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    2500 W Broad St Athens, GA 30606

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    For Lease
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    Retail and office suites with included utilities and janitorial services.

    Type:Retail, Office, Special Purpose
    Added:
    Dec 29, 2023
    Days on Market:
    853
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 2500 W Broad St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Special Purpose

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 2500 W Broad St Contact us

    Suite 106 $4 /Mo

    Size
    86 SF
    Type
    Retail, Office, Special Purpose
    86 sqft single room suite for $400nn nnLVP floors and upgraded to LED lighting.nnZoning...
    show more
    Contact us

    Suite 114 $3 /Mo

    Size
    291 SF
    Type
    Retail, Office, Special Purpose
    291 sqft Large 2 room Salon suite with sink hookup. $900nnLVP floors and upgraded...
    show more
    Contact us

    Suite 116 $2 /Mo

    Size
    458 SF
    Type
    Retail, Office, Special Purpose
    458 sqft Large multi-room suite with sink hookup and 2 windows $1,200nLVP floors...
    show more
    Contact us

    Suite 117 $2 /Mo

    Size
    556 SF
    Type
    Retail, Office, Special Purpose
    556 sqft Large suite with 2 large private offices, a large reception area, and a...
    show more
    Contact us

    Suite 208 $4 /Mo

    Size
    135 SF
    Type
    Retail, Office, Special Purpose
    135 sqft Single room Salon suite with water hookup for shampoo bowl. $600nnLVP floors...
    show more
    Contact us

    Suite 219 $3 /Mo

    Size
    260 SF
    Type
    Retail, Office, Special Purpose
    260 sqft large single room suite for $850 available July 1nnLVP floors and upgraded...
    show more
    Contact us

    Suite 307 $4 /Mo

    Size
    118 SF
    Type
    Retail, Office, Special Purpose
    118 sqft single room suite. $490nnLVP floors and upgraded to LED lighting.nZoning...
    show more
    Contact us

    Suite 308 $3 /Mo

    Size
    390 SF
    Type
    Retail, Office, Special Purpose
    390 sqft Hair Salon / Tattoo shop suite with 2 water hookups and 2 windows. $1,200nnLVP...
    show more
    Contact us

    Suite 501B $2 /Mo

    Size
    534 SF
    Type
    Retail, Office, Special Purpose
    534 sqft Very large single room office/salon suite with two window with water hookup....
    show more
    Contact us

    Suite 512 $4 /Mo

    Size
    135 SF
    Type
    Retail, Office, Special Purpose
    135 sqft single room suite with a window, and carpet. $600nnLVP floors and upgraded...
    show more
    Contact us

    Suite 514 $3 /Mo

    Size
    135 SF
    Type
    Retail, Office, Special Purpose
    135 sqft single room suite with a window, and carpet. $525nnLVP floors and upgraded...
    show more
    Contact us

    Suite 603 $2 /Mo

    Size
    401 SF
    Type
    Retail, Office, Special Purpose
    2 private offices and a shared reception.nnPower and water are included in the rent...
    show more
    Contact us

    Suite 203 $3 /Mo

    Size
    280 SF
    Type
    Retail, Office, Special Purpose
    280 sqft Large single room salon suite with sink hookup and two windows for $900nnLVP...
    show more
    Contact us

    Suite 212 $5 /Mo

    Size
    90 SF
    Type
    Retail, Office, Special Purpose
    90 sqft salon suite. Water hook up for shampoo bowl or sink. $500nnLVP floors and...
    show more
    Contact us

    Suite 614 $3 /Mo

    Size
    196 SF
    Type
    Retail, Office, Special Purpose
    196 sqft large single room suite with two windows. $700nnLVP floors and upgraded...
    show more
    Contact us

    Suite 214 $4 /Mo

    Size
    121 SF
    Type
    Retail, Office, Special Purpose
    121 sqft salon suite. Water hook up for shampoo bowl or sink, tall window with natural...
    show more
    Contact us

    Suite 204 $4 /Mo

    Size
    154 SF
    Type
    Retail, Office, Special Purpose
    154 sqft Single room Salon suite with sink hookup. $625nnLVP floors and upgraded...
    show more
    Contact us

    Suite 113 $5 /Mo

    Size
    72 SF
    Type
    Retail, Office, Special Purpose
    72 sqft single room suite. $375nnLVP floors and upgraded to LED lighting.nZoning...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Diego Kirsch

    Listing agent Diego Kirsch License #GA 1234

    Listing office Diego Kirsch

    Listing date Dec 29, 2023

    Source Crexi

    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 Diego Kirsch

    Overview

    Upgraded Suites in High-Traffic Location

    Available suites feature LVP floors and upgraded LED lighting. The zoning is CG, which allows for a variety of uses including salons and beauty shops, retail, offices, tattoo shops, medical facilities, and auto brokers. Power and water are included in the rent. Janitorial services are provided for common areas and restrooms. There are no CAM fees. The property benefits from a high traffic count inside the Athens loop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jeff Field & Associates Law Firm Stand Guard Insurance ... Insurance Agency Rocket Salon Hair Salon Greg Simpson - COUNTRY ... Insurance Agency Live Forward Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.420493
    Latitude
    33.9465912

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    FAQs

    What type of property is this?
    Retail space - Retail and office suites with included utilities and janitorial services.
    Where is this retail space located?
    The property is located at 2500 W Broad St Athens, GA.
    What are key features of this property?
    This property features: Highest traffic count inside the Athens loop.; Power and water included in the rent.; No CAM fees.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Diego Kirsch
    Real Estate License ID: GA 1234
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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