20 Marietta St NW, Atlanta, GA 30303

Building Details

Year Built 1921 More

Buildings 1 More

Listing Agency: GreatHomesATL LLC

Listed By: Curtis Russell · License GA #359848 Show Phone

Source: Jetsetrealty

Added: Nov 13 Changed: Nov 14 Last Checked: Oct 2 at 8:23PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 7,120-square-foot retail space spans two levels and is offered as-is. The interior has high ceilings, restrooms, display windows, and concrete and tile flooring. Significant work is anticipated, including replacement of the HVAC system, modernization of other systems, and interior improvements. The property is zoned SPI-1.

At 20 Marietta Street NW, the unit is at the corner of Marietta Street and Broad Street in downtown Atlanta. The Metropolitan is identified as the building in which the space is located.

Key Highlights

• 7,120 square feet across two levels
• Offered as‑is; substantial renovation is anticipated, including HVAC replacement
• SPI‑1 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,984

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,659,680 $1.7M

Cap Rate 7%

$1,185,486 $1.2M

Cap Rate 9%

$922,044 $922.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,120 SF

Gross rent

$128.2K $18.00/SF

− Vacancy

−$9.6K −$1.35/SF

EGI

$118.5K $16.65/SF

− OpEx

−$35.6K −$5.00/SF

NOI

$83.0K $11.66/SF

Area

Atlanta, GA

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,659,680

Cap Rate 7%

$1,185,486

Cap Rate 9%

$922,044

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $82,984 @ 7.0% cap · market cap 5.53%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,322 @ 7.0% cap · market cap 9.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Metropolitan Condominium Complex Lands & Developments Engineering Consultant a pierre design llc Furniture & Home Goods Detail Theory Car Wash Guideone Auto Insurance ... Financial Advisor

Suggested Use

Top Pick Pet Grooming Service Veterinary Clinic Buffet (Bike/Boat/Book/etc) Store Butcher Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

12,196

Businesses Nearby

Explore this area Business Placement

Demographics for 30303, GA

9,352

Population

1,625

Households

5.8

Avg Household Size

25

Median Age

25%

College-Educated

88%

High-School Grad

1.0 sq mi

ZIP Area

9,352

Density / Sq Mi

$9,322

Median Earnings

$1,705

Median Rent

$250,200

Median Home Value

Market

Average Price Trend$/SF for Retail space in Atlanta, GA

$354 Jul

$334 Aug

$356 Sep

$374 Oct

Properties on Market for Retail space in Atlanta

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Atlanta, GA

6.7% 2019

6.6% 2020

5.5% 2021

4.4% 2022

4.1% 2023

4.4% 2024

5% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The space requires substantial interior work, including HVAC replacement and updates to other building systems.

Where is this retail space located?

The property is located at 20 Marietta St NW Atlanta, GA.

What is the asking price?

The asking price for this property is $1,499,999.

What are key features of this property?

This property features: 7,120 square feet across two levels; Offered as‑is; substantial renovation is anticipated, including HVAC replacement; SPI‑1 zoning