Second-Floor Office
For Sale
Contact for pricing
25 Lenox Pointe Unit B, Atlanta, GA 30324
Turnkey suite with private offices, a kitchenette, two restrooms, and dedicated building systems.
Property Size1,520 SF
Price / SF$288.16
Days on Market15
Property Features for 25 Lenox Pointe Unit B
General Information
Standard status
Active
Size
1,520 SF
Class
C
Property subtype
Office
Zoning
R4
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
2
Asking Price
$438,000
Office Units
1
Building Details
Year Built
1987
Year Renovated
2018
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
Graham & Arthur, LLC
Listed By:
David Mauer · License #GA 395860
Source:
Crexi
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 31 at 4:11AM
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 Graham & Arthur, LLC
Investment Insights
Based on property information with market context.
This 1,520 SF office condominium occupies the second floor and is configured for professional use. A private stairwell leads to the reception and waiting area, followed by six naturally lit offices, a kitchenette, and two restrooms. A separate walk-up stairway connects to a third-floor attic that provides additional storage. The suite is currently used as a therapy and counseling practice.
Building systems include a 2025 roof, a 2024 water heater, and two dedicated Trane HVAC zones maintained under a quarterly service plan. Utilities are separately metered, fiber is available, and the association manages the exterior and common areas. The property is located in Atlanta’s Buckhead/Lenox submarket near GA-400 and I-85, with Lenox Square, Phipps Plaza, MARTA, dining, hotels, and banking in the surrounding area. The property carries R4 zoning and was built in 1987.
Building systems include a 2025 roof, a 2024 water heater, and two dedicated Trane HVAC zones maintained under a quarterly service plan. Utilities are separately metered, fiber is available, and the association manages the exterior and common areas. The property is located in Atlanta’s Buckhead/Lenox submarket near GA-400 and I-85, with Lenox Square, Phipps Plaza, MARTA, dining, hotels, and banking in the surrounding area. The property carries R4 zoning and was built in 1987.
Key Highlights
- 1,520 SF second‑floor office condominium
- Six private offices, each with natural light
- Private stairwell entry, reception area, kitchenette, and two restrooms
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
$20,354
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
4.65%
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%
$407,080
$407.1K
Cap Rate 7%
$290,771
$290.8K
Cap Rate 9%
$226,156
$226.2K
Market Conditions
NOI Build-Up for 1,520 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
$36.3K $23.87/SF
− Vacancy
−$9.1K −$6.02/SF
EGI
$27.1K $17.85/SF
− OpEx
−$6.8K −$4.46/SF
NOI
$20.4K $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%
$407,080
Cap Rate 7%
$290,771
Cap Rate 9%
$226,156
Alternative Uses
Best Use
Office B
$290.8K
$254.4K – $339.2K
NOI $20,354 @ 7.0% cap · market cap 4.65%
Second Best
Healthcare Medical
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,748
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 Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey suite with private offices, a kitchenette, two restrooms, and dedicated building systems.
Where is this office units located?
The property is located at 25 Lenox Pointe Unit B Atlanta, GA.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: 1,520 SF second‑floor office condominium; Six private offices, each with natural light; Private stairwell entry, reception area, kitchenette, and two restrooms
