Buckhead Office Condo For
For Sale
Contact for pricing
267 W Wieuca Rd NE, Atlanta, GA 30342
Two-story office condo in North Buckhead near Chastain Park.
Property Size2,600 SF
Price / SF$326.92
Days on Market208
Property Features for 267 W Wieuca Rd NE
General Information
Standard status
Active
Size
2,600 SF
Class
B
Property subtype
Office
Zoning
RLC
Listing Agency:
Terminus Commercial Real Estate Partners
Listed By:
John Robinson · License #GA 379227
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 16 at 11:38AM
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 Terminus Commercial Real Estate Partners
Investment Insights
Based on property information with market context.
This two-story office condo features seven private offices, a reception area, a kitchenette, and a file or conference room. Ample parking is available. The property is located in North Buckhead near Chastain, within walking distance of Chastain Park and the surrounding commercial area, with quick access to GA-400, I-285, and I-85. The property presents an investment or eventual owner-user opportunity, currently cash-flowing with a tenant in place through June 2027. The surrounding demographics are excellent; the 30342 ZIP code ranks in the top approximately 5% nationally for household income and top 3 in home values for the Atlanta area. The proactive HOA has recently completed capital improvements, including architectural roof replacement, parking lot repaving and striping, and a full exterior repaint within the last 5 years. The property size is 2600 square feet.
Key Highlights
- Cash‑flowing investment opportunity with tenant in place through June 2027.
- Prime location in North Buckhead/Chastain, walking distance to Chastain Park and commercial area, with quick access to major highways (GA‑400/285/I‑85).
- Located in an area with excellent demographics: top ~5% nationally for household income.
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
$34,817
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
4.10%
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%
$696,340
$696.3K
Cap Rate 7%
$497,386
$497.4K
Cap Rate 9%
$386,856
$386.9K
Market Conditions
NOI Build-Up for 2,600 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
$62.1K $23.87/SF
− Vacancy
−$15.6K −$6.02/SF
EGI
$46.4K $17.85/SF
− OpEx
−$11.6K −$4.46/SF
NOI
$34.8K $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%
$696,340
Cap Rate 7%
$497,386
Cap Rate 9%
$386,856
Alternative Uses
Best Use
Office B
$497.4K
$435.2K – $580.3K
NOI $34,817 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.8K
$636.0K – $847.9K
NOI $50,876 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 30342, GA
32,494
Population
16,147
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
96%
High-School Grad
9.0 sq mi
ZIP Area
3,610
Density / Sq Mi
$117,865
Median Household Income
$72,125
Median Earnings
$1,810
Median Rent
$804,300
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 - Two-story office condo in North Buckhead near Chastain Park.
Where is this office units located?
The property is located at 267 W Wieuca Rd NE Atlanta, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Cash‑flowing investment opportunity with tenant in place through June 2027.; Prime location in North Buckhead/Chastain, walking distance to Chastain Park and commercial area, with quick access to major highways (GA‑400/285/I‑85).; Located in an area with excellent demographics: top ~5% nationally for household income.
