Updated End-Unit Retail
For Sale
$450,000
2517 Gresham Road SE, Atlanta, GA 30316
Two separate suites, four finished bathrooms, and side property for potential fenced storage complement the refreshed interior.
Property Size3,420 SF
Price / SF$131.58
Days on Market70
Property Features for 2517 Gresham Road SE
General Information
Standard status
Active
Size
3,420 SF
Total Parking Spaces
50
Property subtype
Commercial
Zoning
C1
Site & Location
End Cap
Yes
Traffic Count
16,400 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,221
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Keller Williams Realty Atl. Partners
(678) 341-2900
Listed By:
Sandy Hippeli · License #363900
(770) 364-2827
Source:
Batten-taylor
Added: Aug 26
Changed: Nov 3
Last Checked: Nov 3 at 2:15AM
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 Realty Atl. Partners
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Investment Insights
Based on property information with market context.
This 3,420-square-foot retail property is configured as two separate spaces and includes four finished bathrooms. Recent interior work added fresh paint and polished concrete floors, and the building is served by newer HVAC units. The end-unit position provides adjacent side property that can accommodate a fence for storing work trucks or equipment.
The property is zoned C1 and was built in 1963. It sits off I-20, near westbound Exit 63 and eastbound Exit 62, and is 0.4 miles from Walmart Supercenter. Average daily traffic is 16,400, with parking available on site.
The property is zoned C1 and was built in 1963. It sits off I-20, near westbound Exit 63 and eastbound Exit 62, and is 0.4 miles from Walmart Supercenter. Average daily traffic is 16,400, with parking available on site.
Key Highlights
- 3,420 square feet arranged as two retail spaces
- End unit with side property for fenced storage of work trucks or equipment
- Four finished bathrooms across the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,860
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,200
$797.2K
Cap Rate 7%
$569,429
$569.4K
Cap Rate 9%
$442,889
$442.9K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$61.6K $18.00/SF
− Vacancy
−$4.6K −$1.35/SF
EGI
$56.9K $16.65/SF
− OpEx
−$17.1K −$5.00/SF
NOI
$39.9K $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 Rate 5%
$797,200
Cap Rate 7%
$569,429
Cap Rate 9%
$442,889
Alternative Uses
Best Use
Retail
$569.4K
$498.3K – $664.3K
NOI $39,860 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.0K
$836.5K – $1.12M
NOI $66,921 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
16,400 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 30316, GA
33,625
Population
18,095
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,587
Density / Sq Mi
$96,491
Median Household Income
$61,116
Median Earnings
$1,570
Median Rent
$401,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Retail space - Two separate suites, four finished bathrooms, and side property for potential fenced storage complement the refreshed interior.
Where is this retail space located?
The property is located at 2517 Gresham Road SE Atlanta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,420 square feet arranged as two retail spaces; End unit with side property for fenced storage of work trucks or equipment; Four finished bathrooms across the interior
