Retail Space Near
2531 Gresham Road South East Atlanta, GA 30316
Retail space with recent updates and high traffic visibility.
Type:SCR, SCR-COM, SCR-REST
Property size:
3,420 SFPrice / SF:
$146/SF- Added:
- Apr 7, 2025
- Days on Market:
- 460
- Last Refresh:
- Jun 28 at 9:49 pm
Property Features for 2531 Gresham Road South East
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- SCR, SCR-COM, SCR-REST
Building Details
- Year Built
- 1966
Listing office KW Commercial | Atlanta - South Forsyth (678) 789-7211
Listing date Apr 7, 2025
Source Realnex
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 KW Commercial | Atlanta - South Forsyth
Investment Insights
Based on property information with market context.
This retail space offers 3,420 square feet of area. The property is located near Exit #63 westbound and #62 eastbound, and is 0.4 miles from a Walmart Supercenter. The space is currently divided into two units, with floor plans available. There is ample parking available. The property is an end unit, with space on the side of the building suitable for building a fence and storing work trucks or equipment. The interior has been recently updated with painted walls and polished concrete floors. There are four finished bathrooms in total. The property also features updated HVAC units. The average daily traffic count is 16,400. This property offers street visibility.
Key Highlights
- High‑visibility retail space with 3420 sqft and average daily traffic count of 16,400.
- Convenient location off Exits #63 (westbound) and #62 (eastbound), and near Walmart Supercenter.
- Recently updated interior with painted walls, polished concrete floors, and 4 finished bathrooms.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $18.00 |
| − Vacancy | −$4.6k | −$1.35 |
| EGI | $56.9k | $16.65 |
| − OpEx | −$17.1k | −$5.00 |
| NOI | $39.9k | $11.66 |
3,420 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$569.4K
$498.3K – $664.3K
NOI $39,860 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.0K
$836.5K – $1.12M
NOI $66,921 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kodaks Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with recent updates and high traffic visibility.
Where is this retail space located?
The property is located at 2531 Gresham Road South East Atlanta, GA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑visibility retail space with 3420 sqft and average daily traffic count of 16,400.; Convenient location off Exits #63 (westbound) and #62 (eastbound), and near Walmart Supercenter.; Recently updated interior with painted walls, polished concrete floors, and 4 finished bathrooms.
