Riverside Retail Space For
For Sale
$339,000
2030 Main Street, Atlanta, GA 30318
Commercial condo in mixed-use building, never been finished.
Property Size1,218 SF
Price / SF$278.33
Days on Market200
Property Features for 2030 Main Street
General Information
Standard status
Active
Size
1,218 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,884
Amenities
3
Other
Parking.
Lot.
Level
1132.56
Paved Road, Level.
Building Details
Year Built
2008
Listing Agency:
Keller Williams Realty Buckhead
(678) 778-8774
Listed By:
Keith Sharp · License #176306
(678) 778-8774
Source:
Xome
Added: Feb 7
Changed: Aug 25
Last Checked: Aug 25 at 6:30AM
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 Keller Williams Realty Buckhead
Investment Insights
Based on property information with market context.
This 1,218 square foot commercial condo is available for purchase as part of the walkable Riverside streetscape. Located at One Riverside West, the ground floor unit is situated in a mixed-use building constructed in 2008. The unit is an end unit located next to the main entrance. The interior of this unit has never been finished. The One Riverside complex is located at the corner of Main Street NW and Hollywood Road. Unit #215 faces Main Street, adjoining Frazie's Meat and Market. Separate residential condos are located above with rear access. This street-level, ground floor retail or office space is totally separate.
Key Highlights
- Prime location on the walkable Riverside streetscape at the corner of Main Street NW and Hollywood Road.
- Unfinished 1,218 SF commercial condo unit, allowing for customized build‑out.
- Ground floor, street‑level access, ideal for retail or office use.
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
$17,132
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
5.05%
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%
$342,640
$342.6K
Cap Rate 7%
$244,743
$244.7K
Cap Rate 9%
$190,356
$190.4K
Market Conditions
NOI Build-Up for 1,218 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
$26.7K $21.96/SF
− Vacancy
−$2.3K −$1.87/SF
EGI
$24.5K $20.09/SF
− OpEx
−$7.3K −$6.03/SF
NOI
$17.1K $14.07/SF
Area
ZIP 30318
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$342,640
Cap Rate 7%
$244,743
Cap Rate 9%
$190,356
Alternative Uses
Best Use
Retail
$244.7K
$214.2K – $285.5K
NOI $17,132 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Pizza Hut
Dining
1,126 visits/mo
0.3 miles
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condo in mixed-use building, never been finished.
Where is this storefront property located?
The property is located at 2030 Main Street Atlanta, GA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Prime location on the walkable Riverside streetscape at the corner of Main Street NW and Hollywood Road.; Unfinished 1,218 SF commercial condo unit, allowing for customized build‑out.; Ground floor, street‑level access, ideal for retail or office use.
