Building Details

Building Size 3,114 SF

Year Built 2009

Buildings 1

Tenancy Single

Listing Agency: Keller Williams Realty Buckhead k***@kw.com Show Phone

Listed By: Keith Sharp · License #176306 Show Phone

Source: Connersmithrealty

Added: Aug 25 Changed: Oct 23 Last Checked: Oct 23 at 5:02PM

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Investment Insights

Based on property information with market context.

This ground-floor retail condominium occupies a corner position within a mixed-use building completed in 2009. The separate commercial unit is tenant-occupied by Frazie's Meat and Market and has access from the rear of the building. MRC-2 zoning is listed for the property.

The storefront is at 2030 Main Street NW #214, where Main Street meets Hollywood Road in Atlanta. Street parking is available in front, and a rear lot provides additional parking. The surrounding streetscape includes professional services and retail businesses, with residential condominiums in the same building.

Key Highlights

• Corner ground‑floor retail condominium, tenant‑occupied by Frazie's Meat and Market
• MRC‑2 zoning
• Street parking in front and a rear parking lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,409

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,180 $1.0M

Cap Rate 7%

$748,700 $748.7K

Cap Rate 9%

$582,322 $582.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,114 SF

Gross rent

$74.7K $24.00/SF

− Vacancy

−$4.9K −$1.56/SF

EGI

$69.9K $22.44/SF

− OpEx

−$17.5K −$5.61/SF

NOI

$52.4K $16.83/SF

Area

ZIP 30318

Vacancy

6.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,180

Cap Rate 7%

$748,700

Cap Rate 9%

$582,322

Alternative Uses

Best Use

Specialty Retail

$748.7K

$655.1K – $873.5K (±1% cap)

NOI $52,409 @ 7.0% cap · market cap 7.23%

Second Best

Retail

$625.7K

$547.5K – $730.0K (±1% cap)

NOI $43,800 @ 7.0% cap · market cap 6.04%

Theoretical Best

Office A

$870.5K

$761.7K – $1.02M (±1% cap)

NOI $60,934 @ 7.0% cap · market cap 8.40%

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

Property Analytics

Current Use

O'Holistic Alternative Medicine Practice Mailbox Money Property Investment Company Frazie's Meat & Market Take-out & Catering Crawford Creek Communities Construction Company Wigs by Shadae ... Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Building Supply HVAC Service

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

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

359

Businesses Nearby

1k

Monthly Visits Nearby

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

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 - Street-level commercial ownership in a mixed-use building, with rear access and parking serving the property.

Where is this retail space located?

The property is located at 2030 Main Street NW #214 Atlanta, GA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Corner ground‑floor retail condominium, tenant‑occupied by Frazie's Meat and Market; MRC‑2 zoning; Street parking in front and a rear parking lot