Retail Showroom Building with
For Sale
Contact for pricing
2087 Piedmont Rd NE, Atlanta, GA 30324
Shell-condition retail/showroom building with on-site parking and direct curb cut access on Piedmont Road.
Property Size6,156 SF
Lot Size0.33 Acres
Price / SF$226.61
Days on Market194
Property Features for 2087 Piedmont Rd NE
General Information
Standard status
Active
Size
6,156 SF
Total Parking Spaces
20
Lot size
0.33 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1955
Listing Agency:
SVN Second Story Real Estate Management- Atlanta
Listed By:
Jake Creviston · License #GA 365989
(770) 992-5112
Source:
Crexi
Added: Feb 23
Changed: Aug 31
Last Checked: Sep 3 at 5:54AM
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 SVN Second Story Real Estate Management- Atlanta
Investment Insights
Based on property information with market context.
This property totals approximately 6,156 SF on about a third of an acre and is currently in shell condition, offering a flexible foundation for a retail or customer-facing showroom concept. The site includes on-site parking for approximately 20 spaces and provides direct curb cut access on Piedmont Road.
Located in Atlanta’s intown Buckhead/Upper Piedmont corridor along Piedmont Road, the property benefits from prominent street-facing presence. It sits near major north–south connectivity via I-85 and GA-400 via nearby interchanges, supporting regional access.
Built in the mid- to late-20th century, the building is well-positioned for an owner-user or investor to complete tenant improvements tailored to retail or showroom use while leveraging the site’s street visibility and parking convenience.
Located in Atlanta’s intown Buckhead/Upper Piedmont corridor along Piedmont Road, the property benefits from prominent street-facing presence. It sits near major north–south connectivity via I-85 and GA-400 via nearby interchanges, supporting regional access.
Built in the mid- to late-20th century, the building is well-positioned for an owner-user or investor to complete tenant improvements tailored to retail or showroom use while leveraging the site’s street visibility and parking convenience.
Key Highlights
- Approximately 6,156 SF retail/showroom building built in 1955, currently in shell condition
- On‑site parking for approximately 20 spaces
- Direct curb cut access on Piedmont Road with prominent frontage for signage and branding
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
$71,748
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
5.14%
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%
$1,434,960
$1.4M
Cap Rate 7%
$1,024,971
$1.0M
Cap Rate 9%
$797,200
$797.2K
Market Conditions
NOI Build-Up for 6,156 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
$110.8K $18.00/SF
− Vacancy
−$8.3K −$1.35/SF
EGI
$102.5K $16.65/SF
− OpEx
−$30.7K −$5.00/SF
NOI
$71.7K $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 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%
$1,434,960
Cap Rate 7%
$1,024,971
Cap Rate 9%
$797,200
Alternative Uses
Best Use
Retail
$1.02M
$896.9K – $1.20M
NOI $71,748 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,459 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,462
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
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Shell-condition retail/showroom building with on-site parking and direct curb cut access on Piedmont Road.
Where is this retail space located?
The property is located at 2087 Piedmont Rd NE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Approximately 6,156 SF retail/showroom building built in 1955, currently in shell condition; On‑site parking for approximately 20 spaces; Direct curb cut access on Piedmont Road with prominent frontage for signage and branding
