Restored Mixed-Use Retail Office
For Sale
$58,000,000
200 Peachtree Street NW, Atlanta, GA 30303
Restored Beaux-Arts building with a mix of boutique retail, event venues, and creative office suites on a major downtown corridor.
Property Size165,848 SF
Days on Market29
Property Features for 200 Peachtree Street NW
General Information
Standard status
Active
Size
165,848 SF
Class
B
Property subtype
Office - General Office
Amenities
direct MARTA access
Building Details
Building Size
165,848 SF
Year Built
1927
Year Renovated
2016
Construction
Beaux-Arts
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #299687
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 18 at 8:10AM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
Southern Exchange at 200 Peachtree is a landmark mixed-use property featuring a mix of high-end event venues, boutique retail spaces, and creative office suites. The building was originally the flagship Davison’s/Macy’s department store and has been meticulously restored, pairing iconic Beaux-Arts architecture with modern infrastructure and functionality.
Positioned along the high-visibility Peachtree Street corridor, the property includes direct MARTA access and is described as walkable to the Westin Peachtree Plaza, Mercedes-Benz Stadium, Centennial Olympic Park, and Georgia State University.
The offering is presented as a stabilized income-producing asset with long-term value-add potential.
Positioned along the high-visibility Peachtree Street corridor, the property includes direct MARTA access and is described as walkable to the Westin Peachtree Plaza, Mercedes-Benz Stadium, Centennial Olympic Park, and Georgia State University.
The offering is presented as a stabilized income-producing asset with long-term value-add potential.
Key Highlights
- Year built 1927 for this landmark mixed‑use building at 200 Peachtree Street in Downtown Atlanta
- Restored Beaux‑Arts architecture paired with modern infrastructure and functionality
- Mixed‑use space includes boutique retail, event venues, and creative office suites
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
$2,220,882
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
3.83%
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%
$44,417,640
$44.4M
Cap Rate 7%
$31,726,886
$31.7M
Cap Rate 9%
$24,676,467
$24.7M
Market Conditions
NOI Build-Up for 165,848 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
$3.96M $23.87/SF
− Vacancy
−$997.6K −$6.02/SF
EGI
$2.96M $17.85/SF
− OpEx
−$740.3K −$4.46/SF
NOI
$2.22M $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%
$44,417,640
Cap Rate 7%
$31,726,886
Cap Rate 9%
$24,676,467
Alternative Uses
Best Use
Office B
$31.73M
$27.76M – $37.01M
NOI $2,220,882 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$27.61M
$24.16M – $32.22M
NOI $1,932,958 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$46.36M
$40.57M – $54.09M
NOI $3,245,261 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,304
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
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 - Restored Beaux-Arts building with a mix of boutique retail, event venues, and creative office suites on a major downtown corridor.
Where is this office building located?
The property is located at 200 Peachtree Street NW Atlanta, GA.
What is the asking price?
The asking price for this property is $58,000,000.
What are key features of this property?
This property features: Year built 1927 for this landmark mixed‑use building at 200 Peachtree Street in Downtown Atlanta; Restored Beaux‑Arts architecture paired with modern infrastructure and functionality; Mixed‑use space includes boutique retail, event venues, and creative office suites
