End-Unit Retail
For Sale
$339,000
215-2030 Main St Nw, Atlanta, GA 30349
Unfinished ground-floor commercial condo offers a street-facing blank canvas for retail or creative office use.
Property Size1,218 SF
Price / SF$278.33
Days on Market168
Property Features for 215-2030 Main St Nw
General Information
Standard status
Active
Size
1,218 SF
Site & Location
Corner Location
Yes
End Cap
Yes
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$4,884
Building Details
Year Built
2008
Listing Agency:
Keller Williams Buckhead
(404) 604-3897
Listed By:
Keith Sharp · License #176306
(404) 604-3897
Source:
Exprealty
Added: Mar 6
Changed: Aug 16
Last Checked: Aug 20 at 12:48PM
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 Buckhead
Investment Insights
Based on property information with market context.
Unit #215 is a 1,218 SF commercial condominium within the mixed-use One Riverside West building. Constructed in 2008, the space remains unfinished, allowing the next owner to determine the interior layout and buildout. It is positioned at street level as an end unit, adjacent to the building’s main entrance, with an independent presence separate from the residential condominiums above.
The property occupies the corner of Main Street NW and Hollywood Road and fronts the Riverside streetscape, where professional, service, and retail businesses operate. Frazie's Meat and Market is next door. Residential units are located above and behind the storefront, while more than 200 newly constructed townhomes are within two blocks in both directions on Hollywood Road. The Silver Comet Connector to the Atlanta BeltLine is one mile away.
The space is identified for retail use and is also described as suitable for creative office occupancy.
The property occupies the corner of Main Street NW and Hollywood Road and fronts the Riverside streetscape, where professional, service, and retail businesses operate. Frazie's Meat and Market is next door. Residential units are located above and behind the storefront, while more than 200 newly constructed townhomes are within two blocks in both directions on Hollywood Road. The Silver Comet Connector to the Atlanta BeltLine is one mile away.
The space is identified for retail use and is also described as suitable for creative office occupancy.
Key Highlights
- 1,218 SF unfinished commercial condo in One Riverside West
- Ground‑floor end unit at the corner of Main Street NW and Hollywood Road
- Built in 2008 within a mixed‑use building
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
$14,196
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
4.19%
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%
$283,920
$283.9K
Cap Rate 7%
$202,800
$202.8K
Cap Rate 9%
$157,733
$157.7K
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
$21.9K $18.00/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$20.3K $16.65/SF
− OpEx
−$6.1K −$5.00/SF
NOI
$14.2K $11.66/SF
Area
ZIP 30349
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%
$283,920
Cap Rate 7%
$202,800
Cap Rate 9%
$157,733
Alternative Uses
Best Use
Retail
$202.8K
$177.5K – $236.6K
NOI $14,196 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.0K
$299.3K – $399.0K
NOI $23,941 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
1,068 visits/mo
0.4 miles
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
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 - Unfinished ground-floor commercial condo offers a street-facing blank canvas for retail or creative office use.
Where is this retail space located?
The property is located at 215-2030 Main St Nw 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: 1,218 SF unfinished commercial condo in One Riverside West; Ground‑floor end unit at the corner of Main Street NW and Hollywood Road; Built in 2008 within a mixed‑use building
