Second-Floor Office
For Sale
$330,000
200-3017 Piedmont Rd Ne, Atlanta, GA 30324
Turnkey second-floor office condo with reception, private offices, conference space, and restrooms for client-facing teams.
Property Size1,416 SF
Price / SF$233.05
Days on Market458
Property Features for 200-3017 Piedmont Rd Ne
General Information
Standard status
Active
Size
1,416 SF
Zoning
RLCC
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,525
Listing Agency:
Direct Link Realty, Inc
(404) 238-7999
Listed By:
Richard Reid · License #275749
(404) 239-7512
Source:
Exprealty
Added: Jun 16, 2025
Changed: Sep 8
Last Checked: Sep 15 at 4:26PM
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 Direct Link Realty, Inc
Investment Insights
Based on property information with market context.
This second-floor office condo in a brick-front building offers a turnkey, professionally finished suite with a welcoming reception area, multiple private offices, conference space, and restrooms. The layout supports both focused work and meetings, making it a practical fit for established teams and professional services.
Located at 3017 Piedmont Road NE in Suite 200 within a professional office park, the property is positioned for convenient access to major routes including GA-400 and I-85. The area is also described as being near Lenox Square, along with dining, shopping, and other local amenities.
The condo provides a built-in workplace for buyers who want to occupy and operate from the suite immediately, while also benefiting from an office-condo setup rather than leasing a space. Utilities including water, electricity, phone, and cable are available, and the property is listed as zoned RLCC. This combination of ready-to-use interior improvements and supported utility services can help streamline a move-in timeline for qualifying office users.
Located at 3017 Piedmont Road NE in Suite 200 within a professional office park, the property is positioned for convenient access to major routes including GA-400 and I-85. The area is also described as being near Lenox Square, along with dining, shopping, and other local amenities.
The condo provides a built-in workplace for buyers who want to occupy and operate from the suite immediately, while also benefiting from an office-condo setup rather than leasing a space. Utilities including water, electricity, phone, and cable are available, and the property is listed as zoned RLCC. This combination of ready-to-use interior improvements and supported utility services can help streamline a move-in timeline for qualifying office users.
Key Highlights
- 1,416 SF second‑floor office condo, Suite 200 at 3017 Piedmont Road NE in Buckhead
- Includes a reception area, multiple private offices, conference space, and restrooms
- Brick‑front building with a turnkey office setup for client‑facing businesses
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
$18,962
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
5.75%
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%
$379,240
$379.2K
Cap Rate 7%
$270,886
$270.9K
Cap Rate 9%
$210,689
$210.7K
Market Conditions
NOI Build-Up for 1,416 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
$33.8K $23.87/SF
− Vacancy
−$8.5K −$6.02/SF
EGI
$25.3K $17.85/SF
− OpEx
−$6.3K −$4.46/SF
NOI
$19.0K $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%
$379,240
Cap Rate 7%
$270,886
Cap Rate 9%
$210,689
Alternative Uses
Best Use
Office B
$270.9K
$237.0K – $316.0K
NOI $18,962 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.8K
$346.4K – $461.8K
NOI $27,708 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 30324, GA
30,942
Population
18,232
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
5,838
Density / Sq Mi
$93,815
Median Household Income
$70,026
Median Earnings
$1,759
Median Rent
$505,300
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 - Turnkey second-floor office condo with reception, private offices, conference space, and restrooms for client-facing teams.
Where is this office units located?
The property is located at 200-3017 Piedmont Rd Ne Atlanta, GA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,416 SF second‑floor office condo, Suite 200 at 3017 Piedmont Road NE in Buckhead; Includes a reception area, multiple private offices, conference space, and restrooms; Brick‑front building with a turnkey office setup for client‑facing businesses
