Building Details

Year Built 1920

Listing Agency: Engel & V?lkers Atlanta

Listed By: Tyler Russell · License #358216 Show Phone

Source: Broadandmainrealestate

Added: Jul 20 Changed: Oct 4 Last Checked: Oct 13 at 1:54AM

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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 Engel & V?lkers Atlanta

Investment Insights

Based on property information with market context.

Located at 251 Trinity Ave SW in Downtown Atlanta, this mixed-use property occupies three contiguous parcels totaling approximately 0.30 acres. Built in 1920, the asset includes renovated apartments, street-level retail occupied by a tattoo shop and salon, and restaurant, lounge, and nightclub areas with tenant buildouts underway. A new roof and apartment updates are among the completed improvements.

The property is situated near Atlanta Tech Village’s downtown campus and Wild Leap Brewery, with additional development activity in the surrounding area. SPI-1 zoning is identified for the site. The combination of residential units, retail storefronts, and entertainment-oriented spaces creates a varied physical configuration within one urban property.

Key Highlights

• 35,000 SF mixed‑use property across three contiguous parcels
• Approximately 0.30 acres in Downtown Atlanta
• Renovated apartments and updated building systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$473,760

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,475,200 $9.5M

Cap Rate 7%

$6,768,000 $6.8M

Cap Rate 9%

$5,264,000 $5.3M

Market Conditions

NOI Build-Up for 35,000 SF

Gross rent

$672.0K $19.20/SF

− Vacancy

−$40.3K −$1.15/SF

EGI

$631.7K $18.05/SF

− OpEx

−$157.9K −$4.51/SF

NOI

$473.8K $13.54/SF

Area

Atlanta, GA

Vacancy

6.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,475,200

Cap Rate 7%

$6,768,000

Cap Rate 9%

$5,264,000

Alternative Uses

Best Use

Specialty Retail

$6.77M

$5.92M – $7.90M (±1% cap)

NOI $473,760 @ 7.0% cap · market cap 6.40%

Second Best

Mixed Use

$6.07M

$5.32M – $7.09M (±1% cap)

NOI $425,250 @ 7.0% cap · market cap 5.75%

Theoretical Best

Office A

$9.78M

$8.56M – $11.41M (±1% cap)

NOI $684,869 @ 7.0% cap · market cap 9.25%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Veterinary Clinic Acupuncture Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,856

Businesses Nearby

Explore this area Business Placement

Demographics for 30303, GA

9,352

Population

1,625

Households

5.8

Avg Household Size

25

Median Age

25%

College-Educated

88%

High-School Grad

1.0 sq mi

ZIP Area

9,352

Density / Sq Mi

$9,322

Median Earnings

$1,705

Median Rent

$250,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines renovated apartments with street-level retail and entertainment spaces.

Where is this mixed-use property located?

The property is located at 251 Trinity Ave SW Atlanta, GA.

What is the asking price?

The asking price for this property is $7,400,000.

What are key features of this property?

This property features: 35,000 SF mixed‑use property across three contiguous parcels; Approximately 0.30 acres in Downtown Atlanta; Renovated apartments and updated building systems