780.9K
NOI $46,853 @ 7.0% cap · market cap 5.35%
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
Property Profile
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
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible interior with reception, private offices, classrooms, and a fully equipped kitchen, supported by four exterior entrances.
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: Year built 2004 commercial property with a flexible interior layout for multiple types of uses; Four separate exterior entry/exit points for convenient access and operational flexibility; Main level includes reception/front desk, private offices, conference/boardroom space, and dedicated classrooms
